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by benzible 1145 days ago
This is a viral "feelgood" story that keeps circulating but MySpace was a project within an existing company, eUniverse, later InterMix. Tom and Chris DeWolfe were employees of InterMix, not founders. Intermix was acquired by News Corp. for $580M. Not sure how much equity Tom ended up with. It certainly could have been enough to allow for a "normal" early retirement but I'm not even sure about that. I had some dealings with Brad Greenspan, the CEO of Intermix, after the MySpace sale. Presumably he had far more equity than Tom or Chris, and let's just say that he did not behave like someone who was financially secure.
2 comments
nemetroid 1145 days ago
According to a complaint about the sell price made by Greenspan at the time [1], he owned about 10% of Intermix. If he’s not financially secure, I think that speaks mostly about his actions after the sale.

https://web.archive.org/web/20051004080642/http://www.freemy...

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xwdv 1145 days ago
The happiness isn’t from the money, it’s from all the friends he made along the way.
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