Bryan bought Gawker after it went bankrupt. He also had a +$200m exit. So he's doing something right. Coincidentally, the company (j2 Global) that bought your former employer worked with the current Gizmodo CEO. That company is now worth ~$4.5b.
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And yes, please tell me all about the business model of the holding company that bought a website I helped build on the cheap! It was positively a win for all of us when a holding company known for buying distressed assets made our options worthless!
It's not a win if the company was fragile enough to be sold in such a way that made your options meaningless. Wouldn't that options have been $0 if it just went bankrupt?
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Obviously it wasn’t a win! That’s my point. Why the fuck do I care how much money j2 has? How is that relevant? And I still get stock statements from them each quarter and their figures don’t look that great.
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U said you wanted ur options to be worth something. For them to be worth something you'd want a good company to have options in. And J2's market cap has consistently grown over the years and, unlike gawker and mashable, their shares are liquid, are growing, and actually exists.
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I wish your options would have made you rich. But both Gawker and Mashable made poor business decisions. And I hope new ownership can fix them and make the companies super profitable.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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