Kiko, one of the first online Ajax calendars, gave up in the face of intense competition just a year after funding (by Ycombinator) and launch. The founders put the site up for sale on ebay…and it sold for $258,100.
The buyer was a twelve year old Toronto-based Internet company called Tucows. Tucows CEO Elliot Noss wrote about why he purchased Kiko on his blog here. Earlier this evening Michael Arrington got Elliot to speak with him about the transaction, which is attached here. Interesting facts: Tucows isn’t interested in the domain name and may sell it later, and the final price jumped over $100,000 in the final two minutes of bidding.
TechCrunch posts on Kiko are here.
Time: 19:35
Size: 4.5 MB
So if you want to hear the interview from the flip side, we spoke to one of the developers on the Web 2.0 Show recently. It is interesting to hear what they thought was their downfall.
Well, also on the flip side, and Im happy for the kiko guys - my video interview:
http://bizcast.typepad.com/clients/2006/08/inside_scoop_on.html
The guest sounded suprised that the eBay auction went up so quickly at the end of the auction. Personally, I would have thought that is a function of the eBay selling process! Any body who uses eBay knows that you wait to the last minute and put in the amount your willing to pay trying to get it in there in the last few seconds.
JMTC
Molly
PS. Mike: Why not get the latest version of Podpress and enable Audio Comments?