August 23, 2007


With the subprime crash impacting 2007 bonus pools, will New York real estate finally return to sane levels in 2008?
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One of the few apps I use on Facebook, Where I've Been, has reportedly been sold for $3 mm. Or about $1.30 per user (including me!)
Congratulations to the founder!
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Wow. Monster is getting hammered in the equity markets. Down 30% or so since the new guys came in.
I'd bet what's happening is that the Internet growth investors are bailing out as the new management team just doesn't have street cred with the Interneterati. Who are the new guys piling in? (Somebody has to be on the other side of the transaction.) I bet it's the folks who use to own newspapers -- at 9x EBITDA on a TEV basis, that 22% growth rate looks pretty attractively priced!
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Lots of folks are in love with TheLadders.com, and now some are even blogging about our $100k+ job site and how well it works!
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I was on CNN over the weekend. Anybody who knows my, um...., "sartorial style" will be highly amused to see me discussing fashion in the workplace!
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