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Search Results for: sold

  • fritz Says -> can it be done ?
    11:43 am on November 12, 2007 | 0 Permalink | Reply
    Tags: , , , , , , ,

    For the past couple of days there is only one question on my mind is it possible to build a company worth 1 billion dollar in 3 years yes 36 months now don’t ask me how I got the magic numbers of 1 billion or 3 years but I guess the reason for such crazy questions going in my mind are the number of interviews I see on TV of entrepreneurs and new generation of business leaders in the making taking over family run businesses in India after their studies saying that their targets are to take their family businesses past the 1 billion dollar mark and make the business more professionally managed and not family run.

    Hmm all this has certainly got me thinking is it possible to build a company in a small place like goa worth a billion dollars in 3 years well maybe it is but has it been done in goa not yet anyway I don’t think it has been done in india also yet but one place where it has been done is US and in a place like silicon valley anything is possible for example in recent history youtube.com was founded in February 2005 and in less then 3 years was sold to Google for more then a billion dollar in Google cash and stock.

    So the conclusion is if you target a global audience with your innovation then it is definitely possible to build a company worth a billion dollars in 3 years the vital factors to achieving the goal being innovation,usefulness and global audience but if you are building a small entity with focus on smaller geography then it is not possible unless maybe you start digging in your backyard and you strike oil or a diamond mine hahahahahaha :) as they say for striking it reach you don’t just require smart work but also a bit of luck :)

     
  • fritz Says -> the wild hunt for second success for a desi serial entrepreneur
    1:10 am on October 1, 2007 | 0 Permalink | Reply
    Tags: , , , , , , ,

    Whenever I think about the term serial entrepreneur The names that come to my mind from the tech industry are paypal founders, the kazaa founders and our very own desi Sabeer Bhatia.

    For all those who dont know much about the paypal founders after their successful exit some of the paypal employees got involved with many other ventures and most of them did cash out for example youtube etc are paypal alumni and also the widgets that are so popular on facebook like slide etc are powered by one of the co founders of paypal new startup.
    The kazaa guys went on to found skype which they sold for a huge sum to ebay and now they have set their sights on joost a new internet based p2p Tv platform which itself has raised closed to 50 million $ in funding so far .

    Where as this serial entrepreneurs have tasted success on some of their other ventures our very own desi serial entrepreneur in search of the second success is struggling and boy is he struggling badly his venture arzoo went down and has now come up in its new avatar as a travel portal also his vision for a nano city looks a bit odd to me but then again what do I know of nano technology ( I am assuming that is the technology that will be worked on at the nano park) also came across (this) very interesting article and what caught my attention was the fact tht Mr Bhatia thinking that he can build a google out of one of the 7 companies that he has invested in WOW why just one of them and not all is my question to him?

    I had my doubts whether Sabeer can deliver a successful venture on his own but now as time goes by it looks like it will be difficult for him to do that and it also looks like the team at hotmail was what made hotmail a success and without that team he wont be able to build another success story but till then I guess he will be taking a bit out of his savings from his share of the pie which he carved out for himself after the 400 million $ sale of hotmail to Microsoft.

    I guess the hunt for the taste of another success story can make a person restless and make them do crazy things but I believe that if a person sticks to the basics and goes back to the drawing board and thinks of problems and experiences them first hand then you can always taste success again but it might not be as big as you expect of it but sometimes if u hunt for bigger success you loose on small success which can later on lead to bigger ones.

    Well all I can say is Sabeer if you are reading this maybe you should invest in my startup it wont be the next Google but can assure you that you will get good returns and not loose money. Well if you do read the article you will see that he plans to launch ice creams for lactose intolerants in India and also maybe open up a hotel for pets ( yes a hotel for your pets) well lactose intolerants might work but the market is small but hotel for pets well that is what might give a tough fight to the hilton or marriots chain of hotel I guess hahahahaha.

    So should a entrepreneur search for a second success story a definite yes but like I said they should go back to the drawing board themselves and come up with the idea

     
  • fritz Says -> cricinfo sold to Espn
    10:59 am on June 12, 2007 | 0 Permalink | Reply
    Tags: , , ,

    Got a mail from a friend breaking this news to me well he was off by a few hoursSmile.
    anyways thanks dude for the news (and for mentioning in your mail to blog about it hahahahahaLaughing).

    The deal is a good deal for Espn but they have not mentioned the price tag that they paid for the site i am guessing it must be somewhere in the 15-20 million $$ dollars if u just consider each visitor to we worth 3$ the deal size would be 21 million $$ since cricinfo claims that they have 7 million visitors hitting the site every month but what makes it useful is the wealth of data that it has collected over the past few years player stats,game stats etc etc

    The parent company of cricinfo the wisden group is selling it so that they can conc on their hawk eye technology and market it better for cricket and other sports (I wonder what happened to that other New Zealand company building something similar to hawk eye I remember reading it somewhere).
    Hawk Eye is a great technology for cricket fans especially since it provides visual display of info in real time to the suers during the matches and provides a bit of interactivity and fun element to the cricket viewers experience.
    Well getting it to other sports now that I am a bit skeptical about I mean cricket, baseball yes but would they also be doing it for kabadi,ko ko, basketball etc cause for the later sports it would makes no sense.

    In my opinion I think they sold out a bit early if wisden group had stayed invested in cricinfo for a bit long with now cricket being promoted to more countries they could have been able to get a better deal with more users but I guess they were feeling the heat from other ventures like cricketnext , crictv.com , sixer.tv and rediff sports and now with the renewed focus by biggies like yahoo, aol , microsoft they might come up with their own offerings in this cricket crazy nation of ours to attract peoples attention. So I guess wisden decided to sell out and concentrate on the hawk eye technology before the market gets heated up and they have to start a battle to keep their leader position intact.

     
  • fritz Says -> Is ebay exit route for web 2.0 companies?
    11:38 am on September 11, 2006 | 0 Permalink | Reply
    Tags: , , , ,

    Is ebay becoming the preffered exit route for web 2.0 companies recent auctions on ebay of high profile web 2.0 startups like kiko.com and huckabuck.com are showing that this is a rising trend for entrepreneurs who wants to get out without big fuss from their ventures.

    where kiko was sold off for a decent amount but huckabuck failed to find a buyer

    Only time will tell below are just a few companies that I could find am if you know any please leave a comment

    More info
    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=
    008&item=180023313880
    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPag
    eName=ADME:L:LCA:US:11&item=120024164593
    http://cgi.ebay.com/Profitable-Web-2-0-Company-FOR
    -SALE-ShinyLetter_W0QQitemZ130006400456QQcmdZViewI
    tem
    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item
    =290003116918

    update:
    two more added to the list
    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih
    =011&item=320027861750&rd=1&sspagename=STRK%3AMESE
    %3AIT&rd=1#ebayphotohosting

    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item
    =170029506031/