California Dreamin’
Craigslist.org, the remarkable San Francisco, California-based entity, pitched a tent and camped out at the UBS Media Conference in NYC this week.
The assembled throng were no doubt dreaming of riches after a presentation by CEO Jim Buckmaster. The Street would make obscene profits if Buckmaster and Co. cave in and sell out…
* Jim - not Buckmaster, just Jim - “made it clear that their goal is to help users, not to maximize the company’s profit…the company does not fully monetize its traffic or services.” Schachter notes that the $10 fee the site charges for broker-sponsored apartment listing was chosen because it was “a nice round number.”
* Jim says they have not considered any partnerships, including text and graphical ad deals. “He added that he is the only person who looks at inquiries regarding partnerships, and thinks it’s doubtful that they’ll enter into any partnerships in the near future.”
* Jim says the company is growing over 100% year-over-year in terms of page views and listings. More mature markets are growing 25%-50%; faster growing markets are expanding “upwards of ten-fold.” Tech Trader Daily
Personally we hope they stay privately held...the thought of a Craigslist.com commercial running during the Superbowl is depressing…
Eric Savitz went on to add…
If YouTube was worth $1.65 billion, who knows what Craigslist would be worth if Jim and Craig Newmark ever considered becoming - what’s the word? - capitalists.
Anyone care to venture an estimate? We would love to hear from a UTC reader with a cogent argument and methodology for valuing this jewel…
We will publish succinct submissions that are deserving...along with an UBS Tchotchke to the most worthy…
Its your choice...either posts filled with reader mail or more pictures of women in bikini’s.
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