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> In September 2012, Salon sold The WELL to a new corporation, The WELL Group Inc., owned by a group of eleven investors, who are all long-time members. The CEO
by tdeck 5y ago
> In September 2012, Salon sold The WELL to a new corporation, The WELL Group Inc., owned by a group of eleven investors, who are all long-time members. The CEO was Earl Crabb, who died on February 20, 2015. The sale price was reported to be $400,000
That means in order to recoup their investment, the WELL would need 2,666 paying member-years, to say nothing of expenses along the way.