SM: Let’s discuss your financial history, in the final segment of the conversation. Who financed the company at the very beginning? I assume it was some of Neal’s Capital IQ proceeds that went into Inform. JS: It was friends and family, yes. SM: Did you raise Venture money? How much? From whom?
I would, personally, like to see them dominate not only Online Jobs, but also Online Photo Sharing. News Corp recently bought Photobucket as one of MySpace’s Monetization efforts. Photo sharing is one of the top segments and in the US the top 10 photo sharing sites draws around 50 million visitors each month. I have
I have, so far, refrained from joining the hype machine around Facebook. However, things are plain out-of-control right now, with rumors about them turning down $6 Billion acquisition offer from Microsoft, and more recently, that $10 Billion is what they think they’re worth. All this, on an annualized revenue of how much? $150 Million, right?
National Association of Realtors (NAR), whose over 1 million members are Realtors, is a century-old powerful trade association of real estate agents and brokers in US. Besides owning the word ‘Realtor’ as a registered trademark, the NAR has sufficient clout among the decision makers, which stems from its being the US’ third largest donor to
Google acquires Postini for $625 Million. This is an excellent acquisition, as Google was already using Postini’s spam filtering technology for Gmail earlier. This acquisition also marks Google’s next move into the Enterprise 3.0 space. Postini is a global leader in on-demand communications security and compliance solutions serving more than 35,000 businesses and 10 million
The WSJ reports that eBay has quietly opened its classifieds site, Kijiji (what a lousy name!) to the US audience, positioned to compete against the wildly popular Craigslist, in which it owns a 25% stake. One wonders why eBay doesn’t just buy Craigslist; the answer to that question is that Craigslist’s founder, Craig Newmark, has
When The New York Times entered into a deal with Monster Worldwide this February to display Monster’s job ads in NYT’s career sites, it became yet another example of how vertical portals like Monster’s job-related one has come to prominence. [We have recently covered the Online Jobs vertical in detail.] Prior to the NYT deal,
IAC (Nasdaq: IACI) is an interactive conglomerate operating more than 60 diversified brands in sectors being transformed by the Internet, online and offline. IAC’s mission is “to harness the power of interactivity to make daily life easier and more productive for people all over the world”. The Company’s business can be classified into five segments: