How did a $13million a year revenue generating blog network sell for $1 billion? It's not about the money. "What makes business work is creating value. If you’re going into the business with the intention of not creating value, but of having it magically provide money for you, then you often make really bad choices. The business that you’re investing in or creating doesn’t tend to be creating value for its customers or for anyone. So it doesn’t tend to spit off the cash you’re hoping it will. So many times I’ve seen people pursue passive income, and end up having active losses instead. They just spend a lot of time and money trying to push responsibilities off on other people and having it not work.”
Quote of the Day: Success In Business- It's All About Creating Value
Nothing like a plug on Jay Leno to kick start a new venture. Yesterday, Quirky founder Ben Kaufman took late night by storm as a guest on The Tonight Show with Jay Leno. After chatting about Quirky’s mission and process, Ben and Jay ran through a gallery of awesome inventions, from fan favorites Stem and Pivot Power to the upcoming safety product Signal. The segment has a few more surprises in store, and we don’t want to spoil the fun, so if you missed out on the late night spectacle, you can watch the full segment below!
Quirky.com looks to be on the way to being the web's next thing. Using crowdsourcing it takes Shark Tank to the next level and gives anyone a true American Dream chance to do with the entire resources of P&G are trying to do (see story I wrote from the domain angle arguing they own a gem portfolio and instead named this venture PGConnectDevelop.com). Quirky is a "quirky" name but shows what a memorable name can do to jumpstart a project and what a stupid one (is it p and G or pee and gee or P&G, or do they just buy a google ad and pay for traffic they lose on the grounds of stupid) Any how watch the Leno piece which continues to part two and visit Quirky to see how you can submit the names Leno is asking about including the toothpaste brush invention. Part Two continues HERE
Jay Leno Features Quirky (.com): Making Money Naming New Inventions
BILLION dollar deal makes 26-year-old America's next tech tycoon: High school drop-out behind blogging site Tumblr —sells it to Marissa Mayer's Yahoo New Yahoo CEO Marissa Mayer believes purchase of mico-blogging site will be a 'stake in the ground' for her tenure as head of the tech giant Board approached all-cash purchase on Sunday, despite Tumblr having only $13million in revenue last year David Karp founded Tumblr in his mother's Manhattan apartment in 2007 Site boasts 100million users and 90million daily blog posts So how did a $13million a year revenue generating blog network sell for $1 billion? It's not about the money. "What makes business work is creating value. If you’re going into the business with the intention of not creating value, but of having it magically provide money for you, then you often make really bad choices. The business that you’re investing in or creating doesn’t tend to be creating value for its customers or for anyone. So it doesn’t tend to spit off the cash you’re hoping it will. So many times I’ve seen people pursue passive income, and end up having active losses instead. They just spend a lot of time and money trying to push responsibilities off on other people and having it not work.” Photo: Wikipedia Read more: http://www.dailymail.co.uk/news/article-2326998/Yahoo-buys-Tumblr-1-1billion-Founder-
Note to Domainers: It's not WordPress!
High School Drop-Out Blogger Becomes The Web's Newest Billionaire
First a reminder in Domain grammar. Rules of thumb: The best Green and Cloud domains won't have those words in them (think Box.com, Desk.com, TreeHugger.com or the available for fast close EarthChamps.com). The only .ME names that have end user campaign value are "call-to-action" advertising names that imply action- a verb not past tense. Pay.ME versus Paid.me. That in mind I congratulate a great sale this week made on Sedo Ticket.ME. Domain Name Sales is gunning towards breaking the regular million dollar weekly figure and will soon rival leaders Sedo and Name Media, each who had a decade's head start, in weekly output. Here are Domain Name Sales Results Week Ending May 19th
Facebook’s “Like” feature is vital to 500 million people who share ideas on the social network and must have free-speech protection under the U.S. Constitution, a lawyer for the company told a federal appeals court. “Any...
America’s Got Talent judge and radio shock-talk personality Howard Stern is the likely buyer behind a $52 million private sale recorded Wednesday for an oceanfront house at 601 N.
Owen FragerFrank Schilling Sells Multiplesclerosis.Net Adds Eulogies.net To What's Turning Into The Most Valuable Private Collection of .Nets on The Planet! http://j.mp/Ni8RVc
"I have to thank you for the story about Nuvilex that you wrote Feb 21 putting the stock on my radar...since then the stock has gone from 5 cents to 17 cents! I researched the company a bit and only invested what I could afford...
Six countries have broken the ice and won Arctic Council observer status at the latest conference. Melting Arctic ice is exciting countries remote from the region, seeking access to promising hydrocarbon deposits and new...
Companies and brands who have verified their publisher status (similar to Google Authorship) will start to see their company logo or brand logo show up in the Google Search Results.
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