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-   -   Revver is almost dead (https://gfy.com/showthread.php?t=805719)

Davy 02-07-2008 05:00 AM
Revver is almost dead
 
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


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