sold for 23Million

July 19, 2007 at 8:40 am Leave a comment, which began as a social network with bare bones technology and grew to a profitable, must-visit site for media professionals, is being acquired by Jupitermedia (Quote<!–, Chart–>), the parent company of this Web site, in a cash deal worth $23 million.

Laurel Touby started in 1999 as an online community for media professionals. The site’s cocktail mixers for media and creative pros became a popular forum for job-seekers and media professionals to network. It has since grown to include job postings, educational courses, events, forums, original content and a premium subscription service.

In a note on the site today, Touby wrote: “Today is probably the happiest day of my life. (Okay, second happiest. Getting married to Jon was pretty excellent.) When I put up my first web site in 1996 — or was it 1997? the records are gone — it was a humble little directory on someone else’s web site. Not even a site of its own. There was no hope of a business plan, much less a profitable business. The entire reason for its existence was to help media people, myself included, meet up, hook up and share resources with one another — a social network with bare bones technology.”



Entry filed under: Internet Startup.

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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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