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For many of us, Schachter lived the great American Web 2.0 dream:
Step 1. Build an app (del.icio.us) in your spare time, and operate it from your apartment;
Step 2. Sell it to Yahoo! (rumored to be in the neighborhood of $20M . . . nice neighborhood);
Step 3. Retire (he now devotes his time to playing XBox).
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Get this. Yahoo owns tons of social networking sites. They own MyBlogLog, Flickr and Del.icio.us. They own Upcoming.org. They own Konfabulator, now known as Yahoo! Widgets which is not social networking but adds features for potential social networking applications. They own Jumpcut, the upstart video platform.
Yahoo partners with Zillow to provide estimates on real [...]
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