Imagine Radio Founders Try to Recreate Success the Wrong Way
from the how-not-to-start-your-second-business dept
Perhaps this one belongs in the “stupidity” category as well. The two founders of Imagine Radio (which was sold to MTV a while back) apparently created an almost exact replica of Imagine Radio on MTV’s time and resources and then pitched it to VCs and tried to lure away MTV employees. MTV, not surprisingly, is suing. Reminds me of the time two DoubleClick VPs were starting their own ad network and would pitch to DoubleClick clients, finish, and then say “Now, here’s another thing you might want to think about…” and pitch their new company.
