For those of you that don’t know what entrecard is, you can go to any mmo blog and I am sure that you will see an entrecard widget somewhere, i already have it ! :D and i must say i earned some money online

I am glad that I never invested any time or space into this whole thing. But alot of big people did, and because of that if you bought this site you sure as hell would have alot of good will along with it.

The only downside I can see with this is that because the owner had built up some very nice relationships with the likes of people like shoemoney and John Chow, I can actually see the viral effect of this website and the subsequent goodwill taking a hit from the sale.

With a site so large and a brand name so large I am surprised that a private sale could not take place and instead it has to be sold on the sitepoint marketplace?

Straight from the auction page on why I am selling:

Why am I selling:

Entrecard holds a very special place in my heart. The vision for the company is enormous: aggregating all the advertising inventories across the long tail of the blogosphere, creating a virtual economy for the blogosphere at large, and providing them with a virtual currency that integrates with all other types of services via API.

I am selling because I have come to a stalemate. Entrecard is growing fast, but I do not have the resources to put behind it. I recently met extensively with Venture Capitalists who were going to make a 700k seed investment and a 2-5m follow on Series A investment in 6 months. The deal fell through in the 11th hour, right before the terms sheet, because they lost faith in my ability to execute the plan after a series of tests in which I did not know I was being tested. The valuation we were discussing was 8 million. We were going to open a headquarters, hire 10 people, and go straight to the top. Then it fell apart, and after getting my hopes up, I just haven’t been able to get back on my feet. I’m a wreck and feeling like a failure to come so close only to drop it due to my idiocy.

If you ever want to make a sale or close a deal, dont let the rest of the world know your failures or about people that have lost their faith in you.

For the full auction listing check it out here: Entrecard.com for Sale


kg lew said... @ October 10, 2008 at 7:53 PM

i wonder who will buy this site... that person will make a lot of money in the future :)

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