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by darkmirage 3784 days ago
Is it really business sense or just being lucky to IPO in a huge bubble?

Did Broadcast.com really create value for the economy that the employees were rewarded for, or were they just on the lucky end of a huge unsustainable wealth transfer from retail investors to startup founders?

2 comments

All you have to do for startup success is find an accidentally rich sucker willing to pay $10k per user.

Good on Cuban for selling to a giant fool, but I'm not sure recognizing a sucker and selling to him or her is really all that broadly translatable a skill. My guess is the problem is the too-small supply of over-wealthy suckers.

Dude, he put radio on the Internet.