Re:A Cautionary Tale from the Startup World
by AlexMuir on Sunday November 21, 2010 @02:13PM
(#1927631)
Pretty sure it's Woot. Coincidences?
1. See if you can find anything on the VCs who backed Woot. There's nothing on Crunchbase and nothing on Google. No-one is trumpeting it as a success, or even mentioning it in their (previous) portfolios.
2. Purchase price was reportedly $110m in cash - exact same number as in this post.
3. Post says firm was founded by close friends. He seems to live in Seattle, which is where Woot is/was based.
4. Current CEO of Woot, and presumably CEO at the time, has protected his tweets.
Re:A Cautionary Tale from the Startup World
by ceejayoz on Sunday November 21, 2010 @04:29PM
(#1927928)
The article says they focused on "product quality". Given that Woot's often hawking items described as "the world's crappiest projector" and refurbished items, that would seem to rule them out.
1. See if you can find anything on the VCs who backed Woot. There's nothing on Crunchbase and nothing on Google. No-one is trumpeting it as a success, or even mentioning it in their (previous) portfolios.
2. Purchase price was reportedly $110m in cash - exact same number as in this post.
3. Post says firm was founded by close friends. He seems to live in Seattle, which is where Woot is/was based.
4. Current CEO of Woot, and presumably CEO at the time, has protected his tweets.