Re:Marc Andreessen Says Now's the Time to Build Companies Li...
by confluence on Tuesday July 17, 2012 @05:46AM
(#4254959)
Haha indeed - but that's not what I really mean :D.
Netscape was the trigger for a great deal of what you see around you on the Internet today. Obviously, that doesn't mean that if they didn't exist - no one would've done it.
But my point is this: for the first guy to IPO into what started the craze - he didn't get out with too much.
Indeed, if you were to just look at Broadcast.com, which sold for ~$5 billion at the height of the dot com boom, Mark Cuban pulled ~$2 billion for something I think was quietly killed shortly thereafter (i.e. no real impact).
Netscape was the trigger for a great deal of what you see around you on the Internet today. Obviously, that doesn't mean that if they didn't exist - no one would've done it.
But my point is this: for the first guy to IPO into what started the craze - he didn't get out with too much.
Indeed, if you were to just look at Broadcast.com, which sold for ~$5 billion at the height of the dot com boom, Mark Cuban pulled ~$2 billion for something I think was quietly killed shortly thereafter (i.e. no real impact).