Thread: Wow, Talk About Poor Timing!

ouch... he wasnt watering his fruit bearing tree as often as he should of

LOL


@mathewi @edmundlee JT does realize he was just acting and isn't really Sean Parker, right?
about 2 hours ago via webReplyRetweetFavorite

@zodlogic
Mike Kramlich
@TechCrunch @alexia "$580m isn't cool. You know what's cool? $35m! …. Also, drop the My. Just Space. Much cleaner."
about 1 hour ago via Twitter for MacReplyRetweetFavorite

Man I remember not too long ago when MySpace was similar to what Facebook is now. It is true that timing is everything.

News Corp was the one holding the bag on this one ... didn't Tom make bank?

Originally Posted by MJDeMarco

News Corp was the one holding the bag on this one ... didn't Tom make bank?

Yup. He sold it years ago for around 500 million. That's more money than he or even his grandchildren could spend in their lifetimes. He's set for life. He probably doesn't like seeing what his creation has become though.

Originally Posted by MJDeMarco

Myspace sells for a paltry $35 Million.

The once vaunted social juggernaut was once sold and valued at nearly $600 million.

Know when to sell, when to grow, when to exit!

He’s Bringing Myspace Back: Justin Timberlake Takes A Stake

Justin Timerlake takes a stake too!

I'm guessing they didnt make $565M in profit in the meantime....

OK… Here comes the big question:

How to time it all up?

When you are running a business, what tells you when to sell, or not. How to "read" those things out of the smell around?

To MJ (or anyone else with experience): You've been doing it a few times - could you please bring up some more light on the subject for us?

Many thanks in advance.
Atu

Originally Posted by Atu de Tank

OK… Here comes the big question:

How to time it all up?

When you are running a business, what tells you when to sell, or not. How to "read" those things out of the smell around?

To MJ (or anyone else with experience): You've been doing it a few times - could you please bring up some more light on the subject for us?

Many thanks in advance.
Atu

I don't think it's possible to know for sure. You could sell and the value of your company could go way up like what happened to the guy who created Victoria's Secret.

He sold it for something like 12 million and now it's a multi-billion dollar business. He committed suicide out of depression. You could also hold on and the value of your company could crash.

Ultimately, I think it comes down to whether or not you wish to continue growing the company more. If you've lost your passion for it, then sell quickly because a business with a founder who has lost their passion will most likely start falling apart.

Originally Posted by Darkside

I don't think it's possible to know for sure. You could sell and the value of your company could go way up like what happened to the guy who created Victoria's Secret.

He sold it for something like 12 million and now it's a multi-billion dollar business. He committed suicide out of depression. You could also hold on and the value of your company could crash.

Ultimately, I think it comes down to whether or not you wish to continue growing the company more. If you've lost your passion for it, then sell quickly because a business with a founder who has lost their passion will most likely start falling apart.

i know i am bringing one back from the dead but... i too thought this after watching the social media movie until i checked it out... check your facts before you pass on information as truth


The timeline on Limited Brands.com indicates that the purchase was for $1M (as does a NY Times article. (http://www.limitedbrands.com/our_com.../timeline.aspx) Wikipedia indicates $4M, but the referenced link (to a case study) is no longer valid.

It also appears that there is confusion between parent company Limited Brands (formerly The Limited Inc), The Limited (a store name) and Victoria’s Secret. Limited Brands is the parent company of Victoria’s Secret. It is so named because until 2007, Limited Brands was also the parent company to The Limited. In 2007 a 75% stake in The Limited was sold from Limited Brands to Sun Capital and remaining 25% was sold in 2010. Victoria’s Secret is still owned in full by Limited Brands (as is Bath and Body Works and several other brands).

Victoria’s Secret was started in 1977 by Roy Raymond. It was sold to Leslie Wexner (founder of The Limited, CEO of Limited Brands) in 1982 for either $1M or $4M. Between 1990 and 1994 (corresponding to the time of Roy Raymond’s suicide), Victoria’s Secret was the largest lingerie retailer in America and had revenues over $1B. In 1995 Victoria’s Secret was spun off from it’s parent company (at that time, The Limited Inc) as it’s own independent company called Intimate Brands Inc and posted $1.5B in sales that year (Intimate Brands Inc included VS as well as Bath & Body Works and other brands. It was owned in part by The Limited Inc). In 2002, Intimate Brands Inc was recombined into The Limited Inc and then changes its name to Limited Brands.

The stories about Roy Raymond jumping off the Golden Gate Bridge are also correct.

So, analyzing the story in The Social Network…
>> Selling Price >> Conflicting Info but $1M is the official selling price, not $4M
>> Reselling for $500M >> Not Correct, never happened
>> Original creator jumping off GG Bridge >> Correct
>> Two things being related >> Open to Interpretation

Answering the question posed in the first post >> No, Victoria’s Secret was only sold once (from Roy Raymond to The Limited Inc). It was spun off (1995) and recombined (2002) but was always owned at least in part by The Limited Inc (aka Limited Brands)


References:
Limited Brands > Timeline

http://query.nytimes.com/gst/fullpag...5AC0A965958260

http://www.fundinguniverse.com/compa...y-History.html

Victoria's Secret - Wikipedia, the free encyclopedia
Limited Brands - Wikipedia, the free encyclopedia

Fb just proves the theory imitation over innovation. No one thought they could compete with MySpace. Fb did it better and is being rewarded for it. You don't have to come up with the next big idea to be huge. MySpace was first but they primed the market for fb in my opinion.

I think the myspace situation is very interesting. It seems that they are returning to their original core competency which is Music. I think part of what made facebook outcompete myspace was the fact that it was originally focused for people to use where as Myspace was designed to promote artists. I could be wrong on this but I recently saw several myspace ads promoting a music focus signaling a return to their original premise.

he wasnt watering his fruit bearing tree as often as he should of