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Internet entrepreneur sells app firm for $30million - just three months after he founded it
It's a story straight from the dot-com boom - except it happened today. In January Adam Cahan came up with a social networking tool to let people tell their friends which TV shows they are watching. Just three months later he has sold his start-up company to Yahoo! for between $20million and $30million. The extraordinary deal means that for every day Mr Cahan worked on IntoNow, he earned around $30,000. He said '12 weeks might be a record of sorts’, from start-up to exit. Read More...
It's a story straight from the dot-com boom - except it happened today. In January Adam Cahan came up with a social networking tool to let people tell their friends which TV shows they are watching. Just three months later he has sold his start-up company to Yahoo! for between $20million and $30million. The extraordinary deal means that for every day Mr Cahan worked on IntoNow, he earned around $30,000. He said '12 weeks might be a record of sorts’, from start-up to exit. Read More...