InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 60.28

-11.6%

12:35 PM EST

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To: mikiespeedracer who wrote (27935)	10/6/2003 1:59:49 PM
From: playavermont	Read Replies (1) of 28311

If I remember correctly Mr. Horowitz made MOST of his $$$ in March of 1999 when he accepted the Paul Allen investment. wired.com "Allen, the Microsoft co-founder who is worth more than $22 billion, also has invested $165 million in Go2Net (GNET) convertible preferred stock and has agreed to buy 1.4 million shares of common stock from executives and directors for about $135 million." Of that 1.4 Million shares "from executives and directors" I believe Mr. Horowitz made about $90 Million in that transaction and then another $20 to $30 Million over the course of the next 18 months in smaller stock sales. It seems he was one of the most successful players of that time. On a similar note... The news last winter had the old Go2net team starting a new venture and in doing so bought privately held Ah-ha.com for an undisclosed sum. The new company is named Marchex. Does anybody have any knowledge of any new developments?

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