Here is the guy who is taking your money! He is now ceo of intellius.
Jain, Naveen
41, Self made
Source: Software, Microsoft
Net Worth: $2,200 mil
Hometown: Medina, Washington
Marital Status: married, 3 children
Education: MA/MS from Xavier U
Raised in India, immigrated to U.S. 1982. Spent 7 years at Microsoft, left 1996: "Got tired of making billions for Bill." Founded InfoSpace with little financing: Internet content supplier provides horoscopes, stock quotes to AOL, Lycos, other Web sites. Public 1998. Fond of applying old business cliches to the Internet: "During the gold rush, the ones who made the money were the ones supplying the picks and shovels." InfoSpace isn't making any money yet—lost $22 million on sales of $37 million last year—but shareholders are: stock up 250% in the past year. Recently agreed to $4 billion merger with Go2Net. Also owns stakes in Mail.com, Xoom.com, ImageX.
0 comments