AOL

“Ted did the right thing and gave us two million over two years to spin out the Mozilla project.”

“And when I sold weblogs to AOL, people were like, oh my God, these people are idiots. They gave thirty million dollars to, you know, for weblogs Inc. They've only got 200 K in revenue.”

“They start negotiating. They're talking about a, call it, two million dollar license deal. And all of a sudden, AOL comes in and buys the whole company of Booklink for thirty million dollars.”

“Yeah, so it was a couple engineers that just went off and built this, almost against the wishes of management. It was not originally intended to really be for social use or for kids at all. It was more like the idea they had was it was going to be kind of like…”

“Google will then share back 85 cents on the dollar to AOL for all of that revenue. AOL wants two things in exchange for turning over their entire business in the search advertising world to Google. One is, we want warrant coverage, so what they end up getting …”

“This made Google a major player in the paid listings market almost overnight, and they weren't at all before. Overture dominated this market before.”

“AOL made thirty-five million dollars in 2002, the first half year of the deal alone, and then in 2003 made two hundred million dollars.”

“Pay massive revenue share to your distribution partners. In some cases, up to a hundred percent of the revenues generated. We'll talk about who the distribution partners are in a second. But even earlier, we heard with that, ah, AOL deal, they were willing to …”

“Steve Case approached him before Time Warner about an AOL Disney combination.”