News for hackers. Stuff that matters.

A comment on Ask HN: We have a great team and capital but can't find a good idea. Parent comment

Re:Ask HN: We have a great team and capital but can't find a... by adventured on Monday October 30, 2017 @09:14PM (#15590430)
To be fair to Parsons, he built a dramatically more successful and larger business than Cuban ever has. Parsons is also a billionaire and worth nearly as much as Cuban.

In terms of sales, GoDaddy is six times the size of the Dallas Mavericks business, and ~20 times the size Broadcast.com was before the dotcom bust.

[ Parent | on HN ]
Re:Ask HN: We have a great team and capital but can't find a... by jsjohnst on Monday October 30, 2017 @10:51PM (#15590793)
Yahoo bought Broadcast.com for $5.7B in 1999 (pre-dotcom bust) and Godaddy has a market cap of $7.65B as of today, so I am not sure where you are getting 20x bigger valuation from.
[ Parent | on HN ]
Re:Ask HN: We have a great team and capital but can't find a... by chiefalchemist on Monday October 30, 2017 @10:53PM (#15590801)
True.

But my sense is Cuban could do it again. Parsons benefitted from timing and is likely more of a one trick pony.

Yes, a great and lucrative trick. But still one trick :)

[ Parent | on HN ]
Re:Ask HN: We have a great team and capital but can't find a... by blakdawg on Tuesday October 31, 2017 @01:33AM (#15591288)
No, Parsons is at least a 2-trick pony; from Wikipedia:

"In 1984, he founded Parsons Technology in Cedar Rapids, Iowa, and began selling MoneyCounts, a home accounting program. In late 1987, Parsons was able to quit his job and focus completely on selling and overseeing growth of MoneyCounts. Eventually, Parsons Technology grew to be a 1,000-employee, privately held company. On September 27, 1994, Parsons completed the sale of Parsons Technology to Intuit, Inc. for $64 million."

[ Parent | on HN ]
Re:Ask HN: We have a great team and capital but can't find a... by syedkarim on Monday October 30, 2017 @11:40PM (#15590954)
If Cuban could do it again, why hasn't he?
[ Parent | on HN ]
Re:Ask HN: We have a great team and capital but can't find a... by chasebank on Tuesday October 31, 2017 @01:05AM (#15591192)
Parsons is doing it again in a crowded market.

Check out PXG.com

[ Parent | on HN ]