Internet Multimillionaire Halsey Minor Now Embroiled in $60 Million in Lawsuits
Halsey Minor, the 44-year-old founder of the tech news company CNet, is currently being sued for $60 million dollars, by a variety of creditors, at least one of which suggests that he doesn't have the money to pay what he owes. If true, the speed at which Minor has built up, then torn through, his assets is breathtaking. As readers of this column will likely know, in recent years, Minor has been running Minor Ventures in San Francisco, a venture capital fund that Minor has funded himself. He’s also been living like a billionaire, a point I made in a Portfolio magazine profile of Minor last fall. There’s little question that Minor has done exceedingly well for himself at varying points in his career. At age 35, he walked away from CNet in 2000 with a stake worth well over $100 million. Minor made another $300 million as an early investor in Salesforce.com, though he and his first wife Deborah split those assets when they divorced in 2006.
