Metacafe Founders Cash Out Their Chips

metacafe.pngArik Czerniak and Ofer Adler, the two founders of Metacafe that are no longer involved in the day to day operations of the “Israeli Youtube”, have cashed out their shares. Each one of them made $2.5 million as reported by TheMarker, NewTeevee and TechCrunch.

Amir and Ofer had fully vested 10% of Metacafe, or 5% each (see correction in Techcrunch). which was recently valued at $5o million. I’m not sure what their motivations are for cashing out the chips, but it seems like since the $700 million Yahoo acquisition rumors back in Dec 2006, it started to look like the company was running out of exit options. Last summer Metacafe was back in the headlines following a $30 million venture capital injectio, that also brought on board CEO Erick Hachenburg, who replaced Arik Czerniak as part of the round.

I’m sure that Metacafe’s leadership would kill to have Yahoo’s offer back on the table. Do you think that Yahoo will feel the same way about Microsoft’s offer in a few years if the Microhoo deal doesn’t move forward?

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google’s first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He’s an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.

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