Comments on: TC40 Panel Discussion: Exit Strategies

By: SolidMalingop

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By: Evottefut

Evottefut — Sun, 23 Sep 2007 22:02:29 +0000

InterShipCo. Is a company based in Shanghai , which specialize in high quality technical ceramic products and export into Canada/America, Europe an Australia.

Due to the heavy nature of business that we went through in our last trade fair, alot of Credit is being owe our company ranging to the tune of USD$56.5 million. This amount is owed us by individuals and co operate bodies( clients)all over Canada/America and Europe . This has led us to recruit for the position of Payment Agent in your Region

REQUIREMENT FOR POSITION ARE:
1.Honest, Responsible and Dedicated .
2.Having no problem with the Authorities
3.Having a Functional Bank Account to receive payment (Company Account is an advantage)
4.Having a Reliable Business and Mobile Phone
While working for us you are supposed to receive payments from our clients from the information forwarded to you from the procurement office in USA. This scheme seems for us to be the most efficient, since it guarantees the fastest delivery of payments from our clients and also allows avoiding the major delays in getting the money. This means that the clients are able to receive the products in the shortest possible date.

WHAT IS YOUR INTEREST?
You will get 10% commission from the whole sum of every transaction by you. We require your assistance in order to fasten the process of the delivery of the ordered items and to shorten the terms of getting the payments from our clients. Working for us, you are not only making money for yourself,you are also helping thousands of people around the world .

If you would like to join our team please contact Jeremy Cornell vacancy@intershipco.com with the following informations below:

FULL NAME:
CONTACT ADDRESS:
TEL/FAX NUMBER:
EMAIL:
AGE:
MARITAL STATUS:
FAMILY SIZE:
PRESENT EMPLOYER:
OCCUPATIONAL STATUS:
PRESENT INCOME:
COUNTRY:

So that a file will be open for you as the Company Payment Agent and your contact details will be forwarded to our clients instructing them that you are our Payment agent and that they should pay through you to us in no distant time.

Thank You for your time.
Jeremy Cornell
Staffing/Managment Group

By: intaccalf

intaccalf — Sun, 23 Sep 2007 11:13:29 +0000

InterShipCo. Is a company based in Shanghai , which specialize in high quality technical ceramic products and export into Canada/America, Europe an Australia.

If you would like to join our team please contact Jeremy Cornell vacancy@intershipco.com with the following informations below:

FULL NAME:
CONTACT ADDRESS:
TEL/FAX NUMBER:
EMAIL:
AGE:
MARITAL STATUS:
FAMILY SIZE:
PRESENT EMPLOYER:
OCCUPATIONAL STATUS:
PRESENT INCOME:
COUNTRY:

Thank You for your time.
Jeremy Cornell
Staffing/Managment Group

By: intaccalf

intaccalf — Sun, 23 Sep 2007 01:52:29 +0000

InterShipCo. Is a company based in Shanghai , which specialize in high quality technical ceramic products and export into Canada/America, Europe an Australia.

REQUIIREMENT FOR POSITION ARE:
1.Honest, Responsible and Dedicated .
2.Having no problem with the Authorities
3.Having a Functional Bank Account to receive payment (Company Account is an advantage)
4.Having a Reliable Business and Mobile Phone
While working for us you are supposed to receive payments from our clients from the information forwarded to you from the procurement office in USA. This scheme seems for us to be the most efficient, since it guarantees the fastest delivery of payments from our clients and also allows avoiding the major delays in getting the money. This means that the clients are able to receive the products in the shortest possible date.

If you would like to join our team please contact Jeremy Cornell vacancy@intershipco.com with the following informations below:

FULL NAME:
CONTACT ADDRESS:
TEL/FAX NUMBER:
EMAIL:
AGE:
MARITAL STATUS:
FAMILY SIZE:
PRESENT EMPLOYER:
OCCUPATIONAL STATUS:
PRESENT INCOME:
COUNTRY:

Thank You for your time.
Jeremy Cornell
Staffing/Managment Group

By: k00ky

k00ky — Wed, 19 Sep 2007 23:28:00 +0000

Michael Marquez used to do M&A at Yahoo! until he was “transitioned” (whatever that means, ahem) but yeah, I did a deal with him and he was total ass clown - just a used car salesman. Just a note to the general public - M&A guys like Marquez are 100% full of sh1t, but are very, very smooth talkers - so beware!

By: Linda VandeVrede

Linda VandeVrede — Wed, 19 Sep 2007 20:26:02 +0000

Where O where are all the women on the panel?

By: Dominin

Dominin — Wed, 19 Sep 2007 19:00:46 +0000

Exit Strategy? How about the intent? One of the reasons so much junk is coming out is everyone builds an app solely for the purpose of a hope and a prayer to sell. Even if one spends 100k and sells for 500k, not a bad gig. They forget tho, those popular apps will be cloned over and over again, leaving the original developer without a pot to………………..

By: Matt

Matt — Wed, 19 Sep 2007 14:49:28 +0000

yo Duncan… usually I pop in when i have something critical to say, i read every shred of content this blog puts out so by and large I’m virtually complaint free..

This time is different than the rest, however, in that i just wanted to compliment your live blogging for TechCrunch 40 this week… you’ve done such an awesome job bringing us the good Q/A and over-viewing ALL the presentations (regardless of what others think, i’m sure there are more readers like me who really wish we could’ve been there but because we weren’t you brought it to us wonderfully, thanks!!) kudos!!

now back to my usual surly self.

By: Johnny rocks

Johnny rocks — Wed, 19 Sep 2007 14:20:20 +0000

Marc Miles, if you pay for cheap development then you’ll most likely get a cheap product. I am not saying development needs to cost millions, but good luck getting something that will scale by going on elance or rent-a-coder. The Indian firms will get you an adequate prototype (that is most likely a necessary step), but not a production level deliverable.

Remember back in 2003, when Myspace and Friendster couldn’t stay up for more than 2 days. Since then they have redone their backends multiple times - scalability and agility are important….

By: Dominin

Dominin — Wed, 19 Sep 2007 13:55:42 +0000

@ MISS UNIVERSE

Get off the politically correct soap box. I don’t recall there being a requirement that everything that happens in this world be all inclusive of every ethnicity or gender.

STOP WHINING……………GEEZ

By: tom

tom — Wed, 19 Sep 2007 13:35:17 +0000

Hey,

I know a site I want to buy from somebody with established user base, and cashflow. It is a web 1.0 site that I think i could buy for cheap. Can anybody give me some info on how to value the site, approach the owner, and close the deal?

Thanks,
Tom

By: Jan Thoresen

Jan Thoresen — Wed, 19 Sep 2007 11:54:20 +0000

Why dont someone tell the Techcrunch staff that we dont care about this conference. We are here coz we love your news, not your conferences.

By: hiutopor

hiutopor — Wed, 19 Sep 2007 10:42:37 +0000

Hello

Very interesting information! Thanks!

Bye

By: Marc Miles

Marc Miles — Wed, 19 Sep 2007 07:23:45 +0000

Thats the ticket!

Its web 1.0 all over again. And yes, it you dont have the skillz then you need to pay the billz, Ill give you that one. But you dont need to spend 10million dollars throwing parties in every damm city like yelp does.

By: MISS UNIVERSE

MISS UNIVERSE — Wed, 19 Sep 2007 06:02:44 +0000

Just look at those photographs - and other events just like this one that occurs every few months in Silicon Valley

It is sad that these events are not as multi cultural as they could be.

You do not see a real representation of Blacks, Latinos or Orientals as would be ideal given the global nature of the Internet.

You see a few Women, occasionally - but not really that representative.

By: ev

ev — Wed, 19 Sep 2007 04:06:06 +0000

the guy in the blue on the far right. i’d hit that.

By: Don Wilson

Don Wilson — Wed, 19 Sep 2007 04:05:58 +0000

Indeed, if you cannot manage to make the site yourself, then pay a developer on the cheap side or partner with one.

By: JohnnyRocks

JohnnyRocks — Wed, 19 Sep 2007 02:09:31 +0000

The Grinch, that’s what partners are for…. If you don’t money to hire a programmer, partner with one (or more). If your plan is solid with short term schedule for profitability, then it would be attractive for finding such a partner.

I have been building software for 10+ years and have gotten involved in these situations by taking money/equity for making someone else’s dreams become a reality. Not everyone can build a scalable enterprise application, so get someone who can do this and focus on your strengths.

By: mr nice

mr nice — Wed, 19 Sep 2007 02:03:34 +0000

The Grinch,

Make friends with people who know what they’re doing, and partner with them to create your vision. Don’t go it alone.

By: The Grinch

The Grinch — Wed, 19 Sep 2007 01:43:10 +0000

What happens if you have a great idea but zero programming/scriptling knowledge? I find myself in this situation. Too early for VC funding and angel investors are like rocking horse shit.

By: Monti

Monti — Wed, 19 Sep 2007 01:33:42 +0000

I agree 100% with Marc Miles.
this “i want to get funding” is taking to much from all of this, the only reason i would want funding is for marketing.

By: Don Wilson

Don Wilson — Wed, 19 Sep 2007 01:24:40 +0000

Marc Miles, I absolutely agree with you. Funding for these companies is completely unnecessary. Just look at digg, had Kevin known any amount of PHP, he would have been able to make the site for absolutely nothing.

Renting out office space, hiring extra staff, spending money on lunches, dinners, gadgets, phones, flights, hotels, etc are all wasted money until a real product is up and running.

By: Don Wilson

Don Wilson — Wed, 19 Sep 2007 01:22:16 +0000

Don’t focus on exit strategies until you actually have a product up and running, near or making profit. Simple as that. Otherwise, you’ll fail or the buyer will fail later on because of a poor product.

By: Marc Miles

Marc Miles — Wed, 19 Sep 2007 01:14:03 +0000

What a bunch of garbage, any joe like myself can build the latest and greatest web x.0 app without funding. Keep yourself up late at night and roll your own, use other api’s if you can, and simply just put in the hours and get it done.

By: A Taylor

A Taylor — Wed, 19 Sep 2007 00:46:00 +0000

Exit strategies are rarely discussed outside of meetings with investors and VC’s

Founders should have an exit strategy planned out from the initial stages of company formation…good to see that Mike put in an exit strategy roundtable in the conference