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After the IPO, at the height of the bubble (March, 2000), the company was worth about 0 million, he told us.
That's when Yahoo, and a couple of other companies, came sniffing, looking to buy Launch Media.
Then a friend called him with a tip about a job at Capitol Records in L. Goldberg is a huge music lover who had at the time a 500-CD music collection.
"I have almost no musical talent, but I knew a lot about music and that’s how I got the job," he says.
The company wasn't profitable, but it was bringing in money and he could see profitability on the horizon.
So, like lots of internet companies in the heady days of 1999, he took the company public.
"Yahoo made the choice to invest in the search business" to try and rebuild it. I was still in LA and she had moved to the Bay Area," he says of their courtship. But once again, he didn't know what he was going to do with his life.
Terry Semel was hired and although buying Launch Media wasn't his idea, he did sign off on it and support the new music unit. But I got a lot of support from Terry and everybody else there," he remembers. "We built the world’s largest music site at that period of time, 60 million unique users.
"So for the first 3 to 4 years they kind of left me alone and let me build a great business at Yahoo." He and his team stayed in L. We were doing, in 2006, over 5 billion music videos a year, which doesn’t sound like much by today’s numbers but it was far and away the largest video site, period, let alone music site. It was 2007, about 8 years ago, when he grew frustrated enough at Yahoo to quit.
Dave Goldberg is half of one of Silicon Valley's most powerful couples.
He's the CEO of uber successful Valley company Survey Monkey, with an epic career that began in the Internet bubble days.