Session #1 About.com: How It Raised Money, Went Public, And Sold For Over $700M Supported By Media Partner Intro • Why A Founder Speakers Series? • Operating Principles – – – – – Focus on Founders and Entrepreneurs Successful Founders/Angels. More Than Once. Not Just NYC Real Value, No Fluff Bootstrapped (“no hors d’oeuvres or fancy drinks”) Supported By Media Partner This Is Now This Was Then Supported By Media Partner Quote #1 “It’s midnight Saturday. You’re stoned, watching ‘Saturday Night Live’ and on the bottom of the screen the title asks ‘Do you want pizza?’ Touch button one and the truck will be at your house in 20 minutes.” Scott Kurnit, Aug. 24, 1979 Washington Post, article on QUBE Supported By Media Partner Supported By Media Partner The Mission • The Mining Company is dedicated to having the strongest possible relationship with users by providing the most satisfying and well-rounded Internet experience. • The Mining Company is committed to helping people find what they want and trust what they find. It will do this with a commitment to building strong communities while also encouraging people to just drop by to pick up a quick piece of information. • The Mining Company will support its global net work of Guides so they may provide excellent ser vice to users. Supported By Media Partner What’s In A Name • • • • • • • • General Internet The Mining Company The MiningCo TheSkinny.com 10,000 Monkeys “” “” About.com Supported By Media Partner Cultural Imperatives • • • • • Input, Not Consensus Adaptive and Adoptive Pushback No Politics Reward Risk Taking Supported By Media Partner Obser vations • • • • • • Stayed true to original vision Raised tons of money, but needed it to create a business built to last Worked in stealth for over eight months Distributed workforce before it was fashionable (patents) “B/B+” VCs Scrappy, aggressive culture • “Not a comfortable place to work” • “If you can’t sprint the marathon, you shouldn’t work at About” • Check your e-mails on Saturday morning or don’t come in on Monday • • • • • Picked fights with bigger players, like Yahoo! Who to put and not put on the board Founder equity/credit Inflated titles Lessons from Bloomberg Supported By Media Partner Dave Hills, President Bill Day, CEO John Caplan, CEO Alan Blaustein, CEO Lance Podell, CEO Mark Josephson, President Doug Perlson, COO Dave Hills, CEO Todd Sloan, CFO Greg Schmergel, CEO/Founder Michael Cassidy, CEO/Founder Todd Sloan, EVP/CFO Doug Perlson, CEO Andrew Eisele, COO Jason Cohen, Founder Mark Josephson, CEO Mark Lieberman, CEO/Founder Bill Day, CEO Andrew Pancer, COO/Co-founder Lance Podell, CEO Prescott Shibles, CEO/Founder Supported By Dave Otten, CEO Adam Fawer, COO Brian Rifkin, CRO John Caplan, CEO/Founder Alan Blaustein, COO/Co-founder Doug Perlson, Founder Media Partner Housekeeping • • • • • • Schedule at www.startupat work.org Session #2: Dave Morgan & Curt Viebranz (Oct. 22nd) feedback@startupat work.org jobs@startupat work.org Complimentary copy of “Founders at Work” Recycle badges outside Supported By Media Partner