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

Outbound & inbound: Indian tie ups with Singapore, Indonesia, & Australia while Philippines meets Indian business group

The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…

24 hours ago

Investment temperament: NFO for 5 index funds, health funds for Early to Late-Stage Capital & to transform India’s healthcare landscape

The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…

2 days ago

Tweets, tips & trading: X doubles down on payments power play

Big Tech is no longer content with just running user feeds, they want wallets too.…

2 days ago

PayPal World: Swipe right on global shopping

Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…

5 days ago

Cheaper OTPs, smarter chats: WhatsApp takes aim at SMS dominance

The SMS as a tool to connect with customers might be coming to an end.…

5 days ago

Will our fintechs become our mobile service providers?

Looks like finance and connectivity will come together soon in our devices. Recently, UK fintech…

5 days ago