(Read this story first on CNET acquiring Webshots) This is the craziest bit: the history of Webshots is very interesting: Webshots co-founders Andrew Laakmann, Narendra Rocherolle, and Nicholas Wilder sold the company to ExciteAtHome for $82.5 million in late 1999. Then, when the doomed broadband portal and access company went bankrupt, the founders back it bought from the bankruptcy court for $2.4 million in 2002.
And now, they’ve flipped it again, for $70 million, to CNET, out of which $60 million is in cash.
These young guys (all of them in early and mid-30s) are brilliant, and crazily rich now…
Some background on this rollercoaster:
– Webshots Co-Founders Buy Back Service at $80 Million Discount
– Interview with Webshots CEO Narendra Rocherolle
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