Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over $10M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over $10M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> Comments on: eBay Auction of Angel-Funded Startup (Recap) http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/ Investor, Startup, & Entrepreneur Resources Thu, 02 Sep 2010 16:14:40 +0000 hourly 1 http://wordpress.org/?v=3.0 By: startupbug.com http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-251 startupbug.com Thu, 25 Feb 2010 04:25:11 +0000 http://roachpost.com/?p=1211#comment-251 <strong>eBay Auction of Angel-Funded Startup - Recap...</strong> Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB... eBay Auction of Angel-Funded Startup – Recap…

Last week my company (Open Box Technologies) put itself up for sale on eBay. I published a lengthy post here on The Roach Post the morning the auction went live that provided some background on our company’s decision to sell, along with why we chose eB…

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-244 Cameron Wed, 24 Feb 2010 17:34:39 +0000 http://roachpost.com/?p=1211#comment-244 Rick - Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow. Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn't have enough investment leftover/revenue coming in to adequately market it. That's where the story included in my original post begins. Rick – Thanks for the comment. As you said, startups oftentimes follow a different path than traditional businesses. One of the things that became apparent after we launched our first product was that we were going to be competing against other startups that had significantly more funding; the average amount of investment raised by our competitors is over M, and many of those businesses are still no where near being profitable or reaching positive cash flow.

Where does the money go? Depends on the stage of the company. In our case, we put the majority of our investment financing into product development. We were able to develop a competitive product for far less than our competitors, however once we had it launched we didn’t have enough investment leftover/revenue coming in to adequately market it. That’s where the story included in my original post begins.

]]> By: Cameron http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-243 Cameron Wed, 24 Feb 2010 17:22:51 +0000 http://roachpost.com/?p=1211#comment-243 J - We have contacted a number of potential buyers outside the eBay channel, a couple of whom we're still talking with. Issue was, most of these companies weren't interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn't identified or weren't able to reach. J – We have contacted a number of potential buyers outside the eBay channel, a couple of whom we’re still talking with. Issue was, most of these companies weren’t interested in moving forward with an merger/acquisition on the timeline we were looking at. eBay was most definitely a gambit; we saw it (more specifically the attention generated from it) as the best way to reach potential acquirers that we either hadn’t identified or weren’t able to reach.

]]> By: J Montgomery http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-241 J Montgomery Wed, 24 Feb 2010 17:02:24 +0000 http://roachpost.com/?p=1211#comment-241 Good publicity gambit I suppose. I'll come up short of calling it a stunt. Why wouldn't those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been? Good publicity gambit I suppose. I’ll come up short of calling it a stunt. Why wouldn’t those prospective acquirers have been contacted outside of the eBay channel? Or perhaps they had been?

]]> By: racy_rick http://roachpost.com/2010/02/23/ebay-auction-of-angel-funded-startup-recap/comment-page-1/#comment-237 racy_rick Wed, 24 Feb 2010 15:11:54 +0000 http://roachpost.com/?p=1211#comment-237 You seem to want a lot of money for a company that many only need 2 or 3 people to operate. Why is that? Don't you want a profitable company before you go out and seek incredible amounts of money? Is it all for marketing? I admit the frugal way to run a business is not the web way to run a business, but it results in having less people to be beholden to, and ultimately less overhead. You seem to want a lot of money for a company that many only need 2 or 3 people to operate. Why is that?

Don’t you want a profitable company before you go out and seek incredible amounts of money? Is it all for marketing? I admit the frugal way to run a business is not the web way to run a business, but it results in having less people to be beholden to, and ultimately less overhead.

]]>