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Re:Genius Sells to Media Lab for $80M by colmvp on Thursday September 16, 2021 @08:28AM (#28550850)
I recall Genius was hot, hot, hot way back when. Crazy that it was sold for less than 100M.
Re:Genius Sells to Media Lab for $80M by hedberg10 on Thursday September 16, 2021 @09:21AM (#28551406)
Crazy it sold at all, really. Still overvalued.

The free money bubble sets your value horizon to weird levels.

I remember hard solutions being worth something, not bro apps. Now I'm actually not that grumpy. This happens in every industry, I wish everybody involved well (I regret calling it a bro app, I'm sure there is way more involved than I am seeing, but it fits here in terms of functionality), markets are fuzzy, I don't get to make the evaluations, prices don't reflect material value but market etc. - I'm just trying to figure out my INTJness and how people cannot see this coming.

"Genius.com is going to be the Internet Talmund" and a unicorn - what? Based on what?

WeWork/Fab.com etc. etc.

Re:Genius Sells to Media Lab for $80M by Rastonbury on Thursday September 16, 2021 @09:30AM (#28551528)
For a site like HN which is run by YC, it's surprising to get so many comments like these. Making no value judgements, this is the startup model, investors know not every bet will win, so do founders. No one knows the future. It's often quoted that 90% of startups fail, they are hard.

For every nine "how did they not see that coming"s, you'll get one "how did no one see that opportunity" eg. your Facebooks, Airbnbs, etc.

Re:Genius Sells to Media Lab for $80M by rchaud on Thursday September 16, 2021 @09:56AM (#28551845)
I still use AZLyrics and SongMeanings.net, sites that look like they haven't been updated in 20 years.

Song lyrics websites are one of the last remnants of the collaborative 'old web', where people uploaded information simply for the enjoyment of others, with no expectation of monetizing beyond easily blockable banner ads. Seeing "genius.com" links go straight to the top of Google was disheartening because it reflected the opposite spirit.

Re:Genius Sells to Media Lab for $80M by asdff on Thursday September 16, 2021 @05:24PM (#28557849)
I remember the days when the most obtrusive ad you'd see browsing the web was a paypal donation button