To this day and likely to the day I die, nobody will ever top the business trust I have in Howard Lindzon. As you may recall, I invested in a Howard Lindzon company (Wallstrip) and was right there when CBS bought the company. We did this all on a handshake.
We finally did paperwork at the end of the deal, when the sales check was cashed. It was amazing, refreshing, and powerful: A handshake.
Here’s a new lesson from the Lindzon school of I just wanna have some fun while making a few coins.
As you can read over in TechCrunch, StockTwits ‘took over’ Chart.ly which built stock charts for StockTwits, Howard’s company.
Adarsh Pallian, the creator, will put a few coins in his pocket, continue to guide the product, and split the new revenue off Chart.ly 50/50.
Lessons:
- For every ecosystem, there are opportunities. Not zillion dollar ones, perhaps, but opportunities.
- If you built it and they (the ecosystem) are busy, etc, you never know.
- “Selling” Chart.ly (ignore price) puts one in the win column. He thought up an idea, executed on it, got the attention of the ecosystem owner, and landed a win.
Some people will argue it is a low amount of money or take issue with the 50/50, maybe valid points, I have no idea. I’ll assume Adarsh is happy, Howard is happy. Terms were simple, and there is another member of the farm team with one in the win colum.
Good stuff all around.
thx rick. means a lot.
you cant say i did not bug you about stocktwits as well. You saw it pretty early :)
Posted by: howard lindzon | May 12, 2009 at 12:53