Chris Hassett – PointCast Founder
Given the rise of RSS as the ‘new push’ technology, old-timers are reminiscing about the origins of push and its most notable startup – the Pointcast Network. Pointcast at one point was so wildly heralded that Wired Magazine ran a cover story proclaiming the death of the Web – it would be all push.
Word on the street is that the founder of PointCast, Chris Hassett, is living lavishly here at Trump Tower in New York. Hassett was the young founder who said nah to Ruport Murdoch’s offer to buy Pointcast for a full $450M in 1997. Hassett passed because, given the level of venture money invested in Pointcast, he didn’t think he would make enough. The company lost its luster and was eventually sold for a mere $7M.
Hassett did have one more venture in him. He founded Prizepoint which was sold to Uproar for $40M in 1999. Since then, the tech world has not heard a peep from Hassett.