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Craigslist Founder Turning Down $11 Billion!
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It's a rare person that turns down this kind of money to stand by his values. Hear from Craig Newmark - found of Craigslist, how he founded, grew and eventually exited this successful business, along with life lessons he learned along the way. Watch the full episode on our Jewish Grit podcast by Olami Mentorship - https://youtu.be/rJm_cMsIOGw?si=mM1wTj0udbSKdhop
Categories:Torah
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Auto-generated transcript. Not time-synced to the video.
A hard decision
was at that point I was approached by
VCs and bankers
who wanted to throw a lot of money at
me, billions, if I would do the usual
thing and monetize heavily. But, back in
uh Hebrew school in Morris Town, New
Jersey, the Jewish Community Center, Mr.
and Mrs. Levin in the Sunday school,
literally uh they taught me to know when
enough is enough. They also taught me uh
you should treat people like you want to
be treated.
>> Right. Well, that translates to uh
good customer service, because I want
good customer service for myself.
Knowing when enough is enough, that
meant that uh well, I
don't mind. I don't have anything
against money, but I only needed enough
for myself and maybe my family. And so,
we decided, I decided, to monetize
minimally.
And that back then it was job posting.