The story of how to sell one project several times and make $ 150,000,000.
CNet announced the sale of Webshots' photo site to American Greetings Corp for $ 45,000,000.
The project has a very funny story.
Its founder Narendra Rocheroll and its business partners during the 1999 dot-com boom sold ExciteAtHome website for $ 82,500,000.
In 2002, ExciteAtHome fell apart and Narendra Rocheroll with partners bought the project back for $ 2,400,000.
AND…
And they sold it again in 2004 to CNet for $ 70,000,000.
Here is such an amazing story how to sell one site 2 times and make $ 150,000,000 on it.
After purchasing the project by CNet, he fell into fierce competition with similar projects, such as Flickr (Yahoo Inc).
The financial results of the project were depressing - for the last 3 months losses amounted to $ 16,600,000 (against $ 2,300,000 losses for the same time a year ago).
')
I think Narendra is already preparing for negotiations with American Greetings Corp.
After all, as they say: "God loves a trinity." :)
The project has a very funny story.
Its founder Narendra Rocheroll and its business partners during the 1999 dot-com boom sold ExciteAtHome website for $ 82,500,000.
In 2002, ExciteAtHome fell apart and Narendra Rocheroll with partners bought the project back for $ 2,400,000.
AND…
And they sold it again in 2004 to CNet for $ 70,000,000.
Here is such an amazing story how to sell one site 2 times and make $ 150,000,000 on it.
After purchasing the project by CNet, he fell into fierce competition with similar projects, such as Flickr (Yahoo Inc).
The financial results of the project were depressing - for the last 3 months losses amounted to $ 16,600,000 (against $ 2,300,000 losses for the same time a year ago).
')
I think Narendra is already preparing for negotiations with American Greetings Corp.
After all, as they say: "God loves a trinity." :)
Source: https://habr.com/ru/post/15476/
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