Poor guy,
Drifting
Joined: Mar 2007
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WA Events Coordinator
Drifting
Joined: Mar 2007
Posts: 1,578
Likes: 10
WA Events Coordinator
"A 4.35-acre Lake Tahoe, Nev., compound is being offered for sale as separate lots. It was previously listed as a single property for $49.9 million, the second-most expensive listing in the area.
Owner Tom Gonzales, who co-founded Silicon Valley software company Commerce One, first listed the Incline Village estate, known as "Sierra Star," in 2007 for $65 million."
"Mr. Gonzales, 55, spent five years assembling the property and building or renovating the buildings. He planned to use the compound, where he lives now, for his family's primary residence but says he now wants to downsize and spend more time in Florida. (He also is trying to sell a home in Fort Lauderdale for $19.9 million.) Commerce One, a San Francisco business-to-business software company, filed for bankruptcy in 2004; Mr. Gonzales is in the land-development business these days."
You know someone has too much money when their home has a name. For the record, "Sierra Star" is a stupid name.
Owner Tom Gonzales, who co-founded Silicon Valley software company Commerce One, first listed the Incline Village estate, known as "Sierra Star," in 2007 for $65 million."
"Mr. Gonzales, 55, spent five years assembling the property and building or renovating the buildings. He planned to use the compound, where he lives now, for his family's primary residence but says he now wants to downsize and spend more time in Florida. (He also is trying to sell a home in Fort Lauderdale for $19.9 million.) Commerce One, a San Francisco business-to-business software company, filed for bankruptcy in 2004; Mr. Gonzales is in the land-development business these days."
You know someone has too much money when their home has a name. For the record, "Sierra Star" is a stupid name.
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Well the guy was obviously smart enough to acquire the money at one point in his career, however as a Floridian, I find it hard to believe he would want to sell that beautiful estate to spend more time in Florida. Florida is great, however I would split time if I owned a house like his.
I'm sure he's taken a hit on his real estate investments like the rest of the country, however I'm surprised he wouldn't just sell off the other parcels and keep his main house.
I'm sure he's taken a hit on his real estate investments like the rest of the country, however I'm surprised he wouldn't just sell off the other parcels and keep his main house.
Drifting
Joined: Mar 2007
Posts: 1,578
Likes: 10
WA Events Coordinator
Commerce One.
Commerce One was a pioneering e-commerce company founded in 1994 as DistriVision in Walnut Creek, California.[1]
The company was renamed Commerce One in 1997, and went public in 1999[1]. The company tripled on opening day in July 1999[1]. They were one of the darlings in the hot B2B (business-to-business) sector, and saw their stock soar from 20 to over 600 in early 2000, before it collapsed in the dot-com crash. In 2001, the company acquired Veo Systems from Asim Abdullah for $300 million.
In October 2002, the company announced that it planned to lay off 400 employees, which was 36% of its staff.
Commerce One was a pioneering e-commerce company founded in 1994 as DistriVision in Walnut Creek, California.[1]
The company was renamed Commerce One in 1997, and went public in 1999[1]. The company tripled on opening day in July 1999[1]. They were one of the darlings in the hot B2B (business-to-business) sector, and saw their stock soar from 20 to over 600 in early 2000, before it collapsed in the dot-com crash. In 2001, the company acquired Veo Systems from Asim Abdullah for $300 million.
In October 2002, the company announced that it planned to lay off 400 employees, which was 36% of its staff.
