Peter Friedman

speaker
266 appearances 2 recordings 2 series first heard Jan 2018 last heard Jan 2025

Peter Friedman’s voice in public audio — every appearance, attributed to the second.

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Top Founders · 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why? · 15 Jan 2018 podcast
Hundreds or thousands of customers, low touch.
It's few customers, high touch.
Well, we started the company in 1996 on my credit card in my home office, more than the garage.
And then we raised a series of funding rounds.
to about $60 million and went public in 1999 for another 60 something million.
So about 130 million, including a few million of what's called NBC peacock money.
NBC was an investor.
They gave us commercials and that's a whole nother story.
And I spent it.
No, no, no.
That was, they got equity for their commercial.
Yeah, yeah, yeah.
But that was a different time.
They only wanted me to do that one.
But so it was 130 million.
So say over 125 million in cash.
And we spent it.
We spent all of it with $600,000 and the world crashed and totally kaboom in 2001.
800 out of 1,000 internet companies went out of business.
Not us.
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