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Interesting. Is there a market for shut-down services? Clearly they had "something" if people are still signing up. Might not be a $100mm exit but I'm sure some
by lmg643 12y ago
Interesting. Is there a market for shut-down services? Clearly they had "something" if people are still signing up. Might not be a $100mm exit but I'm sure someone would enjoy running this for a few million in cash each year?
- infinitone 12y agoIf i understand you correctly, you just valuated this business at 'a few million'? What makes you think its worth more than 5k?
- nols 12y agoThey didn't shut down if they were making a few million a year. They probably didn't scale nearly as well as they thought and never broke into a profit/subscriber number.
- jlarocco 12y agoThe saying, “We lose money on every sale, but make it up on volume,” comes to mind. I'm not sure "someone would enjoy running this" makes much of a difference if it can't pay the bills.