Another hero of mine

I’ve mentioned that I like Craig Newmark (of Craigslist) before. I just saw this little tidbit about him which is worth highlighting here:

The founder of craigslist, the free social networking and classifieds Web site, said on Thursday he is not interested in selling out, a few hours after social networking site MySpace was valued at $15 billion.

“Who needs the money? We don’t really care,” Craig Newmark said in an interview at the Picnic ’06 Cross Media Week conference here.

“If you’re living comfortably, what’s the point of having more?” Newmark said.


“We both know some people who own more than a billion (dollars) and they’re not any the happier. They also need bodyguards,” he said.

It’s just that this kind of attitude is so rare in the world today.

Part of it is doubtless pure pragmatism; even after the dotcom bust, web companies are prone to unjustified and insanely large valuations – see the $15 Billion quote in the article, or do a search for some of the estimations of what YouTube is worth. Newmark at least has the good sense to keep it real.

But I also believe that he really does feel that way about the potential money (overvalued or not, it’d be easy for him to find some sap to sell that company to for hundreds of millions). And it’s refreshing to hear someone in that position say that.


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