Posts tagged ec

Have $100,000 lying around? That is the minimum bid to buy Entrecard.com. I just noticed the listing on Sitepoint. I’m not sure why Graham (the founder) is selling, but it will cause BUZZ in the blog-o-sphere for sure.

Why Is Graham Selling Entrecard? (read his own words below)

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.

Sitepoint Listing Snapshot

Around since November 2007, Entrecard is quite popular with many bloggers. It has lost some steam in the last few months, but it is still a formidable property.

It averages over 3 million page views monthly, no small feat. This will be an interesting sale for sure. You can go to the Sitepoint listing, subscribe to updates, and follow along. I’m as curious as you, to see what it will fetch.