Jim Buckmaster, CEO of craigslist, did a fireside chat interview with BusinessWeek editor Jessi Hempel, at The Nantucket Conference. – Don Dodge on The Next Big Thing
Craigslist‘s approach to doing business on-line is refreshing. For example I loved Jim’s response to this question.
Craigslist could generate hundreds of millions in revenue and be a public company. Why haven’t you done this? “You can’t serve two masters. You either have to serve Wall Street or
customers. We chose customers. Sure, we could generate more revenue,
but we have enough to support the things we need to do.”
Unfortunately, Craigslist shines the way it does because their approach to business is rare.