Annoying Plaxo Sells Itself With Mystery Banker
Annoying contact service Plaxo has put itself on the block, says TechCrunch's Mike Arrington. Mike doesn't have an asking price (Mr. Sorkin at the NYT says up to $100 million), but does say that Plaxo has "transformed" itself from a hated spam monster into a mild mannered and interesting business social network." He also runs an email from a Plaxo marketing guy who tries to position the company as a cross between Facebook and LinkedIn.
Anyway. A reader points out the curious part about Plaxo's "for sale" effort -- it's using a shop called Revolution Partners for M&A. Have you heard of Revolution? We hadn't, which certainly doesn't mean that they aren't capable. But given Plaxo's stats -- a 20 million user database, traffic that's shot up four-fold since November, etc -- you'd think a bevvy of heavy hitters would be vying for the business.
So. why aren't any of the usual suspects -- Montgomery & Co, Allen & Co, Savvian, Jefferies, DeSilva, Lehman et al -- playing in this game? Probably because of the $100 million price tag (a.k.a., chump change).
Anyway. A reader points out the curious part about Plaxo's "for sale" effort -- it's using a shop called Revolution Partners for M&A. Have you heard of Revolution? We hadn't, which certainly doesn't mean that they aren't capable. But given Plaxo's stats -- a 20 million user database, traffic that's shot up four-fold since November, etc -- you'd think a bevvy of heavy hitters would be vying for the business.
So. why aren't any of the usual suspects -- Montgomery & Co, Allen & Co, Savvian, Jefferies, DeSilva, Lehman et al -- playing in this game? Probably because of the $100 million price tag (a.k.a., chump change).
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For those who care for the facts, Plaxo has been constantly improving and growing for several years. The relatively new Pulse feature is "an open Facebook" and has received fantastic reviews. The address book and calendar sync capabilities are the best in the industry. The spam rumors were exagerated and now considered normal by Facebook, LinkedIn, and MySpace standards.
If you are going to claim to be a "Silcon Valley Insider", at least know what is going on in Silicon Valley. Sheesh.
Any Plaxo users care to enlighten me on the attraction?
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Plaxo's an Outlook play. Probably will live for a while yet, though having finally sloughed off the client-based email beast, I personally aint never going back.