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September 23, 2007

'My exit strategy is death' — Craig Newmark, founder of craigslist

Hijpijui

His website, featuring 15 million listings in 450 cities, gets 6 billion page views a month.

Yet Newmark (above) is deaf to all proposals for an IPO or buyout.

As it is, without even trying, craigslist's annual revenue is around $50 million.

Newmark's exit strategy mantra was designed to end discussions about selling before they start.

It would appear to me to be nicely designed, short and to the point, crisp and clean and clear — just like craigslist.

September 23, 2007 at 10:01 AM | Permalink


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