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The bidding on this auction did not reach the seller's reserve price.
| Site Access Verified? | No |
The seller has not yet verified that they have access to the site for sale. More info. |
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| Telephone Verified? | Yes |
The seller has linked and verified a phone number against their user account. More info. |
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| Feedback Profile? | 0% |
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site not for sale anymore
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there is a reserve, it's under a million
anyone with a serious offer is encouraged to call me on the phone, just send a private message first.
Don't get down because you didn't "perform" with one set of VC's. You've built a great product, and I think if you put together a team to join you in this you can take it to the next level. I would suggest bringing on partners with perhaps more credentials and contacts than yourself and going after funding again. Best of luck!
-Buddha
there is still a chance I might do it. boils down to the offers I receive really...
Since I cannot afford to pay you what this site is worth, here's my 2 cents:
This is a great site! It's much better than 99.9% of the garbage for sale in this forum because it's a REAL business. You should keep it for yourself. Just keep growing it until the VCs come knocking.
What % of the company does the angel investor own?
It doesn't matter what his equity is, because when you buy the site, you are buying 100% of the company, and the angel makes back a % of that price.
is this a goddamn therapy or website auction?
hahaha
I think this auction has turned into a therapy session because it's clear that the seller should keep his site! It's just sad to see a successful entrepreneur give up too soon.
I have seen a very similar thing get funding, and then the VC proceeded to make changes to the "service/product" that eventually killed the site.
Don't think that VC have the answers. They don't, they JUST have money. If you need money you need VC. But I would suggest that you check out what you can do on your own to organically grow the site, and keep thinking of ways to make money and get attention. You got it here, you can get it the rest of the way.
Now that's it for the free therapy. If you must get rid of the site, then the following is important to know for any buyer.
1. how much does the angel own. He/she can stop a transaction if they own enough, or are against it can tie you and whoever buys up in court for a very long time.
2. do you have full ownership of all of the code etc....
3. what VC have you spoken to.
4. proof of traffic and proof of ownership ( you have to verify your site... :-) )
This is an interesting site.
Yeah, keep it quiet. Put in a bid or shut the fck up.
this is the blogosphere we're talking about, people have opinions and have a habit of sharing them via comments and posts. unavoidable imo
seller are you planning to monetize the site, if yes, do it now with all this traffic your stepping over dollars to pickup pennies at $2G's a month. Why would someone by a RR without an engine?
If I'm correct, he has 8 ad spots on Entrecard that have 2 in rotation. Each spot is currently $50 a month, which makes the total monthly income $800 . If I recall, Graham did initially only have 6 ad spots at around $100 each, but lowered the price. Now I'm not sure why he lowered the price, but you could ask him.
Graham, The temptation to quit will be at it's greatest just before you are about to succeed. Best of luck.
If I were you, I'd put up a VC funding request in one of the VC communities on linkedin.com. But then, thats me.
Best of luck :)
I agree with cyberwirellc. Before you sell, may I recommend Seth Godin's book The Dip. You can read it in a couple of hours.
This is a grown man. If he wants to sell the website he will sell it.
I wish you the best of luck with this sale, Graham :), oh and by the way, you might want to verify site access as that'll certainly attract more bidders.
This is quite tempting and I am talking it over with my Partner, however, I can offer you something if you do or don't sell it" wesubmit4u.com search engine submission, domain appraisal and do-it-yourself software all at 40%off through shareasale.comand I will most likely bid at the last 2 minutes.
LOL, is the above comment a joke? You say you will bid, then you peddle some cheapy service? Im subscribing to get email updates on this
strikers1985 you'll notice that they have been spamming the sitepoint marketplace on all auctions with that BS message. Obviously they have no idea how to market a site and are just damaging their brand.
site not for sale anymore
Do you have any proof of traffic and revenues that you can display or PM?
What was the $500k used for?
is your site/concept sort of like stumpedupon?
Site Access Verified? No
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Is there a reserve, a BIN?