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Drama 2.0: Thanks for your educated and insightful commentary. It is for comments like yours that I read TechCrunch’s Comments sections.

If you have a product or service to promote, creating a bix.com competition is guaranteed to build a great deal of interest in your product.

When Yahoo purchased Flickr, it was just a small hobby site with not too many viewers or members, and today its one of the largest and most popular photo sharing site, I expect bix.com to be the same for online competitions.

btw, phonezoo rules, thanks again…put up the intro to beck’s epro for those who want it (just that beat from the intro cycling for 20 seconds)

Yahoo! bought Bix (more details from TechCrunch and Mashable). Perhaps this was a defensive move in response to the Google purchase of YouTube? Or, Yahoo! could simply be expanding its arsenal of social media sites. It already……

posted at IndianBytes.c…

It’s funny that people think this is a superb idea and that it validates the market. Even a $15-$20 million acquisition for a company that had $6.77 million would NOT be a successful exit. We don’t know how much of the company investors owned, but I suppose that in the best case scenario where they took a majority stake in the company, they might have gotten out with a marginal increase in their investment, but obviously not anywhere close to the 4-5x increase they are looking for. In the more likely case that they owned a minority stake in the company, the company probably sold at a lower valuation than they invested at. Bix is a young startup, so the question is why they would sell out so quickly at such a low valuation if they really thought there was a huge opportunity here (big enough to justify a $6+ million investment). The answer: they wouldn’t. Something they saw, or didn’t see, in the development of the business must have led them to believe that it was better to sell out now and take comfy jobs at Yahoo at the expense of the upside potential you would want if you really believed that the business was going somewhere. Yahoo should have wondered about this, and while they have different goals and this may fit into their strategic plans, I don’t see a whole lot of value in this for Yahoo shareholders. Not saying they should go out any overpay for Facebook, which would be worse in my opinion, but a lot of these smaller deals aren’t doing much either.