AOL

“When I was at Patch in AOL, it wasn't quite working. Patch hadn't figured out a business model, yet it had scaled the company. So Patch was 1500 people when I was there and unfortunately, we had not been generating material revenue yet, and we were trying to f…”

“We sold that in 2008 AOL for almost a billion dollars.”

“So with the spinner, we were asked what our number was, and we, and I remember, I was sitting in the boardroom with AOL, and I said, five hundred million. Now, first, what was that based on? Nothing. It was just, I said it with conviction. I remember, I looked…”

“We were the first internet company to go public in the 1992. We raised ten million dollars in our IPO. The market value that day was seventy million dollars. And seven, eight years later, when we were negotiating the merger with Time Warner, it had gone from s…”

“We started only three percent of people were online, and those three percent were online an hour a week on average, so it was pretty early, and I spent the next 15 or so years building that company, and then when we merged AOL with Time Warner, I stepped down …”

“It had been mismanaged, I think under Yahoo and AWOL and Verizon, and we felt like we could turn it around.”

“This company is also AOL. So we also own AOL, which is still very profitable and does a lot of free cash flow.”

“Half of the traffic of the internet came through AOL in the US.”

“Yahoo and AOL. Early on. Those were the entry points. AOL didn't know how to do a search. Yahoo didn't think search was important.”

“If I remember correctly, the, we paid AOL more money than we made. This was like a hundred plus percent ref share.”

“Evernote, Vimeo, WeTransfer, AOL, Eventbrite, a very massively executed roll-up strategy, a 1,000,000,003 in revenue, and they're filing to go public at twenty billion dollars on in the US from Italy.”