Another Huge Vote for Investment Bankers

In case you haven't been reading any blogs lately, Bankrate.com bought one-man blog Bankaholic for $15,000,000 this week.  Duncan Riley summed up many people's thoughts about that when he wrote: You would presume the site was making good money by the sales price, but nothing else about the site stacks up. Traffic isn’t brilliant, matched by irregular posting at best. Quantcast shows 156,000 uniques on 263,000 visits, Compete puts the unique number at 300,000. The site has an ... Keep reading »

October 3rd, 2008 — 2 Comments »

Lessons from an Acquisition

As many of you saw yesterday, Internet Brands (NASDAQ:INET) has acquired one of my sites.  (The sale actually closed in February, but they wanted to finish up all their acquisitions before announcing any of them.)  Since then, I have also worked with a friend as he went through the same process. Now that both the deals are public knowledge, I wanted to pass along some of the things I learned while selling two high-dollar sites to large companies ... Keep reading »

August 7th, 2008 — 24 Comments »