Friday, September 16, 2005

83 degrees - Sold their company twice

I'll place my bets with 83 degrees this is a team of proven entrepreneurs.

As noted on Software Only the founders, formerly of webshots, sold it in 1999 for $82.5 million, bought it back for $2.4 in 2002 and then sold it again last year for $70 million. Wow!

It's not entirely clear what they are building in the Web 2.0 space, but I'll keep you posted as soon as I get the scoop.

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