August 17, 2006 - by jason
Richard White, one of the developers, had some more to say on this blog and surprise, surprise it was even on techcrunch (am I the only person in the world whose stomach growls when I read “crunch” or is that just the fat boy in me?)
I’m trying to figure out exactly what it is that I find fascinating about this.
Yes it’s the ebay angle.
I love it.
Even the “Condition” is stated as “Used”, and the shipping is free.
So far it’s at 0 bids with a starting bid of $49,999.99 (presumably that’s the standard supermarket trick of selling you something for $19.95; makes you feel like you’ve gotten a deal), but I’d really like to see a starting bid of $0 (go ahead and have a reserve back there) and then we can see how much it goes for.
For the buyer, what would makes this different from a typical acquisition of a seed-stage startup is that you’re only getting the application, not the team (usually you want the team), so the balancing act is whether something like this would allow a seasoned in-house team (who’d have to buy into it) to get something done faster, and therefore be cheaper than doing it all from scratch.
Well. Let’s see. There’s 8 days 23 hours left to the auction. I have my prediction.
Update: There’s one bid. 6 days, 1 hour left.