I was shocked today to see that the great Entrecard was for sale. It’s owner and creator had put out a sale auction at Sitepoint. Tho’ the owner is selling this he’s not very happy about it.

Anyway, for the sale of this great Network is required big money. The minimum BID is 100,000$ and it doesn’t seem to be any BID till now. The owner says that there will be a BIN of round 1 Million $.

Personally if I had the required capital I’d surely BID. This is a big chance that comes to your life only once. With a bit of improvement and better monetizing Entrecard can be very successful and the revenue can be more than the minimum BID that the seller has put in Entrecard’s sale. According the the Owner Entrecards has round 20,000 registered blogs using its widgets and 7000 people using their toolbar. There is a number of 80,000,000 impressions per month, 85,000 uniques/month and 3,250,000 pageviews/month. All these stats have been growing very quickly the past few months (as we all know). With an age of only 11 months Entrecard can be called the fastest growing Blog network ever made.

The owner is looking for somebody who won’t close the site down or just let it “die”. He wants that the new owner continues the work on Entrecard just like the old one. There is also a small possibility that the whole sale won’t be done.

The seller says this:

Why am I selling:

Entrecard holds a very special place in my heart. The vision for the company is enormous: aggregating all the advertising inventories across the long tail of the blogosphere, creating a virtual economy for the blogosphere at large, and providing them with a virtual currency that integrates with all other types of services via API.

I am selling because I have come to a stalemate. Entrecard is growing fast, but I do not have the resources to put behind it. I recently met extensively with Venture Capitalists who were going to make a 700k seed investment and a 2-5m follow on Series A investment in 6 months. The deal fell through in the 11th hour, right before the terms sheet, because they lost faith in my ability to execute the plan after a series of tests in which I did not know I was being tested. The valuation we were discussing was 8 million. We were going to open a headquarters, hire 10 people, and go straight to the top. Then it fell apart, and after getting my hopes up, I just haven’t been able to get back on my feet. I’m a wreck and feeling like a failure to come so close only to drop it due to my idiocy.

I also received an Angel investment several months ago at a valuation of $500,000. The network has more than tripled in size since I received that small investment. Month after month the growth rate just increases.

Now we must all wait to see if Entrecard will really get sold and if it will who will be the new owner/s and how will they develope Entrecard in the future. I think this will be the most discussed topic with Bloggers and Webmasters in the next weeks.

You may comment here your opinions about this sale and what do you think it will happen.

Best regards,
WMS-NEWS !