"Reaction [beta]"
Craigslist puts users first, profit second 26 Sep 2007
From the FT's interview with Craigslist's CEO:
"Jim Buckmaster doesn't believe in maximising profits. He doesn't believe in management. He doesn't believe in brands... Hugely successful, he could also be hugely rich if he wanted to cash in his stake. Only he chooses not to...'I'm not averse to riches or profit, but not at the expense of the user.'"
[via Good Experience]
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2 comments so far
Rewardless 28 Sep 2007 04:18 PM
I take exception to that comment from Buckmaster.
Craigslist is a multi-billion dollar company that’s not nearly living up to their potential as a business, and that’s just how Craig Newmark, the founder, likes it.
For that reason alone this interview with the CEO of Craigslist should come with a disclaimer. I did him a favor by writing one :
When reading this interview please keep in mind that Craig Newmark basically hired this fella to help him retain an idealistic business model, not to grow an organization, work towards a liquidity event, or build a business.
I am not debating that he’s doing a good job maintaining the founder’s vision. What bugs me about this interview is that it seems framed as ”learn how you can build a business like craigslist by listening to this awesome CEO”.
Tessa 4 Oct 2011 06:46 PM
I guess finding useful, reliable information on the internet isn't hopesels after all.