Categories: Tech & Society

CNET Co-Founder Halsey Minor Files for Personal Bankruptcy

The Wall Street Journal reported that tech investor and entrepreneur Halsey Minor filed for Chapter 7 bankruptcy last week in U.S. Bankruptcy Court in Los Angeles. Minor lists his liabilities as $50 million to $100 million, primarily in business debts, with assets in the $10 million to $50 million range.

This is not the first bankruptcy case for Minor–court records show cases in Virginia involving Minor Family Hotels and Carter’s Grove, a historic Virginia mansion that Minor had owned.

Minor was an early investor in Salesforce.com and founded CNET Networks, a news website that he sold to CBS in 2008 for $1.8 billion. He also founded Minor Ventures in San Francisco, a firm that made more than half a dozen investments in early-stage tech startups and sold one of them, GrandCentral Communications, to Google, which turned the technology into Google Voice.

In an email responding to questions about his bankruptcy filing, Minor wrote:

“I love being an entrepreneur even though it involves financial risk. I have been fortunate enough to play a meaningful role in building great companies like CNET Networks, salesforce.com, Rhapsody, NBCi, the service known as Google Voice and others.  

But if you win some you are going to lose some too. 

 A case might be made I should never have strayed from technology. However, I like doing things outside my comfort zone, and I believe that willingness in part accounts for my tech successes.”

 

 

Prateek Panda

Prateek is the Founder of TheTechPanda. He's passionate about technology startups and entrepreneurship and enjoys speaking to new founders every day. Prateek has also been consistently regarded as one of the top marketing experts in the region.

Recent Posts

AI Launches: Fintech, software development, search, no code, skilling, ecommerce, data storage, data center & AI research

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

13 hours ago

Empowering businesses with Unified Device Management: Streamline security & productivity across platforms

In a modern business, device diversity is not just an operational reality; it is the…

2 days ago

Can taxes cool down AI & crypto’s power hunger? The IMF’s betting on it

We already know that because of the electricity used by high-powered equipment to “mine” crypto…

3 days ago

All our eggs in one cloud: When AWS sneezed & the Internet caught a cold

The recent service outage that Amazon Web Services (AWS) experienced in the US brought several…

5 days ago

Can AI help manage the new threat to our environment caused by AI?

Can we make data centers smart and green? Warning about AI’s electricity consumption speed was…

7 days ago

New tech on the block: Fintech, crypto, cleantech, blockchain & cybersecurity

The Tech Panda takes a look at recent tech launches. Fintech: ICICI Bank & Visa…

1 week ago