Biting the Hand That Fed You
Posted by: Stephen Wildstrom on May 15, 2008
If there is one person in the world who would seem to have reason to be grateful to Yahoo!, it’s Dallas Mavericks owner Mark Cuban. After all, it was Yahoo! that, in 1999, paid Cuban and his investors $5.9 billion for Broadcast.com. Still, Cuban has never been noted for his tact and it was only mildly surprising to see him turn up on Carl Icahn’s alternative slate of directors on his proxy fight for Yahoo!.
A somewhat more surprising name was Impact Venture Partners managing partner Adam Dell. The bio supplied by Icahn omitted one salient fact about Dell: He is Dell CEO Michael Dell’s brother. Adam Dell is, of course, his own man and has no direct connection to Dell Inc., but he did recently sell his mail services startup MessageOne to the company that bears his name for $155 million.