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Old 07-21-2006, 07:49 PM   #1
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18 month online startup, sold for 580 million !!! wtf

18 month online startup, sold for 580 million !!! wtf

Back in 2003, half of the VC's in silicon valley were chasing the idea that the web could connnect people to one another, rather than to information. It took a couple of Los Angeles hipsters to give abstraction - dubbed online social networking - a seriously viral form. Anderson and Dewolfe grandually cobbled together the iltimate web-services mashup. It was a free-for-all of blogging, instant messaging, phonecam uploads,mp3, video clips, and anything new that came along, all stewing in a both of hot bands, hit movies and teenage lovelies. MySpace.com was bought by News Corp. Rupert Murdoch.


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Old 07-21-2006, 07:51 PM   #2
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Old 07-21-2006, 07:51 PM   #3
aico
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I keep looking at the date of this post and am still not 100% convinced it's not an error.
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Old 07-21-2006, 07:52 PM   #4
MaddCaz
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so what's the next MySpace?
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Old 07-21-2006, 07:54 PM   #5
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Where's the timeline pic?
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Old 07-21-2006, 08:24 PM   #6
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Quote:
Originally Posted by MaddCaz
so what's the next MySpace?
come up with something that is interactive and can be viral. you have yourself a great product, then get some traffic and your be the next myspace,yahoo,google,aol...whatever you want.

Quote:
Originally Posted by J$tyle$
Where's the timeline pic?
a great story that will go down in history and you want more...lol most anything for you Mr. J $tyle$... <-- nice content store brotha'

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Last edited by vod; 07-21-2006 at 08:25 PM.. Reason: typo
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Old 07-21-2006, 08:32 PM   #7
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a great story that will go down in history and you want more...lol most anything for you Mr. J $tyle$... <-- nice content store brotha'

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Old 07-21-2006, 08:54 PM   #8
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The sad thing is that if they had held on to it for a while longer and invested some VC money into it, they could be sitting on a site worth about 10 times what Murdoch paid.
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Old 07-21-2006, 08:55 PM   #9
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what is this myspace thing you speak of?
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Old 07-21-2006, 08:56 PM   #10
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what is this myspace thing you speak of?
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Old 07-21-2006, 08:56 PM   #11
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what is this myspace thing you speak of?
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Old 07-21-2006, 08:56 PM   #12
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what is this myspace thing you speak of?
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Old 07-21-2006, 08:56 PM   #13
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what is this myspace thing you speak of?
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Old 07-21-2006, 09:40 PM   #14
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:2cents

Quote:
Originally Posted by pocketkangaroo
The sad thing is that if they had held on to it for a while longer and invested some VC money into it, they could be sitting on a site worth about 10 times what Murdoch paid.

what they should have done is value the company higher, they already have the site positioned in the top 5 highest trafficed sites, without spending a dime to advertise...

I would have asked for 1 billion, they did get alot 580 million, but they could have almost doubled it.
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Old 07-21-2006, 09:43 PM   #15
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what is this myspace thing you speak of?
holy fuckin five posts Batman
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Old 07-21-2006, 09:45 PM   #16
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Holy shit dude you are so fucking late on the news.
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I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 07-21-2006, 09:49 PM   #17
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what is this myspace thing you speak of?
your a moron who seeks attention
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Old 07-21-2006, 10:38 PM   #18
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Holy shit dude you are so fucking late on the news.
i've been in vegas for the last month it seems... i have xbiz withdrawls...
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Old 07-22-2006, 01:06 AM   #19
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The Net is Golden.
it sure is
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Old 07-22-2006, 01:11 AM   #20
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what they should have done is value the company higher, they already have the site positioned in the top 5 highest trafficed sites, without spending a dime to advertise...

I would have asked for 1 billion, they did get alot 580 million, but they could have almost doubled it.
it's not like there is much difference between 500 million and 1 billion... yea, it's twice as much, but in terms of pleasure derived from earning it, there is almost no difference I would think...
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Old 07-22-2006, 01:11 AM   #21
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wow 580million.. wonder if i could even spend that much before I die
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Old 07-22-2006, 01:15 AM   #22
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I want a tshirt with this picture on the front.

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Old 07-22-2006, 01:45 AM   #23
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tom was a gangster
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Old 07-22-2006, 04:15 AM   #24
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myspace was a smart idea
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Old 07-22-2006, 04:21 AM   #25
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it's not like there is much difference between 500 million and 1 billion... yea, it's twice as much, but in terms of pleasure derived from earning it, there is almost no difference I would think...
yes, for most people for sure
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Old 07-22-2006, 04:24 AM   #26
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Just in... another Tom sighting. Here is the artist rendention .....

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Old 07-22-2006, 06:33 AM   #27
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good one
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Old 07-22-2006, 07:08 AM   #28
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Another media (teenager targeted) in Rupert Murdoch's hand...Scary shit!
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Old 07-22-2006, 07:12 AM   #29
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Great concept -- user generated content + user generated traffic + ads + user-centric tools = $$$
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Old 07-22-2006, 07:12 AM   #30
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tom is the fucking man
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Old 07-22-2006, 12:55 PM   #31
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Proof that truely good ideas go unnoticed and the shitty onces fetch millions.

Sorry guys, but Geocities is worth more than MySpace IMHO.
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Old 07-22-2006, 01:23 PM   #32
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wow 580million.. wonder if i could even spend that much before I die
trust me once you start living the high life, money can just go down the drain
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Old 07-22-2006, 01:37 PM   #33
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I want a tshirt with this picture on the front.


why does tom look like he is beating off
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Old 07-22-2006, 01:44 PM   #34
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it's alot of money, and yes you can spend it on 1 boat, 1 home, 1/3 tax...etc... before you know it you owe... that's life..

the more we make the more we spend...

that's life...
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Old 07-22-2006, 01:46 PM   #35
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Holy shit dude you are so fucking late on the news.
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Old 07-22-2006, 01:46 PM   #36
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hmm... life is easy.. yet strange.. its about being yourself , open minded..

creative .. and LUCKY.
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Old 07-22-2006, 06:16 PM   #37
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Think & Prosper from our next brilliant idea! see sig...
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Old 07-22-2006, 09:55 PM   #38
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580 million is a solid number, I mean everyone has a number, that's close to mine ;
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Old 07-22-2006, 09:57 PM   #39
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Murdoch bought myspace? doh!
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Old 07-24-2006, 06:11 AM   #40
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Murdoch bought myspace? doh!

Yes for 580 million. and hired the 2 that ceated myspace
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Old 07-24-2006, 06:54 AM   #41
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i want my 2 dollars
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Old 07-24-2006, 05:47 PM   #42
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i want my 2 dollars
I would ask for 4 and settle for 2.5 ;-)
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Old 07-26-2006, 06:17 AM   #43
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let's put in an offical GoFuckYourSelf offer, of 600 million...
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Old 07-26-2006, 05:07 PM   #44
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i'll take 600 million now the longer you wait the more it will go up ;
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Old 07-27-2006, 04:02 AM   #45
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The sad thing is that if they had held on to it for a while longer and invested some VC money into it, they could be sitting on a site worth about 10 times what Murdoch paid.
Hot damn. If only they had listened to you they would be rich now.
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Old 07-27-2006, 05:51 AM   #46
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wow 580million.. wonder if i could even spend that much before I die
Let me run your biz, you'll see hahahahahahahaha


I don't like these kind of sites. They liks create their on internet.
This ain't good at all. Their own network if you prefer. Once you get in, you don't really have to surf the world wide web
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Old 07-27-2006, 08:45 AM   #47
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the price was to high no matter how you slice it, but with news corp behide it, myspace will soon be re-invented. 1-2 years

every 2-4 years there will be another great myspace,google, or yahoo... it's just like us americans, we like change.

it's like you go out with a girl for like 2-4 years, she's great, but... change is sometimes good and sometimes bad, myspace change was great. ifreinds was almost great...lol

it's all going to change forever.
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Old 07-27-2006, 08:51 AM   #48
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myspace was not a new idea or even that great of one but for whatever reason it caught on with people and thats what made it worth so much. its almost angering sometimes to think that such a simple idea made so much money but probably more jealousy than anything.
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Old 07-27-2006, 02:15 PM   #49
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GREAT!
Tom, congrats!
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Old 07-27-2006, 02:46 PM   #50
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I dont understand why it got so popular. Ive tried it and I really fucking hate it.
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