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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/

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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