Web 2.0 Startup Kiko Sells On eBay: $258,100

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Web 2.0 Startup Kiko Sells On eBay: $258,100

 


For those of you that have been watching the auctioning process, the results are in.  Kiko sold its assets on eBay for what seems to be $258,100.
 
Original article I wrote on the topic:  "Hindsight 2.0:  Lessons From A Failed Web 2.0 Startup"

Candidly, this is much higher than I thought it was going to be.  I was actually a bit doubtful that even the minimum bid of $50,000 would be reached. I'm not so sure this outcome can be considered a "failure" at this point  Just a relatively low price-point exit.  If you weight this against the time and money invested in the project, it's not really that bad.

In the final lap, it looks like there were about five active bidders in the final stages. Not much else to write about, the original auction was terminated by eBay (so it had to be restarted).  If you’re curious to see the details, you can look here:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=ADME:L:LCA:US:11&item=120024164593

At this price point, my guess is that the investors likely made some money and the founders did OK too.  I’m happy to see that there was a positive outcome here.  My congrats go out to the Kiko guys.  My guess is that they’ll likely “double-down” and be using the proceeds to work on their new idea.

Posted by Dharmesh Shah on Sat, Aug 26, 2006

COMMENTS

We're pretty happy with the outcome.

posted on Saturday, August 26, 2006 at 8:07 PM by Justin


Justin: Congrats again. Look forward to seeing what you guys have up your sleeve next.

posted on Saturday, August 26, 2006 at 8:19 PM by


Wow, I was thinking it might go for $50k... but damn that's a lot for an online calendar. Espcially considering a couple of things such as the number of online calendars out there, and the fact that Kiko didn't have any working revenue model in place.

Either way, good stuff Justin!

cheers
nathan

posted on Saturday, August 26, 2006 at 10:50 PM by Nathan Waters


great job and good luck with the next one, Justin! .)

posted on Sunday, August 27, 2006 at 6:20 AM by Massimo Moruzzi


What do the buyers know that we don't?

posted on Saturday, September 02, 2006 at 2:41 PM by Johan


Johan: It may just be that they don't know much more than we do, but that they have a special purpose for the assets that brings them more value than other potential acquirers. Hence, they're willing to pay more.

posted on Saturday, September 02, 2006 at 2:48 PM by


You might be interested in knowing why we bought Kiko.

posted on Tuesday, September 05, 2006 at 6:19 PM by Ken Schafer


Doh. The URL got munged there:

http://www.tucowsblog.com/blog/_archives/2006/9/5/2297315.html

Hope that works.

posted on Tuesday, September 05, 2006 at 6:23 PM by Ken Schafer



Comments have been closed for this article.