Pedro Sttau

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.

Shoemoney raises great points regarding Goggles supposed pursuit of Arbitrage sites.
To sum it up, according to Jeremy Google recognizes arbitrage has a valid Business model, hence it’s very unlikely Google is going after these sites, at least int he way thart way described by Jennifer Slegg.