Craigslist founder says he won't cash in(says billionaires aren't happier)

[Herman Munster]

http://today.reuters.com/news/articlenews.aspx?type=internetNews&storyid=2006-09-28T131335Z_01_L28672677_RTRUKOC_0_US-CRAIGSLIST.xml&WTmodLoc=NewsArt-R1-MostViewed-1

The founder of craigslist, the free social networking and classifieds Web site, said on Thursday he is not interested in selling out, a few hours after social networking site MySpace was valued at $15 billion.

"Who needs the money? We don't really care," Craig Newmark said in an interview at the Picnic '06 Cross Media Week conference here. "If you're living comfortably, what's the point of having more?" Newmark said. Newmark said raising the money to subsequently give it away to good causes also did not interest him.

"Finding a good cause is incredibly hard and time-consuming," he said, adding that he and Chief Executive Jim Buckmaster agree on not cashing in.

"We both know some people who own more than a billion (dollars) and they're not any the happier. They also need bodyguards," he said.

[AX10]

1. kick

[LostInAnomie]

2. I love reading stories about people that won't sell out.

It makes me smile knowing that there is something that billionaires can't buy.