Jonathan B. Wilson

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Jonathan Wilson is an Atlanta attorney with more than 19 years of experience guiding growing private and public companies.  He currently serves as the outside general counsel of several companies and is the former general counsel of (NASDAQ: WWWW) and EasyLink Services (NASDAQ: ESIC).  He is also the founding chair of the Renewable Energy Committee of the American Bar Association's Public Utility Section.

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Saturday, July 2, 2011

Bob Parsons Sells GoDaddy
CNBC is reporting that Bob Parsons, founder and CEO of GoDaddy, has sold his stake to a group of private investors led by KKR

GoDaddy had filed for an IPO in 2006 but later withdrew the attempt.  Parsons, a flamboyant character best known for his irreverant blog, his earring and his partnership with NASCAR driver Danica Patrick, at the time said he was pulling out of the IPO because of poor market conditions. 

Parsons, an accountant by training, resented the impact of GAAP accounting on the company's recurring revenue model, which would have forced the recognition of deferred revenue, tending to undercut the firm's valuation.

GoDaddy's aborted IPO also followed shortly after my old company - (NASDAQ: WWWW) - filed a patent infringement lawsuit against GoDaddy.  That lawsuit was settled many years later, but at the time there were some who thought that the threat of litigation also put pressure on GoDaddy to withdraw the IPO. 
8:11 am edt 

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Jonathan B. Wilson is an Atlanta attorney at the law firm of Taylor English Duma LLP.  Jonathan B. Wilson provides legal advice to investors, companies and business executives involving corporate law, securities law, SEC matters, intellectual property, website and Internet legal issues, start-ups, limited liability companies, partnerships, 1934 Act matters, outsourcing, strategic alliance agreements, contracts, and other matters of importance to growing private and publicly-traded companies.