Re:Sortfolio for sale
by famousactress on Wednesday May 04, 2011 @04:15PM
(#2515121)
37Signals is not selling Sortfolio to make money - clearly they have enough
That's a strange statement. It's also countered by the fact that they're selling the company, for money.. and that they're not interested in equity as part of the sale.
Re:Sortfolio for sale
by run4yourlives on Wednesday May 04, 2011 @05:45PM
(#2515435)
I think the OP is saying the 37s will measure the "success" of this deal on what Sortfolio becomes, not on how much they can make on the transaction. Ergo, if they believe a buyer has the chops to purchase Sortfolio and build it out different markets, they may select that buyer over one that (for example) wants to purchase it for more money and simply shut it down.
I'm not taking an opinion personally, but that's my take on the comment.
I believe they won't accept the highest bid as much as the most interesting offer. I don't mean to say they'll give it away to a small, poor startup group; but I do think their preference would be that the next owner take it to the next level both in terms of direction and financial success.
I'm actually more interested in Sortfolio now than I was before. 37Signals is in a position to be as choosy as they'd like with the future buyer. I wonder who they will choose....