Comments on: Auctomatic - A Nice Exit http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/ Ace King, Check it Out! Mon, 08 Sep 2008 00:32:27 +0000 http://wordpress.org/?v=2.5.1 By: Pete http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-27121 Pete Tue, 15 Apr 2008 23:06:29 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-27121 To paraphrase someone, JOE! I believe you have posted in one of your blogs, that an exit is an exit. I agree, as long as the exit looks after the people that joined the visionary on the journey... That's one of the hard calls when you exit in any form whether selling at a loss, profit or folding. At the end of the day, as in any business, you have lives you are responsibile for in your hands; irrespective of whether you have started or simply manage parts of what you are doing as an FTE. It's a bigger picture kind of thing (shareholders first, naturally). Oh dear God, I've lost my nasty streak..... Or is it just a new marketing streak? I'm undecided! Hang on. EVERYONE GO GREEN. (or at least ensure your company has a policy that addresses it....trust me...) To paraphrase someone, JOE! I believe you have posted in one of your blogs, that an exit is an exit. I agree, as long as the exit looks after the people that joined the visionary on the journey… That’s one of the hard calls when you exit in any form whether selling at a loss, profit or folding. At the end of the day, as in any business, you have lives you are responsibile for in your hands; irrespective of whether you have started or simply manage parts of what you are doing as an FTE. It’s a bigger picture kind of thing (shareholders first, naturally).

Oh dear God, I’ve lost my nasty streak….. Or is it just a new marketing streak? I’m undecided! Hang on. EVERYONE GO GREEN. (or at least ensure your company has a policy that addresses it….trust me…)

]]> By: John McCormac http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26988 John McCormac Thu, 27 Mar 2008 11:51:29 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26988 @mj - The Irish hosting business is a bit overdue for that kind of consolidation. A lot of the larger hosters are really pseudo-hosters in that they are web developers that provide hosting facilities to their clients. BT is on a slide to oblivion as regards retail webhosting. Ditto for Eircom. The ISPs just don't have the management and expertise to compete with the second generation Hosting Service Providers. A lot of the smaller players in the hosting business here are going to be edged out of the market over the next year. Still though it is a nice exit for the guys in Auctomatic. @mj - The Irish hosting business is a bit overdue for that kind of consolidation. A lot of the larger hosters are really pseudo-hosters in that they are web developers that provide hosting facilities to their clients. BT is on a slide to oblivion as regards retail webhosting. Ditto for Eircom. The ISPs just don’t have the management and expertise to compete with the second generation Hosting Service Providers. A lot of the smaller players in the hosting business here are going to be edged out of the market over the next year.

Still though it is a nice exit for the guys in Auctomatic.

]]> By: Darren http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26985 Darren Thu, 27 Mar 2008 02:47:48 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26985 Actually, they ended up in Vancouver, I gather. So it was Ireland to Silicon Valley to Vancouver to get sold. Actually, they ended up in Vancouver, I gather. So it was Ireland to Silicon Valley to Vancouver to get sold.

]]> By: Donncha O Caoimh http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26974 Donncha O Caoimh Wed, 26 Mar 2008 19:19:20 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26974 Techcrunch definitely get their numbers and gossip wrong on occasion! Techcrunch definitely get their numbers and gossip wrong on occasion!

]]> By: Joe http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26972 Joe Wed, 26 Mar 2008 17:36:41 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26972 Georgie, nor would I, but 3m exits is not in the Game plan of any Irish, European or US VC that I know of. Ireland is not going to compete in the global knowledge economy of the next twenty years if it is content with a 3m exit valuation. Georgie, nor would I, but 3m exits is not in the Game plan of any Irish, European or US VC that I know of. Ireland is not going to compete in the global knowledge economy of the next twenty years if it is content with a 3m exit valuation.

]]> By: Georgie http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26971 Georgie Wed, 26 Mar 2008 16:51:13 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26971 Sour grapes no?! Wouldn't sneer at $3 mill myself Sour grapes no?! Wouldn’t sneer at $3 mill myself

]]> By: mj http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26966 mj Wed, 26 Mar 2008 14:26:03 +0000 http://joedrumgoole.com/blog/2008/03/26/auctomatic-a-nice-exit/#comment-26966 I guess it depends on what your requirements are. I don't think that sort of exit is possible over here but then there have been buyouts up here. BIC Systems (a medium enterprise) was bought out by BT, TIBUS was bought out by UTV. Shows one thing though. They went all the way to Silicon Valley to sell to a company in Canada. I guess it depends on what your requirements are. I don’t think that sort of exit is possible over here but then there have been buyouts up here. BIC Systems (a medium enterprise) was bought out by BT, TIBUS was bought out by UTV.

Shows one thing though. They went all the way to Silicon Valley to sell to a company in Canada.

]]>