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Why Slide Is Spending Its Way Through the Downturn

Posted Oct 20, 2008 04:51pm EDT by Sarah Lacy in Investing, Internet, Venture Capital, M and A, IPOs, Recession
Related: ebay, nws, goog

In a down economy do people still want to while away hours on Facebook throwing sheep? Keith Rabois, of Slide—the company that makes such seemingly frivolous applications—says yes, maybe even more so. The emphasis on utility-centric Web sites like Google and Facebook has left the value of fun somewhat underrated, he argued in a May AllThingsD.com post.

But that’s only one reason Slide is responded to the downturn by spending more money. The others include an almost-zero cost to customer acquisition and an early January 2008 $50 million funding round that gives Slide an enviable three-to-four years of funding. Amid a snowball of startup layoffs, Rabois makes Slide’s contrarian case in our final clip.

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7 Comments

Reedersong
Reedersong - Monday October 20, 2008 05:08PM EDT

Oil to 50!!

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blank
blank - Monday October 20, 2008 05:22PM EDT

this dude is telling us that slide will never make money thats all

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Eric
Eric - Monday October 20, 2008 06:41PM EDT

Economic will be worse in 2 years, Don't rush in stock market now!

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__A_YAHOO_USER__
__A_YAHOO_USER__ - Monday October 20, 2008 11:27PM EDT

You are right,it would be the case.

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Yahoo! Finance User
Yahoo! Finance User - Tuesday October 21, 2008 12:08AM EDT

wow...so in other words, you are getting capital financing for nothing and then turning that around to to finance users who pay you for nothing? That is awesome...

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Yahoo! Finance User
Yahoo! Finance User - Tuesday October 21, 2008 03:25AM EDT

i have passed the M.com in fist division with 80%marks can i job to your organization

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NTP-11021990 ( ^ - ^ )
NTP-11021990 ( ^ - ^ ) - Tuesday December 02, 2008 08:01AM EST

chào

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