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Vishu Bheda
ย โขย
Medialย โขย 1y
This website looks like it's from 1999. Gets 20B+ monthly views. Makes $694M annually. But its founder intentionally left $11 BILLION on the table for an unbelievable reason. The mind-blowing story of Silicon Valley's most moral billionaire: First, let's talk numbers: โข Craigslist gets 20B+ page views monthly โข Worth an estimated $3B today โข $694M annual revenue But in 1995, Craig Newmark wasn't thinking about billions... He was just a programmer at Charles Schwab who wanted to help people find apartments and jobs in SF. The site exploded organically. No marketing. No PR. Pure word of mouth. But here's where Craig did something different: When investors came knocking with massive checks, Craig said no. When advisors pushed him to go public with an IPO, Craig said no. His reasoning shocked Silicon Valley: "We already have enough money. Making more isn't that important. Know when enough is enough." The total amount Craig left on the table? $11 billion.
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