• By Nicholas Carlson
    Apr 14, 2008 7:40 PM 4,583
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    #iac

    Is Ricky Van Veen Spending Too Much Time with Ben Silverman?

    Ben Silverman's New College Buddy

    Shimmer Shimmer Ya
    read more: #exits, #iac, #justinouellette, #muxtape, #connectedventures, #jakoblodwick, #vimeo, #valleywag

    Barry Diller is paying Jakob Lodwick more than $100,000 a year to stay away from IAC employees

    LodwickHaircutSmall.jpgWe heard Jakob Lodwick may have broken his severance agreement with IAC's Connected Ventures when he poached Vimeo Web designer Justin Ouellette to help him start Muxtape, an online mix-tapes startup. How much could the gaffe cost the Connected Ventures cofounder? Reportedly, $100,000 a year through 2011. "What a mess," an IAC exec tells us. True, but mostly for Lodwick. IAC can hire more Web designers to replace the one Lodwick's entrepreneurial ventures have cost them so far. Diller's six-figure dole will be harder for Lodwick to replace.


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