NBC, Web’s Retirement Home?

9 thoughts on “NBC, Web’s Retirement Home?”

  1. Om, have you heard any confirmation regarding the size of the deal? Rafat believes that the deal is for $50M, or less. That is not that large of an acquisition considering that they supposedly did a Series B round in Q1 ’06 for 11M.

    I don’t know what their pre-money valuation was, but I would assume that they did not want to sell off more than 30-40% to investors during the raise. If that is the case, then their ballpark pre-money was something like 30-40M. That means that their post money valuation was around 50Mish.

    The net of this is that a sale of $50M today implies that they have created zero value since February. That is not exactly a sweet deal for their Series B investors. I would love to know more.

  2. what will be the next big thing? social networking is dead. corporate greed killed it.
    Posted by jim on Jul 7th, 2006 at 12:05 PM –

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    give me a break! social networks are dead? myspace has 70 million members. if you add the top 10 sn sites together, it’s over 150 million members. yeah, keep believing you know what you’re talking about.

  3. myspace has 70 million members. if you add the top 10 sn sites together, it’s over 150 million members.

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    Not to pick nits, but I doubt the users are mutually exclusive I think the exact opposite is probably the case. Regardless, I just added nothing useful to this discourse 🙂

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