This Guest Post was submitted by Patrick from Piggy Bank Pie. If you are looking for guest or ghostwriting services, visit Piggy Bank Pie Writing Services.
Are you looking at ways to make a few bucks? How about enough to buy your dream house in Monaco and maybe a private yacht to cruise the marinas around the world?
I can give you 1 very good tip, but don’t screw up, if you read carefully and you take your time to develop an original idea, you might end up having all the funds you need to have fun for the rest of your life. Ready? Here it is: start a Web 2.0 service, create a buzz, and sell it at its peak. That’s it! You don’t believe me? Take a look at the following sites, they’ve all been purchased for a descent price…
MyBlogLog
Founded in January 2005 by Eric Marcoullier and Todd Sampson
Originating Country: United States
Acquired by Yahoo! in January 2007 for about $10 million
Blog post from Chad Dickerson at Yahoo! confirming the acquisition.
Del.icio.us
Founded by Joshua Schachter in late 2003
Originating Country: United States
Purchased by Yahoo! in December 2005 for about $30 million
Blog post from Schachter announcing the acquisition.
Flickr
Founded by a company called Ludicorp in February 2004.
Originating Country: Canada
Purchased by Yahoo! in March 2005 for approximately for approximately $30-$35 million
Blog post from Flickr Blog confirming the transaction.
StumbleUpon
Founded in 2001 by Garrett Camp, Geoff Smith, Justin LaFrance, and Eric Boyd
Originating Country: Canada
Purchased by eBay in May 2007 for approximately $75 million
Press release of the transaction can be found here.
Feedburner
Founded by Disk Costolo in 2004
Acquired by Google on June 3rd 2007 for apparently $100 million
FAQ of the transaction.
Alexa (aka Alexa Internet Inc)
Founded in 1996 by Brewster Kahle and Bruce Gilliat
Originating Country: United States
Purchased by Amazon in 1999 for approximately $250 million
News.com post announcing the transaction.
And now… the last but not the least:
YouTube
Founded by Steve Chen, Chad Hurley and Jawed Karim and launched on February 15, 2005
Originating Country: United States
Acquired by Google in Oct-Nov 2006 for $1.65 billion.
Oh, I almost forgot:
Facebook
Founded by Mark Zuckerberg in 2004.
Originating Country: United States
Acquired by: Nobody!
NOTE: Yahoo! had serious discussions with Facebook to acquire the social media site. They apparently dropped an offer of $1 billion on the table. Then rumours reported that Google offered more than $2 billion for Facebook, but so far, all offers have been rejected on the basis that Facebook has tag its own price to… $8 billion!
So, any idea? I’m in.
If you would like to make a comment, please fill out the form below.
Although not Web 2.0 I did put up a blog post about Advertising on Toilet Paper which I think could be the next big thing :o)
Hmm, 8 billion bucks.
hehe..
at least if you don’t make the money, you can get toilet paper as many as you can