Can you think of any two bigger phonies in a contest:
in the one corner, eBay; in the other, Craigslist. One was started a brazen capitalist who like to promote socialist tenets in a veiled attempt to take the focus away from their massively profitable business that is applying crazy pressure to their peers, and the other is… oh wait, that described both companies.
Read more about this here: eBay was stupid for buying the 25% stake, didn’t it seem odd that every other would be buyer balked once they understood that Craigslist would not cede control, one bit. What did you think? On the other hand, what on earth do Jim and Craig think? That eBay would simply let its massively valuable but locked stake sit there idle.
As a judge told me one time:
You want to start a company that gets the attention of big business? Congrats, you did. Welcome to the big leagues, big boy.
Read more:
Why companies who invest ask for control.
13 Most Explosive Startups.
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