—
no predictions resolved yet
0 pending · 0 expired
I think it is historically I think Paul Graham had a bad experience with investors so you know everything's always top-down and everybody organization I think because he might have had a bad experience with investors were seeing some early bad behavior he always wanted to disempower or neuter any possibility that the investors would screw with the YC companies which i think and they understand he had good intent right it just got taken to a level of manipulation and trying of trickery right I ju
we had launched Yahoo radio and when Corp dev was like wait we can buy this company and we can basically set Yahoo back
at that time AOL was worth 20 billion 30 billion you know I should know the answer that but I got his hands and billions yeah I mean I think it was even more than that because because they did
I think AOL needed a radio play and we were in the right place to make that happen
so we launched the first internet radio service back on April 1st 1996 and really the service was has many similarities to Pandora today and so we just had internet radio and in you jump forward to 99 and AOL was looking for a radio play we had launched Yahoo radio and when Corp dev was like wait we can buy this company and we can basically set Yahoo back hmm also because there's lots of kind of geostrategic things going on the stars align
we sold for three twenty three hundred twenty million dollars and incredible we were we were lucky that was one of the biggest acquisitions of that time ten times bigger than weblog sink which I sold that's fifteen times bigger than Flickr or delicious which I think we're in the 20 million or TechCrunch or any of these things that's sold in that sort of cohort
back then selling a business to AOL or Yahoo was considered for our generation of entrepreneurs we're like the Gen Xers to sell a company for twenty thirty forty million dollars was that was kind of a goal