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Epinions - The Story of a High Growth Venture
Naval ravicant founded epinions, a site that compiled user reviews. Epinions found explosive pro market fit with on line buyers grateful for trustworthy reviews. The company struggled to monotize and was valued at 30 million dollars less than the forty five million dollars it had raised in its first round of funding. 51 former employees filed a lawsuit against e pinyon claiming they were misled about the value of the business they had created. Ravicant eventually settled out of court but not before he became known as 'neval ravicant' He now runs his own start-up called mike vromer which uses artificial intelligence to analyze cars.