Comments on: Craig Newmark’s a Billionaire http://www.markevanstech.com/2008/04/03/craig-newmarks-a-billionaire/ Insight and Analysis from North of the Border Thu, 11 Mar 2010 16:37:39 +0000 hourly 1 By: Mark Evans http://www.markevanstech.com/2008/04/03/craig-newmarks-a-billionaire/comment-page-1/#comment-53551 Mark Evans Fri, 04 Apr 2008 17:42:47 +0000 http://www.markevanstech.com/2008/04/03/craig-newmarks-a-billionaire/#comment-53551 The difference with Craigslist is Newmark seems immune to the hype and money. The difference with Craigslist is Newmark seems immune to the hype and money.

]]> By: E Guy http://www.markevanstech.com/2008/04/03/craig-newmarks-a-billionaire/comment-page-1/#comment-53500 E Guy Thu, 03 Apr 2008 21:22:13 +0000 http://www.markevanstech.com/2008/04/03/craig-newmarks-a-billionaire/#comment-53500 Funny money, funny logic, loopy result. Assigning value to an entity assumes the the Craigslist model follows normal business patterns. It does not and the valuation thus has no integrity. Craigslist's power is in its non economic model. Putting it into an economic model destroys its power, value proposition, and any associated value. Seems like typical greedy Silicon Valley type thinking. This is the mentality that destroyed so many high potential Valley startups. Funny money, funny logic, loopy result. Assigning value to an entity assumes the the Craigslist model follows normal business patterns. It does not and the valuation thus has no integrity.

Craigslist’s power is in its non economic model. Putting it into an economic model destroys its power, value proposition, and any associated value.

Seems like typical greedy Silicon Valley type thinking. This is the mentality that destroyed so many high potential Valley startups.

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