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DoubleClick

Ryan's early employer before the studio

16 transcript mentions
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#158Buying Michael Jordan's House (and Making a Profit), Investing in Athletes & Successful Startup-Studios1×#60YC Demo Day Startups #2, Importing Foreign Innovations & Collaborative Copywriting1×

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In the moments

2 linked receipts
Story

Kevin Ryan's pencil-and-paper studio: $300K and 6 months

Sam admires Kevin Ryan (early DoubleClick employee, ~$20M from the Google sale), who with partner Dwight writes out the math on paper, then funds a company with $300K and 6 months to show traction. Hits include MongoDB (~$21B), Business Insider, Zola, and Gilt.

“Then using that, him and this guy named Dwight would invest $300,000 and give a company 6 months to show traction. The outcome of their companies, there's a couple losers and a couple winners, probably a lot more losers than winners. But the first one is MongoDB. Which is currently publicly traded at a $21 billion valuation.”
EP 158 · 54:02 · SAM
Read at 54:02
mfmindex.com№ 0158-3242
Story

How Gilt Groupe started: a long line outside a Paris flash-sale store

Sam tells the origin of serial founder Kevin Ryan (20th DoubleClick employee, made $20M personally), who created Gilt Groupe after seeing a long line outside a Paris women's store running daily noon-only deals and deciding to bring the model to America.

“He told me that he was walking down the street in Paris and saw a long line outside of a women's store. He asked a woman, "What is this thing?" They go, "Well, they do these deals every day only for an hour at noon. They're starting to do them online, but they still do them in person." He goes, "Oh, cool. I'm going to do that in America." And that's how Gilt started.”
EP 60 · 20:51 · SAM
Read at 20:51
mfmindex.com№ 0060-1251