

| Subject: | Re: [Syncro] Derek Drew's Syncro Yields $33 Million |
| From: | mike . |
| Date: | Wed, 9 May 2007 16:47:43 -0700 |
And we can all say We knew him when... Good going D.D. Mike On 5/9/07 4:24 PM, "Derek Drew" <derekdrew@derekmail.com> wrote: > > > > > One of the many uses that I have had for my > syncro was to drive it up into the mountains > where I could have private time to invent things > on my computer. When I started, I did not know > *what* I was going to invent; I just knew that > the syncro offered the isolation I needed for > patience and creative thinking. And I also knew > that I needed to earn a living somehow, and that > to help me solve this problem, I would use only > my mind, my computer, a fist full of credit card > credit lines, and my syncro camper. > > The product of that work was the business plan > and prototype for www.consumersearch.com. I spent > about three years in the camper doing this work. > Typically, I would park up roads that I knew > nobody else in their right mind would try to > navigate because only a syncro with a winch could > get up them, and where the creative part of me > felt safe and secure enough from sneers and interruptions to function. > > While in the woods, I also taught myself public > speaking so that I could communicate my ideas to > others and raise money. I did this by booming out > speeches to empty woods with printouts of > powerpoint slides on the forest floor for me to > speak to. I was too embarrassed to give these > speeches anywhere else, where someone could hear > the grandiose plans that I had, which seemed near > delusional at the time going by what was actually in my checking account. > > In 2000 and 2001, I gave these forest floor > presentations to 100 investors and after being > turned down about 70 times by millionaires and > venture capitalists, I succeeded in raising $1.25 > million from a small group of investors. I used > that money to launch consumersearch.com. I have > been building it since that time while trying to > read as many list mails as I could, and while > publishing the occasional vanagon and syncro > article to the lists (see some of these linked to below). > > Many of you list members know that I have been distracted lately and "busy." > > I have been busy with the sale of my company. > > This week, I sold my business to the New York > Times Company / About.com for $33 million. You > can see articles about the sale here: > > http://www.redherring.com/Article.aspx?a=22209&hed=NY+Times+Goes+Shopping > <http://www.redherring.com/Article.aspx?a=22209&hed=NY+Times+Goes+Shopping > > > > http://www.nytimes.com/2007/05/07/technology/07about.html?ex=1336190400&en=469 > aa235ab908be2&ei=5090&partner=rssuserland&emc=rss > <http://www.nytimes.com/2007/05/07/technology/07about.html?ex=1336190400&e > n=469aa235ab908be2&ei=5090&partner=rssuserland&emc=rss> > > Meanwhile, in the middle of negotiating my > company's sale, I happened to catch wind of and > acquire $150,000 of syncro specific drivetrain > and transmission-related parts headed for a > landfill in Europe, and I made a production run > of another 100 of CV-900 wheels for all the list > members who have been emailing me and asking for them. > > In the coming weeks (for the wheels) and starting > in the fall (for the syncro specific drivetrain > and transmission parts) I hope to catalog and > price these parts, and then let them out into the > community. I understand that supplies of > syncro-specific parts will begin going NLA at the > dealers soon. I purchased these parts for us. > Unfortunately, I cannot take any email requests > about them before the fall because I have other > priority issues to handle. In fact, if you don't > hear much about what parts are available until > next Thanksgiving, don't be surprised. > > After all of this is over, I hope to get back to > spending more of my time in syncro-land. > > Red Herring Article > > NY Times Goes Shopping > > Seeking growth, media firm buys ConsumerSearch.com. > May 7, 2007 > > By Ken Schachter > > Just weeks after facing down a shareholder > uprising, The New York Times went shopping, > snapping up 7-year-old ConsumerSearch.com for $33 million on Monday. > > ConsumerSearch, which rates products ranging from > leaf blowers to MP3 players by distilling > published product reviews, will be incorporated into the Times� About.com > unit. > > The move puts About.com into competition with a > host of online product review services, including > shopping search engines like E.W. Scripps� > Shopzilla, where consumers can render their > opinions; Epinions, a unit of eBay that posts > consumer reviews; and specialty publications like > CNET, whose reviewers rate the latest cell phones and printers. > > The deal�About.com�s third in the past eight > months�represents a vindication for the > minimalist approach of ConsumerSearch.com, which > outlasted well-financed rivals like Productopia. > While Productopia burned through $22 million in > venture capital, ConsumerSearch raised only $1.25 > million in an angel/venture round. In October > 2000, ConsumerSearch bought the assets of Productopia. > > �We built the business so it could be matched to > the size of the market opportunity,� co-founder > and Chief Executive Derek Drew said of his > six-person company. �We didn�t hire a director of > human resources. We didn�t do things a lot of > competitors around us were doing.� > > Scott Meyer, About.com chief executive, said the > company hopes to extend the brand of > ConsumerSearch. �By acquiring them, we could accelerate their growth,� he > said. > > ConsumerSearch has been edging toward a buy-out > since February, when Mr. Drew decided that his > talent for developing product reviewers was being > crimped by his time spent looking at spreadsheets > and fielding calls from venture capitalists. He > went to Bank of America Securities to arrange an > auction for the company, closing the deal with About.com on Friday. > > ________________________________________________________ > Derek Drew Washington, DC > derekdrew@derekmail.com <mailto:derekdrew%40derekmail.com> (NEW 4/2006) Phone > 202-966-7907 > (derekdrew@rcn.com <mailto:derekdrew%40rcn.com> is old and should be changed > to the above) > Email me for viscous coupling s (Cell 703-408-1532) > '90 Syncro Westfalia... > ...seen off-road at > http://users.rcn.com/derekdrew/Syncro_Madness_Area.htm > ...seen with 30.5" tall tires at > http://users.rcn.com/derekdrew/vanagon/images/dereks245_75_16.jpg > Note: most valuable Vanagon sites on the planet (for owners) are: > http://gerry.vanagon.com/cgi-bin/wa.exe?S1=vanagon > http://gerry.vanagon.com/files/ > http://groups.yahoo.com/group/Syncro > http://www.vanagon.com > http://www.syncro.org > Many of my Syncro list postings consolidated > http://groups.yahoo.com/group/Syncro/messagesearch?query=212-580-6486 > http://groups.yahoo.com/group/Syncro/messagesearch?query=202-966-7907 > My refrigerator article: > http://www.vanagon.com/info/articles/Refrigerator/Reefer_Madness.htm > All About 16" Wheels And The CV-900.htm > http://users.rcn.com/derekdrew/vanagon/All_About_16-Wheels_And_The_CV_900.htm > All About Viscous Couplings > http://users.rcn.com/derekdrew/vanagon/viscous_couplings_vanagon_syncro.htm > Grab rates vs rpm of VCs > http://autos.groups.yahoo.com/group/Syncro/message/17172 > Notes on off-roading and decouplers > http://autos.groups.yahoo.com/group/Syncro/message/24615 > How To Live With Heavy List Volume--Mail Filters > http://groups.yahoo.com/group/Syncro/message/7403 > My tutorial on how to strengthen your skid plates for off-road driving > http://www.syncro.photosite.com/ and after clicking on that click > on the image that says Skid Plates / Reinforcements and work your way > through the 10 photos. BE SURE to notice > the text that is below some of the > pictures, as it clarifies what the point of some of the pictures is. > My article that shows how to deal with insurance companies: > http://gerry.vanagon.com/files/auto-insurance-madness.html > To read some material about how to add a front differential lock to your > syncro > http://groups.yahoo.com/group/Syncro/message/13105 > To view Wolfgang's incredibly informative wheel article > http://users.rcn.com/derekdrew/fitbigtiresonvanagon.htm > To view Tim Smith's incredibly useful gearing calculator > http://users.rcn.com/derekdrew/syncrotireandgearratios.xls > To view two articles about how to think about > improving your gears at transmission rebuild time > http://groups.yahoo.com/group/Syncro/message/7207 > http://groups.yahoo.com/group/Syncro/message/7221 > To view an overview article about choices in larger sized tires see > http://groups.yahoo.com/group/Syncro/message/11535 > To view some 16" Trailing Arms that enable much larger tires see > > http://groups.yahoo.com/group/syncrolist/files/Wheels%2C%20Tires%20%26%20Geari > ng/Wheel%20%26%20Tire%20Photos/16_Inch_Trailing_Arm.jpg > My article about belt protectors and CV joint protectors > http://groups.yahoo.com/group/Syncro/message/6112 > SYNCRO OWNERS WHO DRIVE OFF THE ROAD: > You only get to change your ring and pinions once every 10 years > because that's how long the average syncro transmission goes before > its next rebuild. If you want bigger tires and more ground clearance > start planning your higher number ring > and pinion sets right now so you > can take advantage of your next trans rebuild. > Vanagon Vendors For Parts To Consider At Problem Time > www.van-cafe.com (parts and repairs too) > > > __._,_.___ > Messages in this topic > <http://groups.yahoo.com/group/Syncro/message/32966;_ylc=X3oDMTM0MTVzcXZnBF9TA > zk3MzU5NzE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARtc2dJZAMzMjk2NgRzZWMDZnR > yBHNsawN2dHBjBHN0aW1lAzExNzg3NTMxMDQEdHBjSWQDMzI5NjY-> (1) Reply > (via web post) > <http://groups.yahoo.com/group/Syncro/post;_ylc=X3oDMTJvOWtsbWEzBF9TAzk3MzU5Nz > E0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARtc2dJZAMzMjk2NgRzZWMDZnRyBHNsawNy > cGx5BHN0aW1lAzExNzg3NTMxMDQ-?act=reply&messageNum=32966> | Start a new > topic > <http://groups.yahoo.com/group/Syncro/post;_ylc=X3oDMTJjbnYza3NoBF9TAzk3MzU5Nz > E0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNudHBjBHN0aW1lAzEx > Nzg3NTMxMDQ-> > > Messages > <http://groups.yahoo.com/group/Syncro/messages;_ylc=X3oDMTJjM3UyYzVqBF9TAzk3Mz > U5NzE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNtc2dzBHN0aW1l > AzExNzg3NTMxMDQ-> | Files > <http://groups.yahoo.com/group/Syncro/files;_ylc=X3oDMTJkdHNnbzZqBF9TAzk3MzU5N > zE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNmaWxlcwRzdGltZQM > xMTc4NzUzMTA0> | Photos > <http://groups.yahoo.com/group/Syncro/photos;_ylc=X3oDMTJjYTJtNWg1BF9TAzk3MzU5 > NzE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNwaG90BHN0aW1lAz > ExNzg3NTMxMDQ-> | Polls > <http://groups.yahoo.com/group/Syncro/polls;_ylc=X3oDMTJkcmtpcjU5BF9TAzk3MzU5N > zE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNwb2xscwRzdGltZQM > xMTc4NzUzMTA0> | Calendar > <http://groups.yahoo.com/group/Syncro/calendar;_ylc=X3oDMTJiNXZ0NTg1BF9TAzk3Mz > U5NzE0BGdycElkAzgzNzQ5BGdycHNwSWQDMTcwOTkyNjI0MARzZWMDZnRyBHNsawNjYWwEc3RpbWUD > MTE3ODc1MzEwNA--> > > Please note that the default "Reply" function will route your reply to the > entire group. 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