Kiko’s Web 2.0 Failure Nets $258,100 Cash!

For those of you living under a rock, Kiko was put up for sale on eBay. Kiko was touted by many as a failure, but for those in the know it was built for $50,000 in convertible debt (guess how much the banker got? $3800 - i.e. eBay was the intermediary) creating around $200,000 in wealth for the founders/investors. Not bad for a failure (if I could get $200,000 for my failures…). Here is a play-by-play:

Ogijun made the first bid on August 23rd for $50,101.00. Later that day Powerjoe1998 made the second bid of $54,042.00 soon to be outbid by Ogijun with a bid of $54,151.00. Dvdy98 then bid $55,643.00. Wswire got in the game on August 25th and bid $55,843.00. Eladsr57 thought it was worth more and bid $60,000.00 that same day. Al_uminum figured it would be worth $61,500.00. Jactao88 (unverified) then bid $63,000.00. Next Robbkni got in the game and bid $64,800.00. Ogijun raised the bar to $69,371.00. Powerjoe1998 then took the bidding into six digit territory with a bid of $113,118.00. Ogijin, Powerjoe1998, Eladsr57, Macrhino and Wswire all made bids over $114,000.00 throughout the day on the 26th.

It came down to a head to head bidding war between Powerjoe1998 and Wswire. Wswire bid $258,000.00, but was outbid by $100 by Powerjoe1998. I wonder if Wswire is kicking himself for losing the auction by $100? Who is Powerjoe1998? Turns out he has bought three other items on eBay. The first two back in February 2002 and the most recent in April 2005.  I am not sure what he bought, but I sure hope he likes his new purchase.  Now will he use PayPal to complete the purchase?

No Responses to “Kiko’s Web 2.0 Failure Nets $258,100 Cash!”

  1. Jason McMinn Said:

    Yeah, I was tracking this myself just to see how it unfolded.

    I think the calendar space is going to be hard break into. While Kiko, had a great AJAX interface, I wouldn’t commit to putting my information in it as a standalone application. Having it separated from my Yahoo mail is too fragmented.

    Would loved to look under the hood though.

  2. Jason McMinn Said:

    Yeah, I was tracking this myself just to see how it unfolded.

    I think the calendar space is going to be hard break into. Google can’t do it. While Kiko, had a great AJAX interface, I wouldn’t commit to putting my information in it as a standalone application. Having it separated from my Yahoo mail is too fragmented.

    Would loved to look under the hood though.

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