nowEurope

Yesterday I sat down with Gabor Cseh, the former director of the IWIW project at Virgo Systems. Earlier this year, Gabor and his colleagues sold Hungary’s leading social networking site to T-Online for HUF 1b (about $4.3m). I’ve invited Gabor to speak at our next Entrepreneurship Forum at the Central European University (July 11) and I wanted to hear more about his story.

One point that intrigued me is that Virgo only sold T-Online the Hungarian-language rights to IWIW, meaning they can use the code to launch similar services in Hungary’s neighbors. Can Virgo make the magic happen twice?