Kara Swisher

Recent Posts by Kara Swisher

Stumbling Into the Arms of eBay

Last night, StumbleUpon–the site that helps you find Web sites based on recommendations from friends and other like-minded people–had a party in downtown San Francisco’s Minna Gallery to celebrate its recent acquisition by auction giant eBay and also just because it is summer.

The Canadian-born social bookmarking start-up, which launched a few years ago, came to the Bay area last year and got some fancy venture investors (Mitch Kapor, Ron Conway, Ram Shriram and others) who ponied up a couple of million dollars.

And, in your typical dot-com Cinderella story, it then proceeded to sell itself to eBay for $75 million recently, after quickly growing its user base to more than two million.

Thus: Party on, Garth!

Here’s a little video I did last night, talking to one of the impossibly young co-founders, Garrett Camp, and also StumbleUpon’s “businessman” (a code word for biz dev), David Lee.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work