Comments on: NBC, Web’s Retirement Home?

By: Nick

Nick — Sun, 09 Jul 2006 15:38:15 +0000

for just 200,000 members i guess $5mill max is a good deal for them, hey i am selling my file storage with 30k members for $500k, hehe

By: Markus

Markus — Sat, 08 Jul 2006 18:07:53 +0000

Lets not forget that a good 30 to 40% of myspace accounts are fake.

By: Richard White

Richard White — Sat, 08 Jul 2006 01:45:41 +0000

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

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 :)

By: viralcomment

viralcomment — Sat, 08 Jul 2006 00:33:25 +0000

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 -

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.

By: Hooman Radfar

Hooman Radfar — Fri, 07 Jul 2006 19:13:59 +0000

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.

By: jim

jim — Fri, 07 Jul 2006 19:05:06 +0000

so with the hands of big business increasingly tightening on internet fun. what will be the next big thing? social networking is dead. corporate greed killed it.

By: Jonathan Hirshon

Jonathan Hirshon — Fri, 07 Jul 2006 18:14:31 +0000

I believe their search engine was snap.com?

cheers, JH

By: Om Malik

Om Malik — Fri, 07 Jul 2006 17:57:00 +0000

yeah - that’s the upside of being old and have a recall. somethings don’t make sense - like they didn’t a few years ago.

By: Brian

Brian — Fri, 07 Jul 2006 17:31:48 +0000

That was a strange one, NBC linked up with Xoom.com and Snap to create NBCi. Chris Kitze led the thing… seems like so long ago now.