Three buyers lined up …
Just to keep you up-to-date: We’re currently in serious talks with three major buyers.
All three have agreed to a minimum bid that we’re very happy with. In addition to this, all three of these companies will take great care of our users.
However, I’m only going to let myself get excited once the money is in the bank :)
I’ve read back through the comments to previous posts and I don’t think anyone has thought that perhaps Ryan and Gill might be planning to reinvest some/all of the capital from the sale of dropsend into another webapp?
Any comments Ryan? Any other great ideas you have bubbling under?
Comment by Andy Croll — November 9, 2006 @ 8:14 am
Way to go!
Comment by Ali — November 9, 2006 @ 9:25 am
Good for you, Ryan.
Without wanting to sound too much like a suck-up, the way you run your companies, and your continual success is an inspriation to the rest of us web 2.0 entrepeneur wannabees.
Hope you make a mint.
Comment by AndyToo — November 9, 2006 @ 9:28 am
I’m very happy for you and everything, but can we have more about the facts and figures you promised? DropSend Monthly Profit was very interesting, but all of “we’ve got buyers” and the over defensive response to criticism is waring a little thin!
Comment by John — November 9, 2006 @ 11:06 am
Without wishing to be sycophantic I’m really enjoying this coverage of the proposed sale of DropSend and find your openness remarkably fresh and interesting. I’m in the process of putting a business together and I’m learning plenty from this blog (and your various other “broadcasts”) that most businesses would keep shrouded in secrecy.
Keep it up and the very best of luck to you!
Comment by Adam Kemeny — November 9, 2006 @ 11:23 am
I appreciate the kind words. Means a lot to us!
Comment by Ryan Carson — November 9, 2006 @ 3:51 pm
this is a great account so far, and I’m enjoying reading it — but I’m interested in seeing more data and stats. Once the valuation comes in, I’d like to be able to compare it to the numbers.
for instance…. how many users for the different subscription types? what percent of users upgrade? how long do they use the service before upgrading? what percent of people renew their subscriptions?
thanks!
Comment by rob — November 9, 2006 @ 4:24 pm
Ryan - what Rob said above. THAT would be VERY educational for the rest of us.
Thank you and good luck!
Comment by Jack — November 9, 2006 @ 5:56 pm
Are you guys going to release how many free users verse paid users? Did I miss it somewhere?
Comment by Bryan — November 9, 2006 @ 8:11 pm
Glad to hear things are working out. I am sure it is worth the hard work that was put into it.
Comment by Blake P — November 9, 2006 @ 9:33 pm
Since this whole BareNamedApp 2.0 site was to describe to the reader the process of selling an app, I myself would like to hear from Ryan describing the process of meeting with potential buys and that hurdles that he has faced in doing so. I would also like to hear about the negotiating process as well.
Comment by frX — November 9, 2006 @ 10:21 pm