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19-Aug-2017 17:30

As companies both big and small go out of business during this great recession, I wonder which of them may yet be reborn by smart, thrifty, scrappy entrepreneurs who know how to keep costs low and, more importantly, variable.

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One of the great stories of Silicon Valley is how Josh Hannah and Jack Herrick bought e How’s assets at a distressed price after the company went out of business, turned it around with a very low cost model and sold it to Demand Media two years later for a big profit. Conventional wisdom said content was dead, and there was no way to make money on it. In my experience, the foundation of a great business depends on having a different idea from conventional wisdom and pursuing it in spite of a skeptical market.” says Josh.Their games have attracted over 85 million players worldwide and have nearly one million users playing at any one time…