Ghost of Midnight

Craigslist: Slow and Steady Wins the Race

Greg Sterling reports on his interview with Craig Newmark today… lots of good stuff.  I like this point because coincidentally we’ve been saying the same thing about Front Porch Forum…

Newmark said that “In the race between tortoise and hare, we’re the tortoise.” And he described the site’s now 12-year history as one of “slow, continuous, undramatic growth.”

Of course, craigslist is now in about 450 cities (50 more coming soon) and Kevin Abramson reports…

With 20 million monthly local visitors, Craigslist is the 28th largest Web domain in the U.S., according to Nielsen//NetRatings. And while the company does not disclose revenues, it will rake in an estimated $150 million in 2007. Not bad for a organization with 25 employees.