Quote:
Originally posted by FlyingIguana
he seen an opportunity to start a business based on current market conditions and made a shitload of money. he still had to start the business and execute it to get the business to a point where a large company would pay a premium for it.
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I don't deny that.
It's the amount of the premium that was paid which is where I think the "luck" applies to.
Broadcast.com had value, but whether it had $5.7 Billion of value is rather questionable, especially if you look at what it has (or hasn't) become since Yahoo bought it.