Photobucket goes to Myspace - Valleywag Comments

Photobucket goes to Myspace

SumitraMenon — Thu, 24 May 2007 07:17:57 PDT

Leading Silicon Valley entrepreneur and strategy consultant Sramana Mitra, outlines a strategy on how News Corp. owned MySpace should charge Photobucket and all the other services that have sprouted around the MySpace eco-system. Link: http://sramanamitra.com/blog/885

SumitraMenon

Photobucket goes to Myspace

MATIC — Tue, 08 May 2007 11:48:11 PDT

Well, right, that's exactly my point! Photobucket founders, with something arguably worth 1/100th of MySpace, make out like bandits while Tom, Chris, and the others are left with salaries and a nice but not "FU money" payout.

MATIC

Photobucket goes to Myspace

ScalaWag — Mon, 07 May 2007 19:22:04 PDT

@Sally Tenpenny: Sorry, but MySpace was scaled with Intermix money by Tom & Chris as regular employees. If you sell out early, that's what you get!

ScalaWag

Photobucket goes to Myspace

MATIC — Mon, 07 May 2007 14:09:27 PDT

Tom and Chris (and about 4 other guys) are the founders, the guy suing is the founder of Intermix, which bought MySpace before Fox did.

It's that troubled provenance which helped dilute Tom, Chris and the other guys' stakes, ultimately leading to the situation they're in today-- paying founders of a much smaller and less important site more then they ever got from selling the (now) buyer of PhotoBucket!

MATIC

Photobucket goes to Myspace

ScalaWag — Mon, 07 May 2007 13:37:54 PDT

Hullo? Tom was not even the real founder and he did pretty well for an intrapreneurial employee.

The real founder is suing Rupert for $10B or so.

ScalaWag

Photobucket goes to Myspace

Trackback — Mon, 07 May 2007 12:50:45 PDT

ValleyWag's scoop: MySpace will acquire Photobucket, the parasite service that allows users to post photostreams to their MySpace profiles. MySpace cut the service off a few weeks ago claiming Photobucket violated the terms of service by placing ads on their content.

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Photobucket goes to Myspace

Trackback — Mon, 07 May 2007 12:50:44 PDT

Updated with Photobucket stats: MySpace is buying Photobucket reports Valleywag, even though it is not offering any details on the price MySpace is paying for the photo-hosting company. According to reports, Photobucket had hired Lehman Brothers to shop it around and was looking for $300 million.

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Photobucket goes to Myspace

MATIC — Mon, 07 May 2007 12:45:16 PDT

Wow, this has to burn Tom and the original 'founders' of MySpace. Looks like Photobucket's founders, whose product only gained real traction as a subservice of MySpace, will make out far better then the MySpace guys! Unbelievable.

MATIC

Photobucket goes to Myspace

Trackback — Mon, 07 May 2007 11:52:20 PDT

News Corp has bought Photobucket, Valleywag reports. Lehman Brothers, the startup’s investment bank, was reportedly looking for a valuation north of $300 million. Photobucket had 17 million unique monthly users when it was acquired and had $6.3 million in revenue during 2006, according to reports.

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Photobucket goes to Myspace

Trackback — Mon, 07 May 2007 11:51:27 PDT

Updated Photo-sharing site Photobucket has agreed on terms to be acquired by the giant social network Myspace, Valleywag is reporting, citing no one. Despite the lack of attribution, Valleywag offers details that strongly suggest there’s something to this.

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Photobucket goes to Myspace

johntreadway — Mon, 07 May 2007 11:36:47 PDT

Ultimately this appears to be the right equation for both Photobucket and MySpace. However, t does open the door to Photobucket wannabes who want to provide a similar solution for competing social networks. It's a good bet that many of these won't want their competitors' (e.g. MySpace's) content on their sites.

Given the row over ads in Photobucket videos, other revenue models that are either more symbiotic or at least not competitive with the host sites' revenue source will need to be developed.

johntreadway

Photobucket goes to Myspace

craigsherman — Mon, 07 May 2007 10:36:01 PDT

Photobucket is in the ideal position in that they do not need to sell. They continue to grow (in traffic and sales), and therefore continue to get more valuable. No idea if this is a real deal or not, but....

Alex Welch is a down-to-earth, humble, and yet extraordinarily talented CEO. And he's assembled a great team (most in Denver area, not silicon valley).

It's a real lesson to web 2.0 companies: build a strong team and stay focused on your core value proposition to your consumers and you'll get to dictate your exit strategy.

craigsherman

Photobucket goes to Myspace

Trackback — Mon, 07 May 2007 09:25:08 PDT

MySpace is buying Photobucket reports Valleywag, even though it is not offering any details on the price MySpace is paying for the photo-hosting company. According to reports, Photobucket had hired Lehman Brothers to shop it around and was looking for $300 million.

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