He turned down $11 billion, here’s why | Craig Newmark (Craigslist Founder) скачать в хорошем качестве

He turned down $11 billion, here’s why | Craig Newmark (Craigslist Founder)

In this episode of The Eric Ries Show, I sit down with Craig Newmark, the founder of Craigslist—one of the internet’s most influential platforms. Despite its massive impact, Craigslist has remained intentionally minimalist, resisting the hyper-monetization strategies common in tech. Craig attributes his success to being in the right place at the right time, but his story reveals a deeper truth: a steadfast commitment to his values. We discuss how his moral compass shaped Craigslist, his approach to business sustainability, and his perspective on ethical entrepreneurship. In this episode, we cover: • The origins of Craigslist as a simple email newsletter • Why Craig resisted aggressive monetization and focused on community impact • The market research behind Craigslist’s minimal fees • How Craigslist maintained its mission even after Craig stepped back from leadership • Craig’s thoughts on AI, cybersecurity, and the future of journalism • How Craig’s strong relationship with customers kept him aligned with his values • Craig’s philanthropic work • Craig’s advice for new founders • And more! Editors Note: We are aware that Craig's microphone has some interference. We did all we could to clean it up as much as possible. We apologize for this and always strive for the best production quality possible. — Brought to you by: • Vanta – Automate compliance, manage risk, and prove trust—continuously https://www.vanta.com/eric • Gusto – Gusto is an easy payroll and benefits software built for small businesses. ⁠⁠Get 3 months free⁠⁠ https://www.gusto.com/eric Runway – The finance platform you don’t hate https://runway.com/?get-access=true&u... — Where to find Craig Newmark: • LinkedIn:   / craignewmark   • X: https://x.com/craignewmark Where to find Eric: • Newsletter: https://ericries.carrd.co/ • Podcast: https://ericriesshow.com/ • X:   / ericries   • LinkedIn:   / eries   — In This Episode We Cover: (00:00) Intro (03:06) The origins of Craigslist (12:20) Why Craig used email in the beginning (14:03) Lessons from Sunday school that shaped Craig’s moral compass (15:34) How Craigslist promoted community (17:42) Craig’s resistance to the allure of maximum monetization (19:44) Why Craigslist became a private business, rather than a non-profit (24:15) How monetization works at Craigslist (27:11) Why Craigslist doesn’t need to drive engagement the way social media sites do (30:54) The size and scale of Craigslist (31:47) Current threats in cybersecurity (33:44) How Craig became interested in cybersecurity (35:34) How Craigslist maintained mission alignment after Craig left management (40:54) Craig’s perspective on contentment and why he’s remained fulfilled (42:25) Advice for aspiring world-changers (47:56) Craig’s thoughts on AI (51:08) Craig’s philanthropic work with journalism (53:24) Problems in journalism today (54:37) Craig’s involvement with Donors Choose (57:14) Craig’s pigeon rescue work (58:58) Advice for new founders (1:01:02) The importance of staying close to the customer (1:05:03) The case for avoiding exploitation (1:07:16) Lightning round You can see the transcript and references at https://www.ericriesshow.com/ — Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email [email protected] Eric may be an investor in the companies discussed.