Alan Meckler: LightReading.Com Is Sold To CMP Media

In 1999 the two founders, named above, approached me after losing their jobs at the same CMP Media that just acquired them (check out their "history" and selective memory). I gave them hours of my time and coached them on how to launch LightReading.Com --- in turn these two gentlemen made a deal with me and our then VC operation -- we would obtain a 15% interest in the "idea" for $500,000. We shook hands. We met several times. Then these two shafted us and walked out on the deal.