Chris Dixon begins this episode of Founder Stories with DoubleClick and FindTheBest Co-founder Kevin O’Conner by telling O’Connor that “DoubleClick is probably the closest thing New York has to a PayPal.” Meaning the two companies share an aptitude for hiring employees that go on to start innovative businesses. Just as Paypal spawned Yelp, YouTube, and LinkedIn, DoubleClick spawned… → Read More
One of the largest exits of a venture-backed company based on the East Coast was when Right Media sold to Yahoo for $850 million in 2007. In this episode of Founder Stories, Mike Walrath tells host Chris Dixon how Right Media got started in the middle of the online ad bust, lost its biggest customer and almost went out of business, just before it launched its eventual business idea of an online… → Read More
Mike Walrath “was supposed to write novels.” Instead, he got int digital ad sales, started Right Media, which became an online ad exchange that he sold to Yahoo in 2007 for $850 million. In this Founder Stories video, he answers some rapid fire questions from host Chris Dixon about startup advice, hiring, and investing.
“Don’t try to solve a problem that you don’t fully understand,” he warns… → Read More
Right Media, the ad exchange that was acquired by Yahoo in 2007 for a reported $680 million in cash and stock, has recently seen its founder Michael Walrath walk away from his job as Yahoo’s SVP of Advertising Strategy.
Yahoo announced today that it will acquire the 80% of advertising network RightMedia that it doesn’t already own for $680 million in cash and Yahoo stock. (Yahoo already owned 20 percent of the company, putting the total valuation at $850 million). Yahoo previously bought 20% of the company in a $45 million Series B round of funding announced in October 2006. The company has raised over $50… → Read More