the epinions story

Filed in archive Venture Capital on November 1, 2004

The NYT has the very glamurous story of the epinions/ dealtime/ shopping.com deal. Lawsuits, happy VCs, poor founders, degree fraud and much more all in there...

"Their story should have had a happy ending last week when Shopping.com - the company formed in april 2003 by the merger of Epinions and a comparison-pricing site called DealTime - went public. Shopping.com enjoyed the most successful first day of any initial offering in the United States since JetBlue went public in April 2002, according to Richard J. Peterson, the chief market strategist for Thomson Financial. But the founders of Epinions - Nirav Tolia, Naval Ravikant, Ramanathan Guha, Dion Lim and Mike Speiser - have learned that success does not necessarily mean that a company's creators will be rewarded."

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