I have heard that the dotcom company lastminute.com is being sold to an American company. The two founders of the business, Brent Hoberman and Martha Lane-Fox will make about £40m between them from the sale. So far so good. The thing I can't understand though, is that the company has never made a profit. How the hell does this work then?
I am thinking of setting up an internet company which will lose as much money as possible so I can then make a few quid selling it to the Americans. Any suggestions as to what I could sell would be welcome. I have designed a nice line in chocolate fireguards for starters.
I am thinking of setting up an internet company which will lose as much money as possible so I can then make a few quid selling it to the Americans. Any suggestions as to what I could sell would be welcome. I have designed a nice line in chocolate fireguards for starters.