Comments on: DropSend acquisition talks fall through with YouSendIt http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/ The Web Practitioner's Blog Sat, 11 Feb 2012 16:33:00 +0000 hourly 1 By: Tom Gallagher http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-334 Tom Gallagher Fri, 16 Feb 2007 16:09:38 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-334 I find this a particularly interesting read as I created a simelar system a few years ago and I know just how tough the market you are in really is. Hang in there... You have a superior product and above all, a good and fair working ethic. As a result I am sure that the right purchaser will appear in due course. Many thanks for the insightful details of the transaction. I find this a particularly interesting read as I created a simelar system a few years ago and I know just how tough the market you are in really is.

Hang in there… You have a superior product and above all, a good and fair working ethic. As a result I am sure that the right purchaser will appear in due course.

Many thanks for the insightful details of the transaction.

]]> By: Danny de Wit http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-333 Danny de Wit Mon, 08 Jan 2007 17:29:07 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-333 Hi Ryan, Interesting read, this site. You mention the value of quality statistics. What do you use for that? Server statistics, like AW Stats, or Google Analytics? Or something else completely. Thanks! Danny Hi Ryan,

Interesting read, this site.

You mention the value of quality statistics.

What do you use for that? Server statistics, like AW Stats, or Google Analytics? Or something else completely.

Thanks!
Danny

]]> By: When Fake Money is Greater Than Real Money » Wisdump http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-332 When Fake Money is Greater Than Real Money » Wisdump Thu, 04 Jan 2007 17:23:14 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-332 [...] In an interesting post last month, Ryan tells the story of a failed acquisition bid. If you are interested in business at all I suggest you give it a read. As you can see DropSend is in the black so it makes sense for it to draw some interest. The failed acquisition involved a competitor who wanted to use the service as a marketing ploy, but didn’t feel that the $1M asking price was worth it. Ryan doesn’t mention whether there were any negotiations for a lower price, but I am intrigued as to why a service that makes money can’t find a buyer and sites that have no revenue or are deep in the red get scooped up all the time. [...] [...] In an interesting post last month, Ryan tells the story of a failed acquisition bid. If you are interested in business at all I suggest you give it a read. As you can see DropSend is in the black so it makes sense for it to draw some interest. The failed acquisition involved a competitor who wanted to use the service as a marketing ploy, but didn’t feel that the $1M asking price was worth it. Ryan doesn’t mention whether there were any negotiations for a lower price, but I am intrigued as to why a service that makes money can’t find a buyer and sites that have no revenue or are deep in the red get scooped up all the time. [...]

]]> By: K http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-331 K Thu, 04 Jan 2007 16:54:56 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-331 Well, if what you said about the cost is true, then you are really in a serious business when you could bring in $20k per month. You shouldn't regret for missing this opportunity to sell DropSend. What's next? Take on YouSendIt now!!! Well, if what you said about the cost is true, then you are really in a serious business when you could bring in $20k per month.

You shouldn’t regret for missing this opportunity to sell DropSend.

What’s next?

Take on YouSendIt now!!!

]]> By: Ryan Carson http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-330 Ryan Carson Thu, 04 Jan 2007 14:32:57 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-330 <blockquote>I guess there was no NDA?</blockquote> Nope.

I guess there was no NDA?

Nope.

]]> By: Jason M. Lemkin http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-329 Jason M. Lemkin Wed, 03 Jan 2007 23:27:43 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-329 I guess there was no NDA? I guess there was no NDA?

]]> By: Ryan Carson http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-328 Ryan Carson Wed, 03 Jan 2007 21:21:20 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-328 Thanks everyone for the kind feedback. If anything, we've learned a ton from the experience. I still believe it would've been a wise investment for YouSendIt - but that's obviously their call. We're on target for bringing in $20,000+ per month by Nov 2007, so if we start putting a bit more time and effort into marketing, I believe we could start to see some serious revenue. Only time will tell! :) Thanks everyone for the kind feedback. If anything, we’ve learned a ton from the experience. I still believe it would’ve been a wise investment for YouSendIt – but that’s obviously their call.

We’re on target for bringing in $20,000+ per month by Nov 2007, so if we start putting a bit more time and effort into marketing, I believe we could start to see some serious revenue. Only time will tell! :)

]]> By: denis http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-327 denis Wed, 03 Jan 2007 19:53:53 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-327 The way I see this whole story is very positive; selling for only 1m$ would have been an error, in my opinion, since it's common to see unestablished businesses (who only have a business plan) with valuations around 1m$. Remember there's not much left after taxes, accounting and layers. Keep working hard and next time, ask for 10-15m. After all, didn't they (Yousendit) received 5m in funding, for a similar service? The way I see this whole story is very positive; selling for only 1m$ would have been an error, in my opinion, since it’s common to see unestablished businesses (who only have a business plan) with valuations around 1m$.
Remember there’s not much left after taxes, accounting and layers. Keep working hard and next time, ask for 10-15m. After all, didn’t they (Yousendit) received 5m in funding, for a similar service?

]]> By: k http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-326 k Wed, 03 Jan 2007 19:44:48 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-326 If I were a venture capitalist, I would invest that $1m in this company. Half to Carson (retain 50% share) and the other half to invest in the company, make a big marketing push. Make it big enough to attract other big players and try to get a valuation of $8-10m. It would make a healthy return of 6-8 times within 12 months. If I were a venture capitalist, I would invest that $1m in this company. Half to Carson (retain 50% share) and the other half to invest in the company, make a big marketing push. Make it big enough to attract other big players and try to get a valuation of $8-10m.

It would make a healthy return of 6-8 times within 12 months.

]]> By: Andrew http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-325 Andrew Wed, 03 Jan 2007 19:15:24 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-325 I find this blog & the other one BNA very interesting to read. This story is a great read. Sorry to hear that the sale fell thru, but to be honest I find it hard to fathom how a valuation of $1m was reached. The number of clients & revenue is tiny. I was suprised that the number was so low. Dropsend is a great app - I've used it many times, although I've never paid for it. I think the free plan is just too wide in features. I would pay a few $ for that type of service but have never needed to upgrade. Sure those very low $ plans don't have much revenue, but x 10,000 - it adds up. I find this blog & the other one BNA very interesting to read.

This story is a great read. Sorry to hear that the sale fell thru, but to be honest I find it hard to fathom how a valuation of $1m was reached. The number of clients & revenue is tiny. I was suprised that the number was so low.

Dropsend is a great app – I’ve used it many times, although I’ve never paid for it. I think the free plan is just too wide in features. I would pay a few $ for that type of service but have never needed to upgrade. Sure those very low $ plans don’t have much revenue, but x 10,000 – it adds up.

]]> By: Francis Wu http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-324 Francis Wu Wed, 03 Jan 2007 19:09:03 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-324 Thanks for the incredibly insightful post Ryan. I found this fascinating because I've worked with Khalid and YouSendIt back in the day before they got their hands on all that VC money -- I designed their first site. My experience with YSI was usually frustrating -- they didn't buy into web standards nor Web 2.0. They also had some strange ideas about usability too. I'm actually surprised that he attended the Web 2.0 Summit -- I had given him a copy of The Cluetrain Manifesto a while back and I don't think he's read it yet. Now that I'm re-reading my IM chats with Khalid, I realize that I've also done a lot of waiting myself, waiting on promises of getting hired by YSI -- which of course didn't pan out. You'll also be pleased to know that had I pointed him to the Carson Workshop MP3s last year (6th of March, 2006 to be exact) and had asked him to pay special attention to the DropSend podcast :P. I'm sorry this deal fell through, but considering the differences in business philosophies and design approaches between DropSend and YSI, I would think that it's for the best. Here's hoping that DropSend gets picked up by the right company. Hang in there and keep up with the great work! Thanks for the incredibly insightful post Ryan. I found this fascinating because I’ve worked with Khalid and YouSendIt back in the day before they got their hands on all that VC money — I designed their first site.

My experience with YSI was usually frustrating — they didn’t buy into web standards nor Web 2.0. They also had some strange ideas about usability too. I’m actually surprised that he attended the Web 2.0 Summit — I had given him a copy of The Cluetrain Manifesto a while back and I don’t think he’s read it yet.

Now that I’m re-reading my IM chats with Khalid, I realize that I’ve also done a lot of waiting myself, waiting on promises of getting hired by YSI — which of course didn’t pan out. You’ll also be pleased to know that had I pointed him to the Carson Workshop MP3s last year (6th of March, 2006 to be exact) and had asked him to pay special attention to the DropSend podcast :P.

I’m sorry this deal fell through, but considering the differences in business philosophies and design approaches between DropSend and YSI, I would think that it’s for the best. Here’s hoping that DropSend gets picked up by the right company.

Hang in there and keep up with the great work!

]]> By: wayne http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-323 wayne Wed, 03 Jan 2007 17:36:16 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-323 This is sad, I have used both DropSend and yousendit, and DropSend is by far the better product. I hope DropSend receives what it's truly worth. This is sad, I have used both DropSend and yousendit, and DropSend is by far the better product.

I hope DropSend receives what it’s truly worth.

]]> By: TechCrunch Japanese アーカイブ » 失敗に終わった企業買収の内幕を暴露 http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-322 TechCrunch Japanese アーカイブ » 失敗に終わった企業買収の内幕を暴露 Wed, 03 Jan 2007 16:51:35 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-322 [...] DropSendのファウンダー、Ryan Carsonはこれまでずっと自社の浮き沈みをブログで公表してきたが、このほどYouSendItへの売却交渉と、その失敗を長い記事にしている。 [...] [...] DropSendのファウンダー、Ryan Carsonはこれまでずっと自社の浮き沈みをブログで公表してきたが、このほどYouSendItへの売却交渉と、その失敗を長い記事にしている。 [...]

]]> By: Ryan Carson http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-321 Ryan Carson Wed, 03 Jan 2007 16:25:46 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-321 <blockquote>I wanted to extend a personal thanks to you Ryan for sharing these kinds of stories.</blockquote> Thanks Roj. <blockquote>It’s better to find out who the board are, and then pitch them on the opportunity before your primary contact speaks to them again on your behalf.</blockquote> I agree. Lesson learned :) <blockquote>Hang in there Ryan, things usually happen for a reason.</blockquote> Thanks Dave!

I wanted to extend a personal thanks to you Ryan for sharing these kinds of stories.

Thanks Roj.

It’s better to find out who the board are, and then pitch them on the opportunity before your primary contact speaks to them again on your behalf.

I agree. Lesson learned :)

Hang in there Ryan, things usually happen for a reason.

Thanks Dave!

]]> By: Martin Edenström - What.se http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-320 Martin Edenström - What.se Wed, 03 Jan 2007 15:48:45 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-320 Yeah, why bother. You still have the other two companies that are interested, right? Besides, from a Swedish perspecitive, I knew about your site, but I had never heard of DropSend.com! Yeah, why bother. You still have the other two companies that are interested, right?

Besides, from a Swedish perspecitive, I knew about your site, but I had never heard of DropSend.com!

]]> By: Dave http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-319 Dave Wed, 03 Jan 2007 14:39:35 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-319 Hang in there Ryan, things usually happen for a reason. One suggestion for next time, let the prospective buyer throw the first number on the table. Hang in there Ryan, things usually happen for a reason. One suggestion for next time, let the prospective buyer throw the first number on the table.

]]> By: Nils Köster http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-318 Nils Köster Wed, 03 Jan 2007 13:43:10 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-318 Hi there, thanks for the interessting post! I appreciated reading it. Also the posts...will keep that in mind lateron ;-). I couldn't imagine, that a service like that would be a basis for a profitable business. Regs, Nils Hi there,

thanks for the interessting post! I appreciated reading it. Also the posts…will keep that in mind lateron ;-).

I couldn’t imagine, that a service like that would be a basis for a profitable business.

Regs,
Nils

]]> By: Nick http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-317 Nick Wed, 03 Jan 2007 13:13:54 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-317 One of the oldest rules in the proverbial sales book is 'Pitch the Loop'! In the case of a board of directors like this, giving a sales pitch to one director and then having him champion your cause to the rest of them will always be a bit of a long shot. It's better to find out who the board are, and then pitch them on the opportunity before your primary contact speaks to them again on your behalf. You'll do a far better job than he will! One of the oldest rules in the proverbial sales book is ‘Pitch the Loop’!

In the case of a board of directors like this, giving a sales pitch to one director and then having him champion your cause to the rest of them will always be a bit of a long shot.

It’s better to find out who the board are, and then pitch them on the opportunity before your primary contact speaks to them again on your behalf. You’ll do a far better job than he will!

]]> By: Roj Niyogi http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-316 Roj Niyogi Wed, 03 Jan 2007 08:44:31 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-316 I wanted to extend a personal thanks to you Ryan for sharing these kinds of stories. I mentioned in a comment on the Techcrunch post that a lot of potential acquirers use an opportunity like this to gain insight into a company without real seriousness to acquire. As others have mentioned before, I'm curious as to what makes the service particularly difficult to operate and grow. It seems like it runs on its own with need of maintenance from a server admin side. Of course, this is just a 30 second analysis. :-D Roj I wanted to extend a personal thanks to you Ryan for sharing these kinds of stories. I mentioned in a comment on the Techcrunch post that a lot of potential acquirers use an opportunity like this to gain insight into a company without real seriousness to acquire.

As others have mentioned before, I’m curious as to what makes the service particularly difficult to operate and grow. It seems like it runs on its own with need of maintenance from a server admin side. Of course, this is just a 30 second analysis. :-D

Roj

]]> By: Techcrunch » Blog Archive » Anatomy Of A Failed Merger http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-315 Techcrunch » Blog Archive » Anatomy Of A Failed Merger Wed, 03 Jan 2007 08:02:47 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-315 [...] DropSend founder Ryan Carson, who has been chronicling the sale of the company, writes a long post today about how a deal fell through with YouSendIt. While its fairly unorthodox to tell the whole story as it’s happening, it certainly is an interesting marketing move and makes for great reading. One note of caution, however. Flock was not pleased to have their name brought up as a potential buyer in the original posts, and YouSendIt may not be ecstatic, either, about this recent set of events. At the very least, if you interested in keeping your dirty laundry to yourself, consider signing a nondisclosure agreement with Carson before beginning negotiations. I eagerly await the next installment of this series. DropSend Sphere It [...] [...] DropSend founder Ryan Carson, who has been chronicling the sale of the company, writes a long post today about how a deal fell through with YouSendIt. While its fairly unorthodox to tell the whole story as it’s happening, it certainly is an interesting marketing move and makes for great reading. One note of caution, however. Flock was not pleased to have their name brought up as a potential buyer in the original posts, and YouSendIt may not be ecstatic, either, about this recent set of events. At the very least, if you interested in keeping your dirty laundry to yourself, consider signing a nondisclosure agreement with Carson before beginning negotiations. I eagerly await the next installment of this series. DropSend Sphere It [...]

]]> By: Chris Hughes http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-314 Chris Hughes Mon, 01 Jan 2007 16:28:31 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-314 I just had the need to send a massive file. So I signed up for free accounts on both DropSend and YouSendIt. My mini evaluation: Speed - about the same. Usability - Dropsend Rocks, completely outclassing YouSendIt. From my perspective YouSendIt totally missed the boat when they said that they didn't "need DropSend’s technology". Seems to me that they would have totally improved their site and user experience with DropSend's Tech. Good luck in your sale! I just had the need to send a massive file. So I signed up for free accounts on both DropSend and YouSendIt. My mini evaluation: Speed – about the same. Usability – Dropsend Rocks, completely outclassing YouSendIt. From my perspective YouSendIt totally missed the boat when they said that they didn’t “need DropSend’s technology”. Seems to me that they would have totally improved their site and user experience with DropSend’s Tech.

Good luck in your sale!

]]> By: Ryan Carson http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-313 Ryan Carson Sat, 16 Dec 2006 13:03:13 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-313 <blockquote>Honestly, Carl, I have no idea how you came out with the 1M valuation for dropsend</blockquote> Who's Carl? ;)

Honestly, Carl, I have no idea how you came out with the 1M valuation for dropsend

Who’s Carl? ;)

]]> By: Gizmoojo http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-312 Gizmoojo Sat, 16 Dec 2006 03:16:36 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-312 Honestly, Carl, I have no idea how you came out with the 1M valuation for dropsend. Although the growth is there, but large file sending sites are facing tremedously competition and Dropsend's revenue does not really justify the 1M asking price. Videocodezone is listed on sitepoint for $800,000 and again, that is kind of overpriced too. I kind of agree with AndyToo that 500,000 sounds about right. Honestly, Carl, I have no idea how you came out with the 1M valuation for dropsend. Although the growth is there, but large file sending sites are facing tremedously competition and Dropsend’s revenue does not really justify the 1M asking price. Videocodezone is listed on sitepoint for $800,000 and again, that is kind of overpriced too. I kind of agree with AndyToo that 500,000 sounds about right.

]]> By: Ryan Carson http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-311 Ryan Carson Sat, 16 Dec 2006 00:13:05 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-311 <blockquote>If the talks with the other firms fall through, have you given thought to bringing on someone to manage Dropsend instead?</blockquote> Yes, we've thought about it. Thanks for the suggestion anyway.

If the talks with the other firms fall through, have you given thought to bringing on someone to manage Dropsend instead?

Yes, we’ve thought about it. Thanks for the suggestion anyway.

]]> By: Ali http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-310 Ali Fri, 15 Dec 2006 02:06:35 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-310 Best of luck Carson. I really like your positive mindset. I'm sure you're up for bigger and better things whether or not you sell this for $1m. Best of luck Carson. I really like your positive mindset. I’m sure you’re up for bigger and better things whether or not you sell this for $1m.

]]> By: Chris Schultz http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-309 Chris Schultz Thu, 14 Dec 2006 16:30:21 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-309 Hey Ryan, Wow, interesting story. Thanks for opening the kimono in your usual fashion. That's too bad, but, I'm sure that negotiations with similar levels of activity are happening with the two other buyers. Best of luck with them. My money's on you making the sale. Hey Ryan,

Wow, interesting story. Thanks for opening the kimono in your usual fashion. That’s too bad, but, I’m sure that negotiations with similar levels of activity are happening with the two other buyers. Best of luck with them. My money’s on you making the sale.

]]> By: AndyToo http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-308 AndyToo Thu, 14 Dec 2006 16:17:19 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-308 Ryan, Thanks for blogging on this, it's very interesting. One question which harks back to previous posts - how did you arrive at your valuation? That is to say, maybe (maybe) if you valued your company lower, at say 1/2 a mill or so, YouSendIt would have gone for it. It's still a sh*tload of money - mortgage paid off, holiday in the sun, happy days. Have you had restless nights about re-doing that valuation? Ryan,

Thanks for blogging on this, it’s very interesting.

One question which harks back to previous posts – how did you arrive at your valuation? That is to say, maybe (maybe) if you valued your company lower, at say 1/2 a mill or so, YouSendIt would have gone for it.

It’s still a sh*tload of money – mortgage paid off, holiday in the sun, happy days.

Have you had restless nights about re-doing that valuation?

]]> By: James Deer http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-307 James Deer Thu, 14 Dec 2006 15:45:46 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-307 What a shame Ryan, i feel really sorry for you about that, but as you have said you've learned a lot about selling business' which can't be a bad thing. I hope everything goes well with the other potential buyers! What a shame Ryan, i feel really sorry for you about that, but as you have said you’ve learned a lot about selling business’ which can’t be a bad thing. I hope everything goes well with the other potential buyers!

]]> By: Tinus http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-306 Tinus Thu, 14 Dec 2006 15:40:02 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-306 @sj I guess it's because $1M is more than a manager could make with DropSend in the next couple of years? @sj

I guess it’s because $1M is more than a manager could make with DropSend in the next couple of years?

]]> By: Chris http://thinkvitamin.com/business/dropsend-acquisition-talks-fall-through-with-yousendit/#comment-305 Chris Thu, 14 Dec 2006 15:27:44 +0000 http://carsonified.com/misc/dropsend-acquisition-talks-fall-through-with-yousendit#comment-305 I agree with SJ, it might be a better business decision to bring someone in, show them the ropes a bit, and just keep chipping away at it. This way you have a solid product that's bringing in great revenue and if you want to finance any big projects in the future, DropSend is a great asset to have to help you do that. I agree with SJ, it might be a better business decision to bring someone in, show them the ropes a bit, and just keep chipping away at it. This way you have a solid product that’s bringing in great revenue and if you want to finance any big projects in the future, DropSend is a great asset to have to help you do that.

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