jobloft.com

Software views

jobloft.com Fri, Oct 20. 2006

Jobloft.com was on cbc Dragon den the other day and got bought out. Oh wait a minute that was only 50 %, so invested in. A little high percent, though the experience for them will be well worth it. The next companies that these people (Andy Lai, Lee Liu, Chris Nguyen and Sundeep Mokha) go into will be better.

The good - A great job at getting clients to signup and get their name out there. So long as they keep their relationship with their customers and their site in line with their users then they will do well.

Problems with jobloft.com is that the site is easy to duplicate software and design wise. Content can be retrieved form other sources. Easy to duplicate as in development time is measured in days or weeks.

Two things can spell the end for the company, one a key creative person leaves and is not replaced. Someone elses features are much more attractive to the workers. This is always the problem with basing your pitch on features.

The root success their success is the connections they made vs the features that they talk about.
Posted by Charles Verge in Review of web sites Comments: (2) Trackbacks: (0)

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#1 - Jon said:
2006-12-08 20:10 - (Reply)

There was an "a few weeks later" follow-up, apparently the "academic business advisor" couldn't get off his high horse as to how much better he was compared to the dragons and the deal fizzled away as quickly as it came. The academic guy came across as an arrogant snot while the dragons came away pretty much intact - the young fellows due to complete inexperience allowed a very easily solved dilema spiral into a waste of time for all involved and a large opportunity was lost.

Jon

#1.1 - Charles Verge 2007-02-07 06:52 - (Reply)

I only recently seen the clip, ironically, no matter what was shown off camera what the professor said had to be answered with a ripping up of the check. Basically, buddy was forced into defending his friend once the prof insulted him. Hopefully, some other deal was worked out side of the tv shows contract. Either way, 50 % of the company for 200k is too low unless the draggons where going to put in writing that they where going to make up for it in some other way.


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