Website Flippers make millions

February 21, 2007 at 12:52 am 1 comment

We’re seeing some smart people create very targeted web applications and flipping them just a couple of months after launching. First was MyBlogLog, which launched in October 2006 and was acquired by Yahoo just three months later for a reported $10 million.Confabb may on an almost identical path. The company, which has created a social network around conferences, launched just three months ago. And from what we’re hearing, they are very close to being acquired in the next week, for $5 million or so. Look for founder and Chairman Salim Ismail to make an announcement about this at the Stirr event in Palo Alto tomorrow evening.

This is good news for Confabb’s angel investors, including Dave Winer and Andrew Rasiel, who put a total of $75,000 into the startup. And it’s even better news for Ismail, who needed a win after his last startup, PubSub, imploded due to founder conflicts.

Dubbed from Techcrunch.com

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Entry filed under: Internet Startup.

Sell The Shovel – Don’t Dig For Gold Responsibletravel.com – $40 Million a Year

1 Comment Add your own

  • 1. Mark Martinez  |  March 6, 2007 at 6:37 pm

    Hello my name is Mark Martinez last year I was on the TV show the American Inventor produced by Simon Cowell out of the thousands who tried out for the show I made t to the top 12 with my product the Sackmaster 2000 the one man one scoop sand bag shovel I plan on making millions on my shovel if there is some one out there that could help me do this ,we can all can profit from my invention ,you can contact me at mrsacksackmaster2000@sackmaster.com you can check out my product at http://www.Sackmaster2000.com I am an Inventor with lots of other marketable products in the works 1-909-902-1135

    Reply

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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