A Unique Approach to 2nd Round Resources to Grow Your Project
Saturday, April 26th, 2008
Majority Stake In MyPlayList Free To A Good Home
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.
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