seeing Yahoo shut down GeoCities makes her feel 143 years old, “in Web years.”
Why? Because way back in January 1999, when Yahoo bought GeoCities for $5 billion in stock, Kara wrote up the Wall Street Journal‘s page one story on the sale, headling it: “Those Who Tied Fortune to GeoCities Yell Yahoo! All the Way to the Bank.”
It’s a nice amble down memory lane:
By KARA SWISHER | Staff Reporter of THE WALL STREET JOURNAL
Last spring, Thomas R. Evans was nervous about leaving his longtime job at the top of a powerful Manhattan media company for an Internet start-up near the beaches of Southern California. So he talked to his boss, real-estate and publishing tycoon Mort Zuckerman.
“I was wondering if this whole Internet thing was real and sustainable,” says Mr. Evans, then publisher of the Atlantic Monthly and U.S. News & World Report. “I wanted his blessing in a way.”
Mr. Evans got Mr. Zuckerman’s nod–and a lot more. You know the drill by now (though it may not be getting any easier to hear). He became chief executive officer of GeoCities , an electronic casbah of about 3.5 million Web sites, and helped lead its initial public offering last summer. Then Thursday, Yahoo! Inc. agreed to buy the young company for about $5 billion in stock. It means the value of Mr. Evans’s stock options soared by 65% Thursday to a dizzying $200 million.
Geocities investor Fred Wilson also has a great eulogy this morning at A VC.
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