3min chapter

Techmeme Ride Home cover image

(Bonus) Jason Calacanis Interview

Techmeme Ride Home

CHAPTER

The Lesson Learned From AOL's Investment in Web Log Zinc

AOL wanted to invest in web log zinc. Mark cuban was gonna re-up because mark cuban put 300k into the company. i said well we think 40 million would be the right number it's like one plus on the front and part of it's like are you crazy? We wound up selling for like 25 for the main asset and then five million for blogsmith later so there's a lot of being a 30 million or so. as you said um you the lesson you learned was the next time someone offers you money you're gonna take it right"

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