6 ms·

I wouldn't mind being advised by someone who created a business and sold it to Amazon for a billion dollars, lack of profitability notwithstanding.

• scarface_74 3y ago
  So they found the “greater fool”? Mark Cuban also sold broadcast .com to Yahoo for 5.7 billion
  • tempestn 3y ago
    I guess one could also argue in these cases that the founder started a very promising company, and the buyer failed to realize its potential.
    • fieldcny 3y ago
      You must be in marketing
  • andirk 3y ago
    That broadcast.com to Yahoo and Tom selling Myspace to Murdoch are 2 of my favorite flop acquisitions. Honorable mention: Digg selling its soul to their own sales team. However, Geocities to Yahoo is one of my least fave.
    • BobaFloutist 3y ago
      Tumblr to Yahoo for 1.1 billion in the hopes it becomes "The new PDF" was pretty good too.
    • ID1452319 3y ago
      I'd never heard of broadcast.com before, it is the inspiration for ROI (Radio on the Internet) and Russ Hanneman?
      • andirk 3y ago
        Probably! It was literally putting radio broadcasts on the internet. Tuning in to a radio frequency of a sporting event far away was avant garde and wanted by many. No idea why Yahoo needed to buy someone's janky website with an idea I just explained in 1 sentence, but yeah Yahoo managed to tank it from several billions of $ down to nothing in about a year. Coulda been the first music streaming service. I hope someone has the minutes to those Yahoo board meetings and makes a cartoon out of it.
• deleted 3y ago
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