Musings of a West Texas Business Venture

Carsonified .... DropSend Sale Did Not Happen

Back in November, I wrote about DropSend, a web product being sold by Carson Systems. I followed that article up with an explanation of why it was not worth the asking price of $1 million (I did actually email Ryan to find out what they were asking for the application).

As it turns out, YouSendIt, one of the "top" three buyers, who had all agreed on a lofty minimum price, also felt that it wasn't worth the asking price, and could not justify the cost.

Ryan has not updated the Blog (about the sale) in about three weeks, and one of his New Year Resolution's was to continue growing DropSend to $20K per month. With a resolution like that, one can only guess is that the other two talks have stalled also. TechCrunch.com made the same guess, and declared DropSend a "failed merger".

Perhaps I was not the only to think that $1MM asking price for a product making $70K / year was just a little much.

posted by Anthony Presley @ 8:07 PM