Boomerang Entrepreneurship: How To Sell The Same Startup Twice

from the double-the-profit dept

In 1999 the entrepreneurs behind a photo hosting company named Webshots sold their company to Excite@Home for $82.5 million. Not bad. Even better, though, was that a few years later, after Excite@Home went bankrupt, the founders bought Webshots back at an $80 million discount, paying just $2.4 million. That was pretty smart of them… because now, two years later, they’ve flipped the company again, this time to CNET, for $70 million, $60 million of which is in cold hard cash (they’ve obviously learned the value). You have to wonder if this agreement has a buy back option as well. While most news stories focusing on the deal are comparing it to Google’s similar Picasa purchase yesterday, this bit of yo-yo startup reselling is a much more interesting story.


Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Boomerang Entrepreneurship: How To Sell The Same Startup Twice”

Subscribe: RSS Leave a comment
2 Comments

Add Your Comment

Your email address will not be published.

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...
Loading...