Synapse Life Sold for $60K
Synapse Life got acquired for $60,000 on ebay, yet another web 2.0 company sold on auction, the most famous sale on ebay was kiko.com.
The latest eBayquisition: SynapseLife, a suite of web-based applications that are available on your mobile phone, sold for $60K on eBay in the last few hours. The founders are now switching their focus to Down2Night, a much sexier social app that will soon have integration with MySpace.
SynapseLife was well-made, but a little dull - we’re looking forward to what they’ll serve up now they’re thinking about the social space.
Labels: acquired, sold, SynapseLife, web-based applications
posted by NextNetBlogger at 8:21 AM
1 Comments:
I am glad SynapseLife Sold, but although knowing the effort they invested in the SynapseLife product and its overall value, I was disappointed that they only receive $60K for it on eBay. Hopefully the purchasers will retain Synapse for further development.
I have been following these young developers for over the last five years, and specifically this product since its inception. I have questioned the developers, Synapse Corporate Solutions (www.synapsecs.com), on their reasons for selling the product and they have emphasized the following:
Since they currently consist primarily of a four person team, to properly support their increasing number of corporate-based customers (of which they have many), they needed to limit the amount of time and effort they spend on creative “free-to-the-public” adventures. In addition, their Down2Night project (www.down2night.com), another free-to-the-public product, is gaining in popularity and is occupying more of their “free-time” focus.
Synapse has been financing their adventures strictly from current incoming revenues without any outside investors, and they believed SynapseLife deserved the finance-based development and promotion that other investor-based entity’s could provide.
Overall, I believe their decision to sell SynapseLife at this time was a positive action reflecting their dedication to their corporate customers, and was a good business decision.
Sam Inspireus, a long-term dedicated customer of Synapse Corporate Solutions.
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