Media - Monday, October 15, 2007
Game Ball Goes To HowStuffWorks.com. Sold To Discovery For $250M
Discovery is buying the Web site HowStuffWorks for a quarter of a billion dollars. We respect how Discovery's CEO explained the deal: "We're way behind in new media and digital. I don't think we win just by building vertically."
Discovery says it plans to combine HowStuffWorks's text content with Discovery's 100K+ hours of video footage. Plus it looks like HowStuffWorks will get its own TV show. It already has a series of popular books so why not.
HowStuffWorks is a lesson in starting early. The startup was founded in 1998 by Marshall Brain, a professor at North Carolina State University. HowStuffWorks' success coat-tails Wikipidia as both sites come up high on Google searches for thousands of topics.
In March 2002, HowStuffWorks was sold to the Convex Group, an Atlanta-based investment vehicle run by Jeff Arnold, founder and former CEO of WebMD. The WSJ also reports that Carl Icahn owns a large stake.
Read - WSJ
More Recent Articles
XCOR Space Startup Further Funded
Thursday August 21, 2008
For successful tech entrepreneurs and investors 3 trends stand out for their encores: wine, alternative energy and space travel. We are bullish on the alternative energy meme but see space and wine as ego plays with high risk economic upside. We hat... Full Story
Post 9-11 Airport Security Startup Clear Raises $44.4M
Thursday August 21, 2008
On a trip through Denver International this week we couldn't help but be envious of the travelers who were gliding through the Clear line. Some jerk cut in front of our TSA line and of course the line ground to a halt. Another traveler explained that... Full Story
Categories
- Venture Capital (274)
- Advertising (366)
- Aircraft (15)
- Alternative Energy (202)
- ASP (38)
- Batteries (9)
- Biometrics (3)
- Communications (54)
- Digital Hollywood (16)
- Digital Home (32)
- eCommerce (392)
- Educational Software (19)
- eHealth (23)
- Email Software (5)
- Enterprise Software (226)
- Euro Ventures (80)
- File Sharing (21)
- Financial Software (24)
- Games (156)
- Hardware (44)
- Homeland Security (7)
- IMterviews (6)
- IPO (35)
- Jobs (40)
- Media (305)
- Nanotechnology (14)
- Networking (91)
- News & Updates (1384)
- Online (5)
- Peripherals (36)
- Photo Software (43)
- Publishing (7)
- RFID (3)
- Robots (15)
- Satellites (7)
- Search (187)
- Security (87)
- Semiconductors (68)
- Social Networking (377)
- Space (1)
- Sponsored Post (11)
- Storage (32)
- Tech stocks (29)
- Telecom Equipment (10)
- Video (203)
- Voice (64)
- Web 2.0 (101)
- Web Development (5)
- Where Are They Now (29)
- Wireless (347)
Post a comment