Our fearless founder Laurel Touby's Oscar acceptance speech memo regarding yesterday's sale:

Today is probably the happiest day of my life. (Okay, second happiest. Getting married to Jon was pretty excellent.) When I put up my first web site in 1996 — or was it 1997? the records are gone — it was a humble little directory on someone else's web site. Not even a site of its own. There was no hope of a business plan, much less a profitable business. The entire reason for its existence was to help media people, myself included, meet up, hook up and share resources with one another — a social network with bare bones technology.