What's the most valuable product you can manufacture? Supercomputers? Stealth bombers? Beanie Babies? David Wetherell, 44, has figured out how to fabricate the dearest items in all the land: stock in Internet companies. As chairman and CEO of CMGI, based in Andover, Mass. Wetherell has melded together the trends and technologies of the Internet into a virtual initial-public-offering factory that analysts expect will churn out perhaps half a dozen highly lucrative offerings in the next 12 months.
There is nothing mysterious about Wetherell's business model: find promising Internet company, buy stake, fund growth, provide guidance, sell company; or take it public...
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