Newspaper article The Evening Standard (London, England)

Schoolfriends Sell Dot-Com Company for [Pounds Sterling]97 Million

Newspaper article The Evening Standard (London, England)

Schoolfriends Sell Dot-Com Company for [Pounds Sterling]97 Million

Article excerpt

Byline: ANDR PAINE

WHEN they became roommates at a London boarding school 10 years ago, they had little idea their new friendship would prove so lucrative.

Sebastian Bishop and Daniel Ishag have sold the internet company they started in a living room three years ago - for [pounds sterling]97 million.

Mr Bishop, 29, and Mr Ishag, 30, founded internet advertising firm Espotting with Mr Ishag's brother, David. Friends and family invested in the business to help get it off the ground. Now the trio have a personal fortune of [pounds sterling]20million after merging Espotting with FindWhat.com, the US internet giant.

Despite their new-found wealth, the pair - former pupils of Highgate School - say they struggle to find time to spend it. Mr Bishop is marrying girlfriend Heidi at the weekend in France - but is taking just three days off work for his honeymoon. "She is very understanding," he said.

Like many internet entrepreneurs, they show little interest in the trappings of wealth. Mr Bishop said: "I won't deny it was a very nice day for the shareholders. It is good news but, in terms of celebrating, we don't have time to relax."

When he is not working, former advertising executive Mr Bishop, who lives in west London, says his hobby is running marathons. …

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