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Cheddar is For Sale

cheddarapp.com

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Re: Cheddar is For Sale

#51

Post by jakemk »

Ives wrote: post #42
ricardobeat wrote: post #27

Does he really charge $1000/hour or is it a joke I didn't get? http://hire.samsoff.es/ edit: explanation http://soff.es/one-thousand-dollars-an-hour By that rate and the 800-hour figure, Cheddar would be one of the most expensive apps ever (utility vs cost).

The best sentences on that page are > This rate is designed to weed out less serious clients. Serious clients generally have more exciting projects. I'd rather not freelance. I need to focus on Cheddar. I guess now that he's no longer focussing on Cheddar he can lower his rate.

He works full-time at Seesaw now.

Re: Cheddar is For Sale

#52

Post by ferostar »

This might be considered off-topic, but i find the VentureBeat post about Cheddar's sale (http://venturebeat.com/2013/01/05/cheddar-for-sale/) really sad . The app is called a "cult classic" among "hackers and mac fans" and there's a disclosure at the end: it was written by the wife of Seesaw's founder (where Soffes currently works).

Re: Cheddar is For Sale

#54

Post by antr »

mgkimsal wrote: post #7

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…

This is the classic example of the seller mixing price (cost) with value.

You are totally right when you say "There's even more ways to spend $125k to make $18k/year" - there are plenty of corporate bonds paying a yield of 10% vs Cheddar's gross yield of 14%.

Subtract from that 14% your time, additional investment to grow user base, taxes and salary; your are left with nothing and $125k less in the bank.

Good luck to the seller, but it's a tough sale.

Re: Cheddar is For Sale

#56

Post by gte910h »

gte910h wrote: post #31
PanMan wrote: post #10

To answer a question on the page: "I'm not sure how transferring apps from one Apple ID to another works. We can figure it out though." 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).

It's been possible for awhile. It involves talking to people at apple developer support.

Why is this being downvoted? This is true. Talk to people about it, you CAN transfer an app from one account to another. This is why the kindle app is now on amazon's account instead of the company that wrote it.

I am an iOS developer and have been since before there was an official API

Re: Cheddar is For Sale

#57

Post by fendmark »

I am a Cheddar user with a free account and have to say that it really is a well designed, intuitive app.

Personally, while I really like Cheddar I do not feel that it is a service that I would ever pay a recurring fee for.

I am a pinboard, fever rss, and instapaper user and feel that all of these nominal one time investments were more than worth supporting these projects.

I could see paying a one time $30-$50 fee for Cheddar

It will definitely be interesting to see what happens.

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