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billybathgate · 06-09-2007, 10:05 PM

interesting articles about craigslist and the founder

How Craig Newmark Built Craigslist With "No Vision Whatsoever"
http://blog.wired.com/business/2007/...ion_whats.html

http://www.internetfinancialnews.com...dlikeafox.html

quotes
.was essentially just in the right place at the right time and lucked into what has become one of the most successful online communities around - one that could be worth as much as $500-million, depending on how you measure such things.

As Tony describes it, "Craig Newmark is no visionary. He's no guru. And he's no soothsayer. He's a guy who lucked into his business, and it continues to succeed in spite of his lackadaisical efforts at starting it and running it." Because he was early, he gained a "first mover" advantage, Tony argues, and therefore developed network effects that now make the site virtually unassailable. But what really seems to tick Tony off - as it does most of Wall Street, I'm sure - is craigslist's determination not to monetize itself:

"Not wanting to take advantage of an enormous opportunity to create an efficient business and maximize revenue - especially to do more Good well, that doesn't strike me as being wise. It just strikes me as being lazy."

what do you think business savvy or just fuckin lucky

06-09-2007, 10:05 PM
billybathgate Confirmed User Join Date: Jan 2007 Location: wild wild west Posts: 483	Craigslist ....... Business Guru or just plain lucky interesting articles about craigslist and the founder How Craig Newmark Built Craigslist With "No Vision Whatsoever" http://blog.wired.com/business/2007/...ion_whats.html http://www.internetfinancialnews.com...dlikeafox.html quotes .was essentially just in the right place at the right time and lucked into what has become one of the most successful online communities around - one that could be worth as much as $500-million, depending on how you measure such things. As Tony describes it, "Craig Newmark is no visionary. He's no guru. And he's no soothsayer. He's a guy who lucked into his business, and it continues to succeed in spite of his lackadaisical efforts at starting it and running it." Because he was early, he gained a "first mover" advantage, Tony argues, and therefore developed network effects that now make the site virtually unassailable. But what really seems to tick Tony off - as it does most of Wall Street, I'm sure - is craigslist's determination not to monetize itself: "Not wanting to take advantage of an enormous opportunity to create an efficient business and maximize revenue - especially to do more Good well, that doesn't strike me as being wise. It just strikes me as being lazy." what do you think business savvy or just fuckin lucky __________________ ""