It's been six months since Kelowna residents Lane Merrifield, Lance Priebe and Dave Krysko sold Club Penguin to Walt Disney for upwards of $700 million and they've received plenty of well-deserved news coverage along the way. In this month's BC Business magazine, David Jordan checks in with Lane Merrifield, the former CEO of Club Penguin and now executive VP of the Walt Disney Internet Group to see how the last 6 months have treated him.
When you and your two co-founders started Club Penguin, did you anticipate it becoming a $350-million company? Never in a million years. In fact, to be honest with you, part of the reason we have not gone the route of venture funding or the standard business route is that we really started it as a kind of a side business, one that we hoped would serve our kids and our friends’ kids more than anything. It’s one of the reasons it’s as scalable as it is and as efficient as it is. We built the model with the hope of it being sustainable, never in a million years expecting that it would ever turn into this. It’s been a crazy rollercoaster. It’s been a lot fun.
Read the full interview here.