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Topic: What are your thoughts on selling a bitcoin startup for bitcoin? (Read 2550 times)
I think this is a good idea. It may bring you a media attention and thus bring you some investors. But if you still sell it, since you are a Bitcoin supporter (or you would be dumb to have started a Bitcoin startup), being paid in Bitcoin would seem normal. Also, with the halving, the money you would get from your startup sell may increase and value and you'd be on the winning side !
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January 05, 2016, 09:25:04 AM
still for sale?
January 02, 2016, 06:37:40 PM
As the founder and developer of a bitcoin startup, I'm very interested to know what your thoughts are on the approach of selling a bitcoin startup, website or business for bitcoin?
We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
why do you want to sell your startup to some bitcoin bitcoin, not startup that can produce bitcoin, I think this is the same as selling shares or sell your company. I suggest not to sell, because it will be more profitable bitcoin startup current and future, along with the popular semkin and advancement of bitcoin.
January 02, 2016, 02:55:34 PM
I do not think it's a good time to do this but I do wish everyone all the best of luck that is looking into ideas like this.
December 09, 2015, 01:40:06 PM
I'd like to offer you $2000 for the domain name. Please accept. I'm planning on building my own website and would like to know more about blockchain intergration for marketplace listings.
December 08, 2015, 07:00:53 PM
Having some email issues. Keep checking. I love the market place concept. But do you think this could be run entierly on the block chain?
December 08, 2015, 06:34:32 PM
Sent!
It's not come through yet.
What are your thoughts on a bitcoin marketplace where anything (legal) could be purchased for bitcoin?
Will you launch something like this with bitbay or something different completely?
December 08, 2015, 05:30:37 PM
Sent!
December 08, 2015, 04:02:32 PM
December 08, 2015, 03:34:33 PM
I like the website app but I don't think I'd be able to aford the whole lot so how much would you sell me just the domain name for? and the logo icon artwork?
December 08, 2015, 02:50:40 PM
The domain name alone must be worth a few thousand $$$. Very short and easy to remember. Could be used for anything bitcoin really.
December 08, 2015, 02:30:03 PM
I think its a good idea to sell your bitcoin domain name and website for bitcoin instead of fiat. I also really like your domain and icon design. Nice and simple yet very marketable. Looks good for mass markets.
Thank you primecoin!
December 08, 2015, 01:18:17 PM
I think its a good idea to sell your bitcoin domain name and website for bitcoin instead of fiat. I also really like your domain and icon design. Nice and simple yet very marketable. Looks good for mass markets.
December 02, 2015, 04:09:20 AM
As the founder and developer of a bitcoin startup, I'm very interested to know what your thoughts are on the approach of selling a bitcoin startup, website or business for bitcoin?
We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
If it is a lack of funds that are the reason you want to sell, then I don't think you should. Instead of selling it outright, you could sell shares of stock of your company/website. The SEC recently changed the rules and made it so you don't have to be a millionaire to invest in companies anymore. There are a lot of reputable sites that do Bitcoin denominated Stock IPOs. I would suggest BTCTCPOP.co. Look into it if you aren't completely certain you want to sell.
But, to answer your original question, YES you should sell for BTC. It is a BTC business after all!
December 02, 2015, 03:11:16 AM
If it becomes popular, I believe that Ebay will come after the use of "bay" in the name and website for trademark infringement as "potentially confusing similarity for customers that will damage the Ebay brand," which is probably why you're trying to drum-up interest here for the sale.
https://www.google.com/search?q=similar+name+trademark+violations
Does the potential buyer have enough financial resources for fight Ebay in civil court?
Probably not.
I recommend staying away from this.
https://www.google.com/search?q=similar+name+trademark+violations
Does the potential buyer have enough financial resources for fight Ebay in civil court?
Probably not.
I recommend staying away from this.
I have had this looked into and we're absolutely fine.
*As long we don't start doing online auctions which we have no plans of doing.
Bitbay is a place for listing goods/services for a fixed bitcoin purchase. It's more like a directory of sellers than an auction site.
The only features that ebay has that we would like to develop is a good profile / rating system and payment processing.
This functionality coupled with the word 'bay' is not enough to cause any trademark or copyright violations.
December 01, 2015, 11:59:51 PM
I don't think you're going to be able to find a buyer (or at least a meaningful offer). Start-ups are only really useful if they either have a patent for the idea their using or their brandname has huge value (i.e. is well known and attracts consumers already) and potential for growth in the future. Right now there's nothing stopping someone from copying you're idea (without buying you out) and using their own branding - because buying you out would really only be for the branding and you're branding doesn't do anything at the moment.
December 01, 2015, 05:38:21 PM
Sure, sell it if you decided you cannot handle it.
December 01, 2015, 05:28:13 PM
If it becomes popular, I believe that Ebay will come after the use of "bay" in the name and website for trademark infringement as "potentially confusing similarity for customers that will damage the Ebay brand," which is probably why you're trying to drum-up interest here for the sale.
https://www.google.com/search?q=similar+name+trademark+violations
Does the potential buyer have enough financial resources for fight Ebay in civil court?
Probably not.
I recommend staying away from this.
https://www.google.com/search?q=similar+name+trademark+violations
Does the potential buyer have enough financial resources for fight Ebay in civil court?
Probably not.
I recommend staying away from this.
December 01, 2015, 04:05:46 PM
As the founder and developer of a bitcoin startup, I'm very interested to know what your thoughts are on the approach of selling a bitcoin startup, website or business for bitcoin?
We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
It has been mentioned in other posts, it depends on how much you value the company. If you want to see the company become a product of your work, selling it isn't a good idea.We developed bitbay.com in the summer with plans to roll out and grow a solid bitcoin marketplace where anything (legal) could be purchased for bitcoin.
The truth is we never really had the funds to keep it operational or to promote the service to enough people to grow the service organically, and so.. this has led us to consider selling the whole startup to someone who does have the resources needed to make it flourish.
As bitbay.com is a bitcoin startup, we think this is a property that would be best fitted to a bitcoin enthusiast or at least to someone who trades in bitcoin.
Also, as it is a marketplace for trading goods and services for bitcoin, it also makes sense to list the startup itself on its own marketplace to demonstrate its own concept.
What are your thoughts on this?
If you're worried about the ethics of selling a startup for the same currency it was started around, I don't see any issue with it.
As for the idea itself, if it is like a Bitcoin Amazon, I'd be all for it. It would be a great idea, however you have to realize that there are competitors like Tiger Direct and newegg that provide the same services and have a backing. However, based on what I read, you intend to make it like a Bitcoin Ebay, were users would list and sell goods and services. The main issue I see with the services aspect is that the various locals would not have access to all the services listed, but I assume that you already have a workaround for that.
Other than that, it sounds like a good idea if you want to pass it off to someone else to help it grow. As long as it isn't a pump n dump service, and the person/organization that purchases it intends on growing the service, I'd say go ahead.
December 01, 2015, 03:25:48 PM
its a good name thats for sure
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