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by adventured 4833 days ago
In the same vein as how Microsoft sold IBM an OS that didn't exist, one of my favorite stories is Excite bidding $3 million to be on Netscape's browser circa 1996 or so (while having $1 million in the bank), prodded on by Vinod Khosla (they didn't get the deal, but it's still a great move).

http://bnoopy.typepad.com/bnoopy/2004/09/persistence_pay_1.h...