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To: Spots who wrote (486)2/11/1998 7:53:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 32871
 
Hey Brad, Jeff, Jill:

After reading that MSNBC piece, I would like to congratulate you for your success and for your ethics.

My personal business experience has been that when you do hold out for the opportunity that really feels right, then you win big. If it doesn't feel right, it wasn't worth doing.

Giving up control probably means the end of SI, the success of which is based upon the sense of liberty and cooperation that we posters feel emanating from yourselves.

My instinct is that you can attract investors (ala Wit Capital) and charge periodic subscription fees without giving up control or changing SI's essence.

Best of luck and I hope SI is around for a long, long time.

P.S. Reminds me of the New Yorker Magazine being bought out a few years ago after decades of independence and literary success. I often spent the evening of its weekly arrival in my mailbox, reading and not picking up the phone. It has gone way downhill and I still mourn.

peter michaelson



To: Spots who wrote (486)2/11/1998 8:01:00 PM
From: Bill Ulrich  Read Replies (1) | Respond to of 32871
 
So you are suggesting a small annual fee&#151at least to cover operating expenses? No quibbles here. $10 per year over the user base should easily take care of that, and is cheaper than a single trade for most people.

"How to Turn SI into a Cash Cow" might be an interesting thread for somebody to start. At least it would net some intelligent input from some of SI's more financially astute (and no shortage of arguments <ggg> ).

I'm sure Jeff, Jill, and Brad have some pretty sharp ideas, though.

-MrB