Today’s story on LiveVideo in Valleywag made me laugh, made me genuinely LOL.
Yes, LiveVideo execs are losing the plot. Consider following concept to understand my joy more: run Blogexplosion on a monthly budget of $500.
After little more than a year ago, I, and Splashpress Media, tried to buy Blogexplosion for the sum of $135.000 plus 6 months of advertising (above the fold) for LiveVideo. Almost a year later we were contacted and asked for our highest bid. We offered $75.000 for the then already fast declining platform, but LiveUniverse had other illusions.
But only then the fun started. Regularly one LiveUniverse person started to contact me, whether it was to broker a fallen platform, Blogexplosion, whether to run it. After a while I sent in a proposal, based on a monthly $2500 budget, with an initial 5 number sum to totally revive the platform and redesign this outdated 2002 nuke-alike website. Answer: too expensive.
Nevertheless LiveUniverse still hoped to recover some of the $150k invested in BE when they bought it and continued to bug me.
Bug me with the option of equity. Equity in a quickly declining platform, a platform with most features turned off already. The offered equity would obviously be performance based, 20% spread over the next four years. With a budget of $500/month.
Dearest LiveUniverse,
obviously you are too greedy to throw in a basic MacBookPro (an investment of $1999, tax deductable even), knowing that the entire monthly budget will be used for your platform.
Here’s my answer to you: get a grip.
Taxonomy: Blogexplosion, Liveuniverse, Whatevah
