I thought this was a very interesting way to get rid of a company, and I wonder if we're not going to see a lot more of these. Theres probably a million different social bookmarking apps out there, and I woulnt be surprised if you'll be able to buy a few of those for under 50k
Techcrunch Ã‚Â» Blog Archive Ã‚Â» Kiko Flatlines
Online calendering company Kiko.com has decided to call it quits and put the site up for auction on eBay. They are also offering to export or delete user accounts. It looks like the Deadpool may gain another member.
I've been learning a lot about private equity, angel investing, and VC lately, and this sounds like a fairly interesting way to go about things. Maybe its just the easiest way to liquidate assets when you really need to get out. Does anyone know how people traditionally close up shop? What happened to all those startups the first time around?
Follow-up: It looks like it was sold for 250,000