Is it really business sense or just being lucky to IPO in a huge bubble?
Did Broadcast.com really create value for the economy that the employees were rewarded for, or were they just on the lucky end of a huge unsustainable wealth transfer from retail investors to startup founders?
All you have to do for startup success is find an accidentally rich sucker willing to pay $10k per user.
Good on Cuban for selling to a giant fool, but I'm not sure recognizing a sucker and selling to him or her is really all that broadly translatable a skill. My guess is the problem is the too-small supply of over-wealthy suckers.
Did Broadcast.com really create value for the economy that the employees were rewarded for, or were they just on the lucky end of a huge unsustainable wealth transfer from retail investors to startup founders?