Shoemoney sells AuctionAds
Now this really surprised me. Media Wiz reached an agreement with Shoemoney and his business partner Dillsmack to sell the recently launched AuctionAds platform.
Full Story: Media Whiz Aquires AuctionAds
I’m not really surprised by the sale itself but by the fact that the product hadn’t reached it’s adolescence let alone maturity.
One of the things I really like about Jeremy is that he is a Man that is not afraid of publicly stating his weaknesses. It’s not a very common trait to find these days, and only people who are truly confident on their abilities are able to do this without a twitch.
I never saw Shoe as a “Project maintenance” kind of guy, so when first talked about the Auction Ads project I always wondered how he would do in the support side of things. Just as I thought, not only was it something that he hated doing, but it was also something that he wasn’t particularly happy to do either.
All in all I think it was a good deal for both parties (although I am yet to confirm the figures of the deal) since it’s a product with great potential, and also it’s something that Shoe wouldn’t be too happy to be involved in with the passing of time.
Tags: Shoemoney
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