Revver is almost dead - GoFuckYourself.com

Davy · 02-07-2008, 05:00 AM

Quote:

CNET is reporting that video sharing site Revver is trying to sell itself for $300-500k, a measly price given its total funding of $12.7M.

The company apparently has fallen on hard times, with over half of its staff leaving in the last 18 months and having accrued a debt of $1M. So far the company has had no luck finding a buyer even at such a low offering price. Both LiveUniverse, a “network of entertainment Web sites”, and Microsoft’s Soapbox (i.e. MSN Video) have considered buying Revver but neither has bitten.

http://www.techcrunch.com/2008/02/06...void-deadpool/

The site offered ad profit sharing to their uploaders. Looks like it didn't work out for them.

Evil E · 02-07-2008, 05:03 AM

Can someone please tell me what they did with the 12.7M of funding?

Diligent · 02-07-2008, 05:12 AM

Salaries while trying to 'take off' maybe?

The typical dot-com bust method, people with untested ideas obviously still try that whole thing..

David - PG · 02-07-2008, 06:47 AM

Welcome to 2000 redux

02-07-2008, 05:12 AM	#3
Diligent Confirmed User Join Date: Aug 2003 Location: Hoy Suecia, mañana Nirvana Posts: 1,594	Salaries while trying to 'take off' maybe? The typical dot-com bust method, people with untested ideas obviously still try that whole thing.. __________________ ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~ ~¤~ ICQ# 9828 2461 ~¤~

02-07-2008, 06:47 AM	#4
David - PG Confirmed User Join Date: Mar 2004 Posts: 767	Welcome to 2000 redux __________________ perfectgonzo.com

02-07-2008, 05:03 AM	#2
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	Can someone please tell me what they did with the 12.7M of funding?