Derek Sivers earned $22 million from the sale of CD Baby, according
to an interview surfacing Thursday.  Sivers sold the company to Disc
Makers in early August after a seven-month closing process.  "I knew
that was about the right price," Sivers disclosed to Venture Voice. 
"We actually didn't bicker or negotiate over the price one bit, I just
set a price and they said okay."

According to Sivers, CD Baby
pulled annual, top-line revenues of roughly $100 million at the
beginning of this year, a fourfold increase over a three-year period. 
The company employed 85 people at that point. 

LINK (via Digital Music News)