Comments on: Spotplex Suffers Identity Crisis, Stumbles Into DeadPool

By: Spotplex can't find its groove, forced to close | Blogging

Spotplex can't find its groove, forced to close | Blogging — Sun, 11 May 2008 07:05:25 +0000

[...] TechCrunch is reporting that the reason for Spotplex’s shuttering is “lack of adequate funding.” Whether that means that they failed to find additional investors for the startup or that their money was poorly managed is unclear right now. I tend to think that the lack of funding might be attributed to the site not catching on as well as expected. [...]

By: SpotPlex Closed Down « Matt's Blog

SpotPlex Closed Down « Matt's Blog — Sun, 11 May 2008 06:01:46 +0000

[...] reports that SpotPlex ultimately closed down due to insufficient [...]

By: Spotplex falls into the Deadpool | Widgets Lab

Spotplex falls into the Deadpool | Widgets Lab — Sun, 11 May 2008 04:15:43 +0000

[...] now made “official” by techcrunch, Spotplex is now water under the bridge. sad because i liked the widget. i think it served a useful [...]

By: dEEPS

dEEPS — Sat, 10 May 2008 19:14:43 +0000

thats bad, hope Doyon is back with something cooler

By: Me

Me — Sat, 10 May 2008 17:38:08 +0000

2000 visitors a day are nothing… You can’t earn money with those. But better fold early than spending even more money into it.

By: phenom

phenom — Sat, 10 May 2008 17:02:14 +0000

Sad to see them go

By: Fabio

Fabio — Sat, 10 May 2008 08:57:44 +0000

Shame! It sounded like a cool idea to me… and sharing the same back end for both services was clever.

By: Cam

Cam — Sat, 10 May 2008 07:03:23 +0000

Rashmi Ranjan <- is an idiot.

a blog / basic site with no editors and dev saleries. Yes
A scalable solution that fits their product niche. No

50k your a Joke!

By: YouYap.com

YouYap.com — Sat, 10 May 2008 06:37:26 +0000

Thats alot of money dude. Alot of people run website with almost nothing. I can get same amount of traffic with alot less money. Are you selling your domain?

By: Jeremy

Jeremy — Sat, 10 May 2008 05:47:07 +0000

I think this says it all, really:
http://www.quan...om/spotplex.com

The number one issue I’ve seen when start ups go down: lack of traction. After a year if a social site can’t really gain some momentum…they really shouldn’t look for another round of funding.

Even if the quantcast numbers are way off…60K visitors, monthly, is only 2K per day. When you add up the team involved + friends & family…that should account for a few dozen, minimum.

Sad, though, to see a business shut down. I hope that the team involved is moving on to bigger & better things.

By: Mike

Mike — Sat, 10 May 2008 05:37:40 +0000

I wonder how Spotplex spent their money… $350k is enough, but not alot. They had to be conservative in their spendings in my opinion, and from the looks of it, that never happened.

By: Web 2.0 Asia

Web 2.0 Asia — Sat, 10 May 2008 05:34:33 +0000

italki is the language learning 2.0…

Shanghai-based italki is “applying Web 2.0 concepts, such as social networking, user-generated content, and crowdsourcing, to language learning.” Founded by American and Chinese entrepreneurs, italki has 210,000+ users from 100+ countries speaking 90…

By: Rashmi Ranjan

Rashmi Ranjan — Sat, 10 May 2008 05:28:15 +0000

$350k dollars is not enough to sustain ….

If a website can not sustain itself with that much funding …. they need to fold ….

with even a funding of $50k …. i can start a website and run it for 3 years without any source of income ….

a serious look has to be taken into the development cost ….

By: Mike

Mike — Sat, 10 May 2008 05:03:51 +0000

Not enough funding to scale??? or what?

By: Doyon

Doyon — Sat, 10 May 2008 04:57:25 +0000

Jason,

It was sad to see our company put in your deadpool, but thanks for mentioning us anyway. However, there is a part which can be a little bit misleading. It wasn’t our developers’ fault (underestimating the requirement). Ultimately, it was my fault and all the blames should be on me. They just did their job, and they are all great engineers.

Thanks,

Doyon

By: Kevin Allman

Kevin Allman — Sat, 10 May 2008 04:56:03 +0000

their traffic was on the up …its really sad that they ran out of funding…if someone picks it up now, the new owners can still leverage the traffic a bit…

is running out of funding = inadequate business model?

http://www.blubert.com – the cool stuff in tech

By: Tim G

Tim G — Sat, 10 May 2008 04:53:57 +0000

Sounds like they wanted to fold.

By: nobosh.com

nobosh.com — Sat, 10 May 2008 04:49:40 +0000

Spotplex could have gone places with more time and focus.

By: Ivan

Ivan — Sat, 10 May 2008 04:26:44 +0000

Yoorl.com, has a very similar service, but without the limitation only to sites that actually have embedded some javascript… Can’t say yoorl is doing any better… But then again yoorl had no funding, and not much publicity either…

By: YouYap.com

YouYap.com — Sat, 10 May 2008 03:22:17 +0000

I dont know, I just like reading about these deadpool start ups.

By: ilyena

ilyena — Sat, 10 May 2008 02:45:24 +0000

I have the theory of the first song we listen a day. I think this song rules over us across the next twenty four hours.
I’m spanish, so my english is truly bad, sorry.

By: Cindy Szponder

Cindy Szponder — Sat, 10 May 2008 01:58:11 +0000

Cash flow is the number one killer of new businesses. I’m surprised that the estimated funding requirement was so under the actual needs. Looks like they also tried to take on two fields rather than focus on one. Contributed to downfall?

By: Daniel Brusilovsky

Daniel Brusilovsky — Sat, 10 May 2008 01:57:19 +0000

@Azhar: Me too….

By: Azhar

Azhar — Sat, 10 May 2008 01:56:36 +0000

oh, that’s a bad news. I hope they come back with a better plan and more conviction again.

By: Daniel Brusilovsky

Daniel Brusilovsky — Sat, 10 May 2008 01:54:58 +0000

Sad to see them go…