Is there a reserve, a BIN?
Entrecard.com Blogosphere Ad Network 80m impressions/mo
huge ad network with viral growth looking for new owner
http://entrecard.com/
Closed
This listing ended without a winner.
- Bid History:
- 0 Bids (0 Pending)
- Offer History:
- None accepted (0 Pending)
- Listed:
- Thu, 25 Sep 2008 17:29:54 GMT
Accepted Payment Methods: Electronic Transfer, Cheque
Description
site not for sale anymore
Revenue Details
n/a
Traffic Details
n/a
Questions 30 public, 3 deleted
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:08:12 GMT
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:10:45 GMT
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.
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:12:05 GMT
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
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:16:16 GMT
there is still a chance I might do it. boils down to the offers I receive really...
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:20:07 GMT
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.
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:24:09 GMT
What % of the company does the angel investor own?
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- Posted by:
- Date:
- Thu, 25 Sep 2008 18:32:26 GMT
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.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 01:49:25 GMT
is this a goddamn therapy or website auction?
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- Posted by:
- Date:
- Fri, 26 Sep 2008 02:03:13 GMT
hahaha
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- Posted by:
- Date:
- Fri, 26 Sep 2008 02:16:59 GMT
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.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 03:35:11 GMT
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.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 06:49:47 GMT
Yeah, keep it quiet. Put in a bid or shut the fck up.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 06:55:10 GMT
this is the blogosphere we're talking about, people have opinions and have a habit of sharing them via comments and posts. unavoidable imo
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- Posted by:
- Date:
- Fri, 26 Sep 2008 07:21:41 GMT
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?
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- Posted by:
- Date:
- Fri, 26 Sep 2008 08:18:33 GMT
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.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 09:37:35 GMT
Graham, The temptation to quit will be at it's greatest just before you are about to succeed. Best of luck.
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- Posted by:
- Date:
- Fri, 26 Sep 2008 18:35:36 GMT
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 :)
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- Posted by:
- Date:
- Sat, 27 Sep 2008 00:29:17 GMT
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.
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- Posted by:
- Date:
- Sat, 27 Sep 2008 03:02:39 GMT
This is a grown man. If he wants to sell the website he will sell it.
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- Posted by:
- Date:
- Sat, 27 Sep 2008 14:47:39 GMT
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.
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- Posted by:
- Date:
- Sat, 27 Sep 2008 16:27:19 GMT
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.
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- Posted by:
- Date:
- Sat, 27 Sep 2008 16:59:21 GMT
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
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- Posted by:
- Date:
- Sat, 27 Sep 2008 18:28:55 GMT
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.
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- Posted by:
- Date:
- Sat, 27 Sep 2008 19:25:50 GMT
site not for sale anymore
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- Posted by:
- Date:
- Sat, 27 Sep 2008 19:27:29 GMT
Do you have any proof of traffic and revenues that you can display or PM?
What was the $500k used for? -
- Posted by:
- Date:
- Sat, 27 Sep 2008 21:06:26 GMT
is your site/concept sort of like stumpedupon?
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- Posted by:
- Date:
- Sat, 27 Sep 2008 21:25:44 GMT
Site Access Verified? No
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