What Makes You Tick? by Michael J. Berland

Author:Michael J. Berland
Language: eng
Format: epub
Publisher: HarperCollins
Published: 2009-01-15T00:00:00+00:00

Do-Gooders

CHAPTER 25

Craig Newmark

FOUNDER AND CHAIRMAN, CRAIGSLIST

What began as a small San Francisco Web site to inform friends about local events has in a few years become nothing short of an international phenomenon. Craig Newmark, founder and chairman of the online classified advertising site craigslist.org, is one of the few dot-com success stories with a happy ending.

Newmark, an eighteen-year veteran of IBM, started the site as a hobby in 1995. Four short years later, the list had surpassed a million page views a month, prompting Newmark to quit his day job and incorporate as a for-profit.

Today, craigslist’s fifty million users click on an estimated thirty million classified postings each month at more than 500 sites in all fifty states and over fifty countries around the world, generating more than twelve billion page views. The privately held company makes all its money—some estimates put 2005 revenues in the neighborhood of $20 million—by charging below-market fees for job ads in ten cities and for brokered apartment listings in New York City.

In 2000, Newmark founded the Craigslist Foundation to provide knowledge, resources, and visibility to the next generation of nonprofit leaders. The foundation applies the spirit and values of craigslist.org to the nonprofit world; where craigslist.org is about “people helping people,” Newmark says, the Craigslist Foundation is about “helping people help.”

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