Web 2 bubble ain’t popped yet: Kiko sells for $258,100
How many employees did Kiko have again? Three, right? Well, they just sold their “failure” for $258,100. Not too shabby!
How many employees did Kiko have again? Three, right? Well, they just sold their “failure” for $258,100. Not too shabby!
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August 27th, 2006 at 9:47 am
How much did the referring Web 2.0 affiliate get?
Booger
August 27th, 2006 at 10:03 am
Well, sounds like eBay made more than $3,000. So, an affiliate (if the purchase came to eBay that way) would have gotten 40% of that fee. At least. Some sites/networks (if they did enough business) would have gotten more than 60%.
August 27th, 2006 at 10:03 am
Surely you jest with that title? If it weren’t for the bubble they would have sold in excess of $50M.
August 27th, 2006 at 10:05 am
inner: of course I’m having a little fun with that title! :-)
August 27th, 2006 at 10:48 am
[...] Congrats to the founders, I hope you did well. Can you send the buyers my way? I too own a domain name and would like to make a significant profit off it. For those who somehow missed it (and dear lord, how could you possibly miss it, other than the fact that it has yet to make a major news outlet), Kiko got bought yesterday. The actual sale price was $258,100, but don’t forget about the $7 domain registration fee… [...]
August 27th, 2006 at 11:37 am
I knew thye would sell it for a fiar price. And they knew too:
http://bizcast.typepad.com/clients/2006/08/inside_scoop_on.html
August 27th, 2006 at 11:40 am
I’m not sure I’d be happy as a founder. I mean, after the debt they took on, and YCombinator’s fee, the founder group probably only pulled in 70-100K or so… Which means less than 40K each.
Not bad if they’ve only been at it for 2-3 months, but anything longer than that… Well, they could have earned more working at Microsoft.
August 27th, 2006 at 5:50 pm
[...] [ update: Scoble agrees ] [...]
August 28th, 2006 at 3:43 am
I don’t think that Web 2.0 is a bubble. Kiko was like hurted child. Everybody says that it very sad that such a great product was selling for only 50K bucks. Now all blogosphere talk only ’bout Kiko sell. The buyer will be famous before he did anything good :) PR.
August 28th, 2006 at 4:26 am
Emmet Shear asked me to check out Kiko earlier this year. Wonder how they’ll fare after the purchase.
August 28th, 2006 at 4:22 pm
YCombinator wasn’t a huge owner of Kiko, nor were they asking for their money back. YCombinator is a seed company, and they understand that sometimes start ups don’t work out. But the ones that do become popular (reddit.com) make them a fortune.
September 1st, 2006 at 12:49 am
[...] Click here for original website post by Robert Scoble and published by Naik Michel [...]
September 5th, 2006 at 2:25 pm
Hey Robert,
You may be interested in reading why we bought Kiko:
http://www.tucowsblog.com/blog/_archives/2006/9/5/2297315.html
November 15th, 2007 at 1:49 pm
Decent sum for kiko - should at least cover their investment