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The way Balwani made fortune was by selling startup called CommerceBid.com for $200ish million to a sucker called CommerceOne.com during dot com boom. He painte
by sytelus 8y ago
The way Balwani made fortune was by selling startup called CommerceBid.com for $200ish million to a sucker called CommerceOne.com during dot com boom. He painted vision of B2B auctions of suppliers. At the time of sale he had 3 ”test” clients. After 5 months, dot com bubble bursted but luckily he had cashed out by selling his stock. CommerceOne.com went bankrupt after that.