Comments on: Metacafe Founders Ditch, Reportedly Cash Out Their Shares For $5 Million http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/ Startup and Tech News Sat, 17 May 2008 10:20:59 +0000 http://wordpress.org/?v=2.3.3 By: Metacafe Founder’s New Startup: Clear Applications http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2299332 Metacafe Founder’s New Startup: Clear Applications Thu, 15 May 2008 18:54:15 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2299332 [...] paper The Marker is reporting (in Hebrew) that one of the Metacafe founders who recently cashed out and left has turned his attention to business recruitment [...] […] paper The Marker is reporting (in Hebrew) that one of the Metacafe founders who recently cashed out and left has turned his attention to business recruitment […]

]]> By: Jules http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2242051 Jules Thu, 01 May 2008 08:00:50 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2242051 Arik is most definitely a founder, and that's his nephew, not his son! Arik doesn't have any children. Get your facts right! Arik is most definitely a founder, and that’s his nephew, not his son! Arik doesn’t have any children. Get your facts right!

]]> By: Metacafe Founders Cash Out Their Chips | Venture Capital Cafe http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2241651 Metacafe Founders Cash Out Their Chips | Venture Capital Cafe Thu, 01 May 2008 06:10:21 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2241651 [...] Welcome. If you're new to the VC Cafe, you may want to subscribe to my RSS feed to get daily updates. Thanks for visiting!Arik Czerniak and Ofer Adler, the two founders of Metacafe that are no longer involved in the day to day operations of the “Israeli Youtube”, have cashed out their shares. Each one of them made $2.5 million as reported by TheMarker, NewTeevee and TechCrunch. [...] […] Welcome. If you’re new to the VC Cafe, you may want to subscribe to my RSS feed to get daily updates. Thanks for visiting!Arik Czerniak and Ofer Adler, the two founders of Metacafe that are no longer involved in the day to day operations of the “Israeli Youtube”, have cashed out their shares. Each one of them made $2.5 million as reported by TheMarker, NewTeevee and TechCrunch. […]

]]> By: Roundup: WB returns as a website, XBox 360 prices drop in Asia and more » VentureBeat http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234680 Roundup: WB returns as a website, XBox 360 prices drop in Asia and more » VentureBeat Wed, 30 Apr 2008 00:41:13 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234680 [...] are normal as foreign exchange rates fluctuate.Metacafe owners cash out with for $5 million — Co-founders Arik Czerniak and Ofer Adler, who together owned shares representing 5 percent of the co.... (TechCrunch cites Israeli newspaper The Marker, whose article is in Hebrew.) The site’s [...] […] are normal as foreign exchange rates fluctuate.Metacafe owners cash out with for $5 million — Co-founders Arik Czerniak and Ofer Adler, who together owned shares representing 5 percent of the co…. (TechCrunch cites Israeli newspaper The Marker, whose article is in Hebrew.) The site’s […]

]]> By: dave mcclure http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234351 dave mcclure Tue, 29 Apr 2008 21:43:53 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234351 not sure what the exact history is/was, but regardless i've met Arik before and he seemed like a relatively smart & pragmatic entrepreneur. guess they may be moving on the next (ad)venture... i wish them both luck. not sure what the exact history is/was, but regardless i’ve met Arik before and he seemed like a relatively smart & pragmatic entrepreneur. guess they may be moving on the next (ad)venture… i wish them both luck.

]]> By: Michelle Cox http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234306 Michelle Cox Tue, 29 Apr 2008 21:22:52 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234306 Hi, Michelle from Metacafe here. This matter is, of course, personal and private to the individuals. But we appreciate Arik’s contributions as the founding CEO and Ofer’s early support as an investor. We are glad we came to an amicable parting, with the support of our existing investors, the Metacafe team, and founder and Chief Product Officer Eyal Hertzog. Hi, Michelle from Metacafe here.

This matter is, of course, personal and private to the individuals. But we appreciate Arik’s contributions as the founding CEO and Ofer’s early support as an investor. We are glad we came to an amicable parting, with the support of our existing investors, the Metacafe team, and founder and Chief Product Officer Eyal Hertzog.

]]> By: Nadav http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234300 Nadav Tue, 29 Apr 2008 21:21:31 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234300 @4-chris HA! metacafe was founded in 2003. youtube was founded in 2005. now whos the clone again? @4-chris

HA! metacafe was founded in 2003. youtube was founded in 2005. now whos the clone again?

]]> By: Nick Gonzalez http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234203 Nick Gonzalez Tue, 29 Apr 2008 20:42:52 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234203 Mr. D, Check your facts. Yael Hartman (their PR rep) emailed me Arik's bio when I was covering them. Posted below. Arik Czerniak's bio: Arik Cziernak, CEO and founder, Metacafe.com: As CEO of Metacafe.com, Arik Czerniak is responsible for creating the world's largest video entertainment destination. Three years ago, Cziernak secured top-tier US funding of over $18 million since that time has become the leading authority on the viral video phenomenon. His unique filter system puts Metacafe.com above and beyond its competitors and makes it the fastest growing viral video site on the web, with over 20 million unique viewers a month as of June 2006. Cziernak was born and raised in Israel, where he served in the Israeli airforce as a captain, fighter pilot and instructor. Upon finishing his service, Cziernak joined the elite R&D program at the Israel Defense Department, completing a unique academic program spanning mathematics, physics, computer sciences, chemistry, electronics, politics and research projects based in the Hebrew University of Jerusalem. Mr. D,

Check your facts. Yael Hartman (their PR rep) emailed me Arik’s bio when I was covering them. Posted below.

Arik Czerniak’s bio:

Arik Cziernak, CEO and founder, Metacafe.com: As CEO of Metacafe.com,
Arik Czerniak is responsible for creating the world’s largest video
entertainment destination. Three years ago, Cziernak secured top-tier
US funding of over $18 million since that time has become the leading
authority on the viral video phenomenon. His unique filter system puts
Metacafe.com above and beyond its competitors and makes it the fastest
growing viral video site on the web, with over 20 million unique
viewers a month as of June 2006. Cziernak was born and raised in
Israel, where he served in the Israeli airforce as a captain, fighter
pilot and instructor. Upon finishing his service, Cziernak joined the
elite R&D program at the Israel Defense Department, completing a
unique academic program spanning mathematics, physics, computer
sciences, chemistry, electronics, politics and research projects based
in the Hebrew University of Jerusalem.

]]> By: jenkins http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234151 jenkins Tue, 29 Apr 2008 20:26:55 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2234151 Sounds like this company is going down --- fast! Sounds like this company is going down — fast!

]]> By: Erick Schonfeld http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233895 Erick Schonfeld Tue, 29 Apr 2008 18:54:29 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233895 Mr D., Hertzog, Czerniak, and Adler are all considered founders of the company: http://www.aboutus.org/MetaCafe.com "The founders are Arik Czeniak (CEO and Co-Founder), Eyal Herzog (CTO and Co-Founder), and Ofer Adler (Board Member)" Mr D., Hertzog, Czerniak, and Adler are all considered founders of the company:

http://www.aboutus.org/MetaCafe.com

“The founders are Arik Czeniak (CEO and Co-Founder), Eyal Herzog (CTO and Co-Founder), and Ofer Adler (Board Member)”

]]> By: Ha http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233858 Ha Tue, 29 Apr 2008 18:41:40 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233858 It also looks like he mated with a local native, so he is free to return to his home land with a pocket full of cash and a trophy. It also looks like he mated with a local native, so he is free to return to his home land with a pocket full of cash and a trophy.

]]> By: TechCrunch Japanese アーカイブ » ファウンダー2人がMetacafe辞任、「持ち株を計$5Mで売却」とイスラエル紙 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233829 TechCrunch Japanese アーカイブ » ファウンダー2人がMetacafe辞任、「持ち株を計$5Mで売却」とイスラエル紙 Tue, 29 Apr 2008 18:31:23 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233829 [...] [原文へ] [...] […] [原文へ] […]

]]> By: Metacafe Founders Ditch, Reportedly Cash Out Their Shares For $5 Million http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233672 Metacafe Founders Ditch, Reportedly Cash Out Their Shares For $5 Million Tue, 29 Apr 2008 17:36:37 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233672 [...] Tech Crunch The co-founders of once-hot video startup Metacafe, Arik Czerniak (pictured with his son) and Ofer Adler, have left the company and cashed out their shares for $5 million, according to an article in the Israeli paper The Marker (in Hebrew). Czerniak stepped down as CEO in February, 2007, when he was replaced by former Electronic Arts executive Erick Hachenburg, but stayed on the board. Adler was always an adviser and investor, and remains at IncrediMail, another company he co-founded long ago. Now both have severed ties with the Metacafe. An autoreply from Czerniak’s Metacafe email account says: [...] […] Tech Crunch The co-founders of once-hot video startup Metacafe, Arik Czerniak (pictured with his son) and Ofer Adler, have left the company and cashed out their shares for $5 million, according to an article in the Israeli paper The Marker (in Hebrew). Czerniak stepped down as CEO in February, 2007, when he was replaced by former Electronic Arts executive Erick Hachenburg, but stayed on the board. Adler was always an adviser and investor, and remains at IncrediMail, another company he co-founded long ago. Now both have severed ties with the Metacafe. An autoreply from Czerniak’s Metacafe email account says: […]

]]> By: Mr. D, http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233666 Mr. D, Tue, 29 Apr 2008 17:35:21 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233666 I was close to the company in the early days so i know... Metacafe has a single founder and It's Mr. Eyal Hertzog. Techcrunch got it totally wrong.. Ofer Adler was never employed by the company. He's an Investor. Arik Czerniak was recruited as a CEO after it was founded. When Mr. Czerniak joined, initial capital was raised and the core technical team was already making progress. Re-check your facts. I was close to the company in the early days so i know…

Metacafe has a single founder and It’s Mr. Eyal Hertzog.

Techcrunch got it totally wrong.. Ofer Adler was never employed by the company. He’s an Investor. Arik Czerniak was recruited as a CEO after it was founded. When Mr. Czerniak joined, initial capital was raised and the core technical team was already making progress.

Re-check your facts.

]]> By: Jay Neely http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233622 Jay Neely Tue, 29 Apr 2008 17:22:45 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233622 Erick, have you e-mailed the Series-C investors for comment? Particularly Benchmark or Accel, who worked with the founders the longest? Erick, have you e-mailed the Series-C investors for comment? Particularly Benchmark or Accel, who worked with the founders the longest?

]]> By: Metacafe Founders Cash Out « NewTeeVee http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233597 Metacafe Founders Cash Out « NewTeeVee Tue, 29 Apr 2008 17:17:05 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233597 [...] Metacafe Founders Cash Out The Metacafe founders, who were no longer involved in day-to-day operations of the company, have reportedly cashed out their shares in the company, each taking home a $2.5 million payday. This information comes from the Israeli paper TheMarker, as written up by TechCrunch. [...] […] Metacafe Founders Cash Out The Metacafe founders, who were no longer involved in day-to-day operations of the company, have reportedly cashed out their shares in the company, each taking home a $2.5 million payday. This information comes from the Israeli paper TheMarker, as written up by TechCrunch. […]

]]> By: Jay Neely http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233582 Jay Neely Tue, 29 Apr 2008 17:12:29 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233582 It sounds like despite their founder-status, they were largely removed from positions of responsibility within the company. They were disagreeing with the decisions being made, weren't meshing well with the new management, and had fully-earned the value of their equity in the company. So what's wrong with them leaving? It seems like it's better for everyone. If the new management is right about the strategy being implemented, they'll do better without dissension from the founders. And the founders are now free to put their talents to use on new projects, where they aren't restrained. It sounds like despite their founder-status, they were largely removed from positions of responsibility within the company. They were disagreeing with the decisions being made, weren’t meshing well with the new management, and had fully-earned the value of their equity in the company.

So what’s wrong with them leaving? It seems like it’s better for everyone. If the new management is right about the strategy being implemented, they’ll do better without dissension from the founders. And the founders are now free to put their talents to use on new projects, where they aren’t restrained.

]]> By: Chris http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233526 Chris Tue, 29 Apr 2008 16:52:56 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233526 5% of a clone site is worth 5M ??? I should move 5 hours north to Palo Alto. Actually I won't. Web 3.0 is coming. 5% of a clone site is worth 5M ???

I should move 5 hours north to Palo Alto. Actually I won’t. Web 3.0 is coming.

]]> By: Harry Wang http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233503 Harry Wang Tue, 29 Apr 2008 16:42:37 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233503 Congrats. Cash out with what you can feasibly get. Harry "knows you need to think realistically given what you are working with and where you are at" Wang Congrats. Cash out with what you can feasibly get.

Harry “knows you need to think realistically given what you are working with and where you are at” Wang

]]> By: Prashant http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233492 Prashant Tue, 29 Apr 2008 16:34:37 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233492 not a good example ... he should have stuck ... not a good example … he should have stuck …

]]> By: Angela Hayden http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233450 Angela Hayden Tue, 29 Apr 2008 16:12:14 +0000 http://www.techcrunch.com/2008/04/29/metacafe-founders-ditch-reportedly-cash-out-their-shares-for-5-million/#comment-2233450 is there a recession in this country? is there a recession in this country?

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