How I made over $2 million with this blog
scripting.com
scripting.com
I don't think it has anything to do with his weblog. It has to do with the success of Blogger, and after that, blogging in general. If I had never maintained a blog, but owned the name weblogs.com, I would be 2.3 million dollars richer right now too. I seriously doubt that Verisign wanted weblogs.com because of their pingback system, seeing that it was becoming less and less relevant as Technorati and other similar sites grew.
But I do agree with his main point that his blog made money, and Dan Lyons is wrong.
It wasn't just a name sell, it was a service sell.
(That may not sound like a very difficult service, but there were scaling issues as time went on. And... at the time that it sold, $2 million wasn't much money, either.)
I believe that Verisign bought weblogs.com mainly because they wanted the name, not because of the service. The site was already losing traffic and becoming irrelevant when he sold it, due to the increasing number of much more useful related services such as Technorati. In fact, if I'm not mistaken, Technorati had a valuation of over 12 million dollars one year before Verisign bought weblogs.com for 2.3 million.
However, I think your contention that they didn't want the service is wrong, since they are still running it. Swing on over to http://www.weblogs.com and see for yourself.
You may think it was a dumb decision on their part. (I do. Weblogs.com did its thing back when the weblog world numbered in the hundreds or few thousands, but even pre-Twitter it was pretty obviously increasingly worthless at the time it was sold. Even if the tech side scaled, the social side did not.) But clearly they did want it, and still do want it enough to continue running it. (Though I wouldn't be surprised it gets shut down any day now...)
While he might be correct by saying he made it "with this blog," that entirely misses the point.
"Blogs don't make money. But people with blogs can."
Otherwise, I am constantly amazed by how dense people are about the value of internet traffic. Like just having a ton of visits is the only thing the matters. Visitor intent is just as powerful a factor in the equation.
He turned a few front page Digg stories into a blogging success story and clears a healthy 6 figures each year now.
Oh and I am, thanks.
You take what is valuable, and leave the rest. I'm far from a daily JC visitor, but I check in from time to time in order to gain new lessons on self-promotion, marketing and creative ways to bring in money that is otherwise left on the table. All things that are important to a startup founder/hacker.
Jasan Calacanis is probably the biggest whore/self-promoter out there, and while many may laugh at him, it's worked out pretty well for him so far.
what a streeeeeeetch!!
Edit: oh wait, nevermind. he made the money because he owned weblogs.com and sold it to Verisign.