Maybe they are making a lot of money to the point where they don't need it the extra cash. I don't know who these guys are, so maybe they're doing really well, and if so good for them.
But balking at spending effort to maintain a $75k/yr business doesn't seem "hungry" enough to me. They tried to killing off the business and dropped their price, and instead they doubled the number of users. What??? How much more of a clue do they need that they really have a viable product here?
Any businessperson worth their salt would take this and start figuring out a way to build on it. What about get an MBA intern from Wharton and give them the project of figuring out how to grow the business? Hire a real entrepreneur and tell them if they can grow the business, you'd split the profits 50/50 with them.
I mean, come on. There's a real solid base there of people who were willing to pay for their service. The BEST solution was to shut it down? I can't believe it.
You really negate yourself when you say "I don't know who these guys are."
The truth is from what I can gather and what this posts says, they're very passionate people. They don't want their name attached to a half-baked product. Nor do they want to deal with it anymore. It makes a lot of businesses sense to deal with things they ARE passionate about. $75k is small change. They don't need the hassle.
But balking at spending effort to maintain a $75k/yr business doesn't seem "hungry" enough to me. They tried to killing off the business and dropped their price, and instead they doubled the number of users. What??? How much more of a clue do they need that they really have a viable product here?
Any businessperson worth their salt would take this and start figuring out a way to build on it. What about get an MBA intern from Wharton and give them the project of figuring out how to grow the business? Hire a real entrepreneur and tell them if they can grow the business, you'd split the profits 50/50 with them.
I mean, come on. There's a real solid base there of people who were willing to pay for their service. The BEST solution was to shut it down? I can't believe it.