Weblogs Exits EarlyBy Greg • Oct 6th, 2005 • Category: Blogging, Business, People
Paid Content reports that Weblogs, Inc is being bought by AOL. Jason Calacanis and his partner Brian Alvey have decided to exit early and take a buy out, or as Paid Content reports possibly some kind of earn out. As a business owner, that can only mean one thing, they got a sweet deal. The company is just about 2 years old with a run rate of approximately $2 million in revenues. In other words, they are just getting going. I am sure we will be hearing much more about the particulars, but it sounds like they could have a deal worth somewhere in the $20-30 million range. Not bad for a business that was started just two years ago, even if there is an incentived earn out attached to it. Nice job Jason.