Craiglist founder not interested in selling

Filed under: Internet, News, Social Software

Craiglist founder not interested in selling

by Ryan Carter Oct 4th 2006

Craig Newmark, or Mr. Craigslist himself is not interested in selling his social-networking site, even though another social-networking site, MySpace was just valued at a possible $15 billion in the next few years. Craig is apparently content and just fine with the already-comfortable life he has. In the cut-throat world of buying and selling off web companies, Craig's outlook is uniquely refreshing. All I have to say is "good for you Craig." Keep up the good work. I guess his site is a good example of the fact that UI isn't always the biggest seller, but the ability of a website to serve people can be very minimalist, if it functions well.

Tags: Craig, Craigslist, MySpace

Reader Comments (Page 1 of 1)

Robert said 9:28AM on 10-04-2006

I still cannot figure out how the craigslist.org site generates ANY income!!

What am I missing here??

Miss Cellania said 9:34AM on 10-04-2006

Thats a lesson I want my children to learn: as long as you're not starving, an occupation you enjoy is worth more than all the riches you'll never find time to spend.

Chris Gilmer said 9:35AM on 10-04-2006

I think alot of the income comes from job postings. Costing starts at about $75 per category. ChaChing!

Seriously though, all it would take is to drop 1 Google AdSense unit on each page. With all that traffic, they are pretty much guaranteed at making in upwards of $five figures, if not more, a day!

Ted said 10:32AM on 10-04-2006

I thought Yahoo snapped Craigslist up a while ago.

Gustavo said 11:09AM on 10-04-2006

This is awesome. Stick with what you believe. Who needs a couple of billions? He has money and a good life, so he believes he doesnt needs to sell his soul. With a clean web page, minimun effort, Low budget project and a good cause = millions of happy, free users. We can learn a lot from his story.

Jason said 3:11PM on 10-04-2006

Q: Where does craigslist's revenue come from?
A: Our exclusive revenue source comes from the fees we charge businesses to post jobs. In the Bay Area, businesses pay $75. This August, we also began charging New York City and Los Angeles employers $25 per posting.
Found at: http://www.businessweek.com/bwdaily/dnflash/sep2004/nf2004098_1574_db051.htm

Christopher said 11:40AM on 10-05-2006

Don't forget, he already sold a quarter of his business to Ebay a while back.

Chris said 3:43PM on 10-05-2006

"Don't forget, he already sold a quarter of his business to Ebay a while back."

No, if you had bothered to read the article you would have seen that a partner sold his share to Ebay, not Newmark.

"Craigslist is 25 percent owned by eBay after one of the shareholders who helped to set up the site in the 1990s sold his stake in 2004."

Askar said 3:25PM on 10-09-2006

Neat Mr. Craigslist. At times it makes sense to sell the company off to a big brother when it comes to the hassle of dealing with higher traffic, maintenance and other overheads...but not just for money. As Craig said before "who wants that much money?" Comfortable living is all it matters.

All these insanely priced buy-outs makes me feel that another bubble is about to burst.

Keep up the good work Craig.

Mustang 2012 said 4:57PM on 10-10-2006

He had better hope nobody comes along with something the buyers/sellers think is better because his comfortable lifestyle may come to an end. He'd be much better off taking the big payday so his future is set in stone.

BTW If you dont think it can happen, just look at some of the web search engines from years past. Excite was huge at one point.... I can't remember the last time I heard somebody talk about them. Hell I can't remember seeing a link to excite anywhere in the last five years.

Charles said 7:39PM on 8-23-2007

Good job CRAIG! KEEP IT UP.

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