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!


Filed under: Uncategorized @ 9:07 am | 14 Comments

14 Comments

  1. booger Says:

    How much did the referring Web 2.0 affiliate get?

    Booger

  2. Robert Scoble Says:

    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%.

  3. innerdaemon Says:

    Surely you jest with that title? If it weren’t for the bubble they would have sold in excess of $50M.

  4. Robert Scoble Says:

    inner: of course I’m having a little fun with that title! :-)

  5. Dead2.0 » Kiko sells for $258,093 more than actual value Says:

    [...] 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… [...]

  6. Alan Wilensky Says:

    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

  7. Jeremy Wright Says:

    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.

  8. Kiko: who’s having the last laugh now? Says:

    [...] [ update: Scoble agrees ] [...]

  9. woofer Says:

    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.

  10. Mike Abundo Says:

    Emmet Shear asked me to check out Kiko earlier this year. Wonder how they’ll fare after the purchase.

  11. Sam Purtill Says:

    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.

  12. Naik’s News » Web 2 bubble ain’t popped yet: Kiko sells for $258,100 Says:

    [...] Click here for original website post by Robert Scoble and published by Naik Michel [...]

  13. Ken Schafer Says:

    Hey Robert,

    You may be interested in reading why we bought Kiko:

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

  14. Tim Shadoz Says:

    Decent sum for kiko - should at least cover their investment

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