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Musings of a VC in NYC – The Story of Geocities (very insightful into the workings of an investment deal)

April 24, 2009 /

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PFL Tech Inc. is a marketing technology company that provides sales enablement and marketing automation solutions, as well asprinting, mailing, and fulfillment services. They also provide some great Montana Jobs.

Yesterday, TechCrunch reported the news that Yahoo! is planning to shut down Geocities. That is sad news on many levels. Geocities was the web’s first community and it was my first "mega deal" when it was sold to Yahoo! in 1999 for $3.5bn (including the value of the options Yahoo! assumed). I learned a lot from that investment and I thought I’d share some of the lessons with you all this morning.

Fred Wilson

Full Story: http://www.avc.com/a_vc/2009/04/geocities.html

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The Kalispell Chamber of Commerce is the longest-standing and leading advocate for the Flathead Valley community and business climate.

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