Craigslist ....... Business Guru or just plain lucky - GoFuckYourself.com

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

Rochard · 06-09-2007, 10:50 PM

Right place in the right time - he was the first.

It's still a crappy website and hasn't really changed in years. However, it works. I've sold tons of stuff off of Craig's List.

The Ghost · 06-09-2007, 11:17 PM

It's so simple it's genius. You can never discount the power of being early in the market.

woj · 06-09-2007, 11:21 PM

how does he make money from it?

billybathgate · 06-09-2007, 11:45 PM

Quote:

Originally Posted by Rochard

However, it works. I've sold tons of stuff off of Craig's List.

yeah i sold and bought alot of things on there

LiveDose · 06-09-2007, 11:51 PM

Yeah seriously where does the revenue come from or at least the operating bottom line costs?

TimBlaze · 06-09-2007, 11:54 PM

imagine how much he would make with a few Adsense ads on there

warlock5 · 06-09-2007, 11:57 PM

imagine how much he would make if he sold it; insta-billionaire.

billybathgate · 06-10-2007, 12:01 AM

Quote:

Originally Posted by warlock5

imagine how much he would make if he sold it; insta-billionaire.

instant billionaire or something really close to it .....

Triple 6 · 06-10-2007, 12:03 AM

simple works.

Thats Googles claim to fame. When Yahoo was 'the shit' and had every feature and its mother on its homepage and 'search' became a benched player, Google stepped in with relevant and decent search results without the FILLER.

Even tho Google expanded and has a million features and is a huge empire now, their homepage for the most part stays true to the humble beginnings. Craigslist has not steered from its humble beginnings and has not tried to be everything it was originally ... not.

WIth that I say............. MYSPACE will suffer the same demise as Yahoo, it will get eclipsed by something new that keeps to its succesful roots and doesnt add everything under the sun to keep peeps interested.

(IMO.)

Triple 6 · 06-10-2007, 12:06 AM

and since im on a drunken tangent ... i will add...

the simple formula ive seen for success on said internet is, do something better, do something already out there, but that doesnt SUCK. SUre you can go re-invent the wheel and come out with some crazy never seen before shit, but the laddewr you climb is that much higher. If you see something that works and can do it 10x better, GO for it.

And if it brings success, stick with that. If it aint broke... dont fix it.

TimBlaze · 06-10-2007, 12:06 AM

Quote:

Originally Posted by Triple 6

simple works.

Thats Googles claim to fame. When Yahoo was 'the shit' and had every feature and its mother on its homepage and 'search' became a benched player, Google stepped in with relevant and decent search results without the FILLER.

Even tho Google expanded and has a million features and is a huge empire now, their homepage for the most part stays true to the humble beginnings. Craigslist has not steered from its humble beginnings and has not tried to be everything it was originally ... not.

WIth that I say............. MYSPACE will suffer the same demise as Yahoo, it will get eclipsed by something new that keeps to its succesful roots and doesnt add everything under the sun to keep peeps interested.

(IMO.)

agreed

yahoo is a pain in the ass to use because of all the BS on there

and facebook is moving up as myspace's replacement

WWC · 06-10-2007, 12:07 AM

Combination of things....Right place, right time, luck and some business decisions....

billybathgate · 06-10-2007, 12:07 AM

Quote:

Originally Posted by Triple 6

simple works.

yeah i was thinking that too ...

06-09-2007, 10:05 PM	#1
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 __________________ ""

06-09-2007, 10:50 PM	#2
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 75,175	Right place in the right time - he was the first. It's still a crappy website and hasn't really changed in years. However, it works. I've sold tons of stuff off of Craig's List. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders

06-09-2007, 11:17 PM	#3
The Ghost IslandDollars.com Join Date: Oct 2004 Location: Icq: 176176 Posts: 12,188	It's so simple it's genius. You can never discount the power of being early in the market. __________________ ISLAND DOLLARS 1000's of Exclusive TS scenes / Constant Updates Best TS Network your surfers will ever join

06-09-2007, 11:21 PM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	how does he make money from it? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

06-09-2007, 11:51 PM	#6
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Yeah seriously where does the revenue come from or at least the operating bottom line costs? __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

06-09-2007, 11:54 PM	#7
TimBlaze Confirmed User Industry Role: Join Date: Oct 2006 Posts: 1,625	imagine how much he would make with a few Adsense ads on there __________________ Roll that shit, light that shit,

06-09-2007, 11:57 PM	#8
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	imagine how much he would make if he sold it; insta-billionaire.

06-10-2007, 12:03 AM	#10
Triple 6 Confirmed User Join Date: Feb 2002 Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: isN'T everything Posts: 5,394	simple works. Thats Googles claim to fame. When Yahoo was 'the shit' and had every feature and its mother on its homepage and 'search' became a benched player, Google stepped in with relevant and decent search results without the FILLER. Even tho Google expanded and has a million features and is a huge empire now, their homepage for the most part stays true to the humble beginnings. Craigslist has not steered from its humble beginnings and has not tried to be everything it was originally ... not. WIth that I say............. MYSPACE will suffer the same demise as Yahoo, it will get eclipsed by something new that keeps to its succesful roots and doesnt add everything under the sun to keep peeps interested. (IMO.) __________________ SIG TOO SMALL! Maximum 1200x600 button and no more than 30 text lines of ALL SIZES and COLORS. Unless your sig is for a GFY top banner sponsor, then you may use a 6240x4800 instead of a 1024x800.

06-10-2007, 12:06 AM	#11
Triple 6 Confirmed User Join Date: Feb 2002 Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: isN'T everything Posts: 5,394	and since im on a drunken tangent ... i will add... the simple formula ive seen for success on said internet is, do something better, do something already out there, but that doesnt SUCK. SUre you can go re-invent the wheel and come out with some crazy never seen before shit, but the laddewr you climb is that much higher. If you see something that works and can do it 10x better, GO for it. And if it brings success, stick with that. If it aint broke... dont fix it. __________________ SIG TOO SMALL! Maximum 1200x600 button and no more than 30 text lines of ALL SIZES and COLORS. Unless your sig is for a GFY top banner sponsor, then you may use a 6240x4800 instead of a 1024x800.

06-10-2007, 12:07 AM	#13
WWC #1 Adult Content Provider Join Date: Jul 2003 Location: Glendale, Ca Posts: 11,577	Combination of things....Right place, right time, luck and some business decisions.... __________________ [email protected] ICQ : 494-353-230 Follow WWC on Twitter CLICK HERE! " CONTENT PROVIDER OF THE YEAR! " ~ 2007 , 2008 & 2009 XBIZ AWARDS WINNER! .......www.WorldWideContent.com / www.WorldWideFeeds.com...... WWC Nominated " Content Licensor of The Year " 2010 XBiz Awards !!!