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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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.
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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Dude, $21000 was converted to $113 — they will literally never be worth anything! And that’s the case for literally everyone but the series c investors. It was an excellent tax write off but j2’s success or failure literally means nothing to me.
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I get that. That's because Mashable's management raised money at a stupidly high valuation and couldn't revenue and profit to justify it. Hence, why I think Spanfeller is a good move as I hope he will do what Gawker/Mashable couldnt: make shareholders like u money and create jobs
End of conversation
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