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Cheddar is For Sale
cheddarapp.com
I love Cheddar, and judging by some of the sales data shown in the TechCrunch article it doesn't exactly look like it's bleeding money.
Just curious -- why are you choosing to sell it instead of holding onto whatever passive income it generates? I love Cheddar, and judging by some of the sales data shown in the TechCrunch article it doesn't exactly look like it's bleeding money.
[1] (33,499 * 0.0262) * $1.99/month = $1,746.57. More annual accounts means less money.
Curious - are you selling because it's a flailing company with not enough revenue or because the growth is hard to handle on the development side of the company?
I'm guessing someone might buy it, but there's a heck of a lot more ways you could spend $125k building a similar company to get to profitability faster. There's even more ways to spend $125k to make $18k/year. I'll happily let you invest in my company at $125k with returns of $18k/year for few years. :)
33503 users, 2.61% are paying 'plus' customers, at, say $20/year = ~$18k in revenue. You'd need to grow and monetize that base a lot more to get back $125k purchase price. I'm guessing someone might buy it, but there's a heck of a lot more ways you could spend $125k building a similar company to get to profitability faster. There's even more ways to spend $125k to make $18k/year. I'll happily let you invest in my com…
The real value is the potential.
I'm fairly sure this is impossible. I know people (with large apps and the right contacts) that have tried, and never heard of it being possible. Unless something changed recently. You could transfer the account (unless other apps are also on it).