Calacanis calls time on the internet 'me-toos'

guardian.co.uk

2 pointsbootload3 comments

Money quote: "This is the first time I've ever said this to anybody, this is an exclusive: this will be my last company. I'm not going to do another company after this."

I'm not a giant fan of Mahalo -- don't hate it or anything, but I don't really believe in it either. Be interested to see how long Calacanis sticks to his word if it goes under.

What he means is that he's going to push Mahalo into a big enough exit so that he never has to work again.

I first read about Calacanis in a book called DIgital Hustlers (remaindered) and he used to run a newsletter in New York, which made him rich. Then he coasted for a few years, and he made millions on his last sale to AOL. He could just retire now, it seems from this interview.

I love scrappy 'operators' who reinvent themselves time after time to the jeers of those without an understanding of enterpreneurship. I don't get it either, I admit.

Best part of Digital Hustlers - a several-month, million-dollar party in New York ('Silicon Alley') which lasted right up to the bust.

Reply on news.ycombinator.com