Feeds

Cube8 forms ‘commercial relationship’ with the teenage dotcom millionaire

But doesn't invest any money in CyberBritain

  • alert
  • submit to reddit

The essential guide to IT transformation

Internet incubator Cube8 has formed a "commercial relationship" with CyberBritain - the portal run by "teenage dotcom millionaire" Ben Cohen, who is no longer a millionaire.

Ben Cohen is famous for his JewishWeb site which was valued at £5 million during the heady days of dotcom but was ultimately shut down by a competitor. He was also the focus of a BBC documentary Trouble at the Top.

The deal will see Cube8 supremo and friend of The Reg Steve Masters take on a co-CEO role with Cohen and CyberBritain rent out offices in Cube8's London HQ. No money has changed hands, but Steve has this jargon to tell us: "We announced a strategy last year to develop a division parallel to our investment arm that would leverage our incubation portfolio to drive direct revenues into our business. This is a tangible example of that."

Or, slightly more clearly: "We are hoping to gain more benefits from this relationship than consultancy fees. The commercial relationships we're forming in the CyberBritain group will benefit the other companies in our portfolio."

Cube8 explains it was the first company to licence CyberBritain's search technology, called Hermia in March last year. Critics have pointed out the similarity between Hermia and the Open Directory Project run by Netscape. CyberBritain has also been attacked by the Jewish community due to its porn search element - its most profitable part - and claimed page impressions for the portal have also come under scrutiny.

CyberBritain has signed a deal with Affinity, which looks after the interests of 150 ISPs, and Cube8 offspring ISP BlueCarrots. It claims to be in the black.

CyberBritain chairman Gerry Defries said in the press release: "I'm delighted with this arrangement because CyberBritain was at the point where it had lots of potential deals on the table and it needed to focus on an effective course. Now we not only have an experienced player on board, but we also have
potential relationships with another 16 companies under one roof."

We understand that Ben's experience with the dotcom collapse has left him calmer and less explosive than he once was. He has retained the services of three teenage friends, none of whom could be called brats. ®

Related Stories

Teenage dotcom millionaire has trouble on TV
Fishy porn search engine launched by teenage dotcom millionaire
The teenage dotcom millionaire and his ever increasing page impressions
Teenage dotcom millionaire: Reg gets facts wrong
Teenage dot com sensation sweeps Mystery Awards
Online Jewish bun-fight erupts
Jewish Web site values teen entrepreneur at millions

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.