March 16, 2012 Leave a comment
A few month after Yurie systems, my first startup employer was sold to Lucent for a cool $1.23 B, as employee number 8th, I cashed out my stock options and lunched telezoo.com back in 1999. telezoo.com was the first B2B social networking site on the web years before myspace and Facebook of the world. I remember I ended up hiring at least ten sales guy and wasted a third of our series A funding, a cool $1 m on advertising to get the attention of the companies. We rarely managed to get 300 companies to utilize the site.
Getting the companies to leverage the power of social networking to market their solution offerings and get engaged with their existing and potential clients online was something totally unheard of and premature. Many of them even thought I was on dope We had a good run with it till 2004 though. Read more of this post