IAC

“Our first customer was a company called IAC. They're a publicly traded company.”

“No one's going to get between Going to an MGM resort, particularly Las Vegas, in which we have a huge share of Las Vegas. We have 11 properties in Las Vegas. No tech is getting between that and a human.”

“And in 2002, we switched to Google AdWords where I think we're the first ones to do that, which helped us become profitable and set our stock on a, I mean, I think we, 50 X that thing from there. And then we sold I see in February of 2005.”

“They created a better way to host videos. And that's what Vimeo is, which they sold the IAC, IAC spun off and became a billion dollar plus publicly traded company.”

“No changes to the deal. It's like, we're gonna do this.”

“We're well over a billion of cash and no debt at the parent level, and so we're, we are well capitalized to take advantage.”

“Financially, it was a crazy bad decision. But given everything I knew at the time with the risks you outlined before, the fact that it was kind of a life-changing experience for everyone at the company was absolutely the right decision.”

“Expedia was our biggest client at the time. Expedia was owned by IAC.”

“We were moved from IAC into the public company Expedia when that was formed about a year later. And again, we were division within Expedia and to their infinite credit, they let us continue to operate on our own, you know, even though we were selling our leads…”

“I joined the strategic planning team who, interestingly enough, we were just talking about this, was then being run by Dara Khosrowshahi, who's now the current CEO of Uber, who hired me into IAC, as well as a guy named Jeremy Liu, who you may also know who led…”

“We were flush with cash after the Vivendi universal entertainment transaction, and Barry decided to scoop up internet assets that had fallen out of favor. It was an incredibly prescient decision, and we ended up consolidating massive web one dot O categories t…”

“And when I was at IAC, Barry used to call our Monday meetings, our office of the chairman meetings, the dynamic debate. And we would sometimes sit in there for eight hours yelling at each other and screaming at each other to get to the right answer.”

“Between October of 2000 and May of 2001 we put together a deal where USA Networks would be renamed IAC, bought both NLG and Expedia.”

“And I think, I'm not sure if this was IAC or his next gig, but he ended up taking over the post bubble Evite team. That had shrunk from like hundreds and hundreds of people down to this like very small group and grew it to like, I think you grew it from like a…”

“And anyway, he bought that for twenty million dollars in 2006. [453] Sam Parr: And he's held it now for almost 15 years.”

“So in the 19 nineties, this guy started in 1995, he started a This is called Lexico Publishing. And Lexico Publishing owned Thesaurus.com and Dictionary.com. And he bootstrapped it, and he grew it, and he sold it in 2005 to IAC for a hundred million dollars.”

“Tinder was exploding, and no one could invest in Tinder, because it was owned by IAC. And so the only place that people could put their money as a competitor to Tinder at the time was basically us.”

“And I think we bought it for three million dollars, because it was 2001, and everything had crashed. And so, it had, at one point, a 120 people. I got it down to six people.”

“Hatch Labs is a venture studio or was a venture studio and basically they had you know, between five to 10 projects running at one time. They were all mobile based, but they kind of spanned everything from, you know, messaging to delivery to dating, obviously.”

“No, it was a more hands-on model, and I think it was something that was negotiated on a company-by-company basis. So, you know, they, I think they put in you know, closer to a million dollars.”

“I went in and recruited Sean Radd into IAC and gave him his first business plan, which turned into something completely different. It wasn't Tinder. He took it and very much made it his own, but it was something I got involved with the day-to-day of in the fir…”