Bootstrapped service MyPlayList, the free music/ Flickr mashup service we wrote about earlier this month, is on the market, but with a twist: a majority stake (51%) is being offered free to a good home.
AngentBleu writes:
I believe this application has the potential to become a hot destination (applications in the same space have very large teams and sky high valuations) however, I do not believe that I alone can manage this project.
Until now I have been developing my little applications as an ‘independent developer’ in solitude without external funds, bootstrapping them until they support themselves, which is fine as a hobby - but having already been the architect of one very successful disruptive company I am acutely aware of the many challenges that face new emerging technologies.
Thus rather than being plagued with business and political challenges for which I have no ambitions, I instead wish to remain committed to developing and hacking which is my core passion, particularly because I have other projects that I am currently developing which I believe will also be game changers within their own sectors (with verified business models).
Therefore I am looking for a partner to whom I am prepared to give full control (51%) of Myplaylist in exchange for becoming part of a larger dynamic exciting team, where I can continue exploring and developing potential prospects (with support) rather than being burdened with the ‘management’ of yet another disruptive company.
Bootstrapped startups always face a challenge of taking the service to the next level, both from a financial and manpower perspective. This is a calculated risk, but it’s an interesting experiment. I’m not sure how many people would be comfortable handing control to someone else for no upfront cash investment, but in this case AngentBleu is willing to bet that handing control to a team who can take the site to the next level will benefit him as well.
More details here and organizations interested should send a brief outlining their proposal to: support (at) myplaylist (dot) biz.
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Interesting call to subscribe… is that legal? (ipo = i publicly offer?)
That is an interesting way to take it the company on to the next level. A lot of small sites are valueless without any real number of hits but have the potential to be very big.
My site http://www.jobsplay.com fits in to this category. If we could find investment to any level we would consider it. The idea is there but without the user base we can’t get the funding so if anyone was interested in putting money in over time then we would be interested in hearing from them
Poor, poor MyPlayList. Nobody wants to play.
Harry “I know the feeling” Wang
Hey - I can offer a better deal for http://Free.TV
I am willing to let anyone use the domain Free.TV for a viable partnership
contact me at OpenDomain
It’s amazing how little one can do, and how much two can do..
AgentBleu - I absolutely love the stance you’re taking. Hopefully, for your sake, somebody will jump on the opportunity. It sounds/looks like you have a great concept in place, and it’s a matter of finding the right people to execute on the idea. If I wasn’t developing my own website, I could be very interested myself. Good luck!
Um… haven’t we been down this road? A service that relies on pirated copies can’t have a stable footing…
Dave,
I think you will find that a lot of music on this site is from users remixing their own.
Have u never heard of self promotion ?