The Late Bird Gets The Worm
from the first-to-market-is-for-losers dept
A NY Times article about how late-to-market portal IWon.com has now taken over Excite.com's portal and is managing it with just 8 extra employees, and at 1/10 the technology costs that Excite had. While I've never been a big fan of iWon, they have apparently done quite well for themselves, while staying relatively small and building a profitable business.
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They say they have turned a profit. First, With pro forma, etc I don't believe anything corporations say anymore. Also, Does that prift include the guaranteed advertising deal with CBS? If so, they are reporting profits that are really just their initial VC being wrapped in a differnt costume. Amazing.
They started with 300 MILLION in VC. An SUV with a larger gas tank runs out of gas later. Doesnt negate the fact that it is a gas guzzler.
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huh? Are they glad they didn't go public? As if that saved them? Does going public drive a company into the ground?? Am I actually reading this, or am I dreaming?
Joe won the lottery and then overdosed on crack.
Thank god I didn't win the lottery!
PS: Sorry for my gruesome spelling in my first post, I am in a hurry.
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