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September 29, 2012 05:00 pm GMT
Once upon a time, in 2003, there were two entrepeneurs with a dream. Their names were Evan Prodromou and Michele Ann Jenkins, and they dreamed of a collectively edited global travel guide -- a Wikipedia for travel, if you will. So they created Wikitravel. And it went over like the proverbial "lead zeppelin." Two years later, a company named Internet Brands bought it from them for $1.7 million; pretty good money for those long-lost days before the startup craze began. And Wikitravel thrived, and lo, it was good.Until Paradise came crashing down in flames.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0XRqHT3C1xo/
Lessons From The Dramatic Slow-Motion Death Of Wikitravel
Once upon a time, in 2003, there were two entrepeneurs with a dream. Their names were Evan Prodromou and Michele Ann Jenkins, and they dreamed of a collectively edited global travel guide -- a Wikipedia for travel, if you will. So they created Wikitravel. And it went over like the proverbial "lead zeppelin." Two years later, a company named Internet Brands bought it from them for $1.7 million; pretty good money for those long-lost days before the startup craze began. And Wikitravel thrived, and lo, it was good.Until Paradise came crashing down in flames.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0XRqHT3C1xo/
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