03|04|2008 2:08 pm EDT
The Rise and Fall of Geosign
The latest issue of Canada’s Financial Post Magazine focuses on the quick rise and Fall of Guelph-based Geosign, a company that raised a $160 Million USD investment from American Capital for a minority stake in the company and shortly thereafter ran into difficulties with their main business mode.
We’ll have more on this story later today.
[via Financial Post]
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2 Comments
Andrew @ Domain Name Wire
March 4, 2008 @ 2:50 pm EDT
What a fantistcally written story, the most in-depth I’ve seen on GeoSign. My favorite paragraph is:
“As for Nye? He came away from the breakup with what one former executive describes as “assets with little value” - a few domain names, such as hockey.com and golfcourses.com, a few staff and little else. He created a new company called eMedia Interactive Inc., where he is listed as chairman.”
Maybe it’s not what it could have been, but those domains are worth a lot :)
David J Castello
June 12, 2008 @ 5:11 pm EDT
Darren Cleveland first told me this story over a drink and cigar in Florida last February. I found it fascinating, although I disagree with the former executive’s description of Hockey.com and GolfCourses.com as “assets with little value.”