The only reason TechCrunch50 made so much money is because of the TechCrunch brand. TechCrunch had a dozen events before that, and they were all very popular.
Calacanis should have counted himself lucky to make a few million dollars and then moved on. Arrington offering him 10% (of TC stock?) for walking away was more than generous.
Calacanis just got greedy. If he was truly convinced he was such a big part of the conference he wouldn't have anything to cry about. He could start his own conference and it would be just as popular and lucrative as TC50. Of course his won't be nearly as popular or lucrative though, and he knows it.
I wonder if Calcanis didn't accept the 10% offering as his eventual intent was go for 50% with this sort of action. It's one reason not to actually accept anything, the belief that by leaving it materially open one can get more later. If he had accepted 10% would he still have the same standing to sue?
Calacanis should have counted himself lucky to make a few million dollars and then moved on. Arrington offering him 10% (of TC stock?) for walking away was more than generous.
Calacanis just got greedy. If he was truly convinced he was such a big part of the conference he wouldn't have anything to cry about. He could start his own conference and it would be just as popular and lucrative as TC50. Of course his won't be nearly as popular or lucrative though, and he knows it.