Blogs Bring Back Dot-Com Poster Boy

An anonymous reader writes "Wired has a profile of Jason Calacanis, the former Dot-Com bubble rider, and now the mind behind the sale of Weblogs, Inc. to AOL." From the article: "Calacanis and Alvey wanted to get in on the action, but the scale and limitations of blogs bugged them. 'We decided that one blog, like Rafat's, could make tens of thousands of dollars a year,' says Alvey. 'Definitely enough for one person who works 24 hours a day to sustain a business. But how could you get so that you could add more people?' The answer, they decided, was to build a network of blogs."

Comments

Comparing bubbles to oranges

[gbulmash]

I think three major differences between bubble purchases and current purchases are pricing, financing, and profitability. Back in the bubble, money-losing companies were selling for 9 figures and paid for almost entirely in stock. Calcanis, whatever you want to say about him, was turning a profit with Weblogs, Inc., sold for 1/10th of what bubble prices used to run, and though the details are not clear, I'm betting he got a good chunk of the sale price in cash instead of restricted stock units.

- Greg