Some InfoSpace IPO Stories
The 39-year-old Mr. Jain (founder of InfoSpace) has ..about $200 million, actually, after selling one-fifth of his shares.
Jean-Remy Facq, age 32, has tried to avoid selling much of the roughly 300,000 shares of InfoSpace.com now worth about $12.7 million, for which he holds options to buy at only a penny a share.
Mr. Marcus, the 24-yr old programmer …recalled... that times got so tight initially he had to sell his car, carry groceries home in his son’s stroller, and borrow from his wife’s family
“We just wanted to see what kind of houses you could get for this kind of money”. (He buys the $15 million house)
Mr Facq began borrowing so he could start scooping up a few of what Mr. Jain calls “toys” A High Definition television. A BMW sports car. A BMW sedan. A $600,000 house. A Dodge Viper with 10 cylinders and 450 horsepower
He bought a Jeep Grand Cherokee, a BMW-740 sedan (over $70,000), a used Ferrari ...a $600,000 home ..and plane tickets for twelve relatives to come visit