Mighty bids throws the towel (0)
June 23rd, 2007 · by Heri · startups
Mighty Bids, an ebay competitor, has dropped the towel, and you can now find the business for sale on ebay, which I see as a tribute to eBay’s business model. Sadly, I don’t think there is a way to go into direct competition with eBay, whose assets lie mainly in its rating system and user history. I guess you could go hyper-local, or focus only on niche products, but that is certainly not enough. If you think you have the skills to design a business model which will win against eBay, give me a ring and we will conquer the world next month. :-)
thanks to StartupNorth
