Derek Powazek: Pixish Closing 10/31 (What He Learned About Community, User Generated Content, and Launching)
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sigh...My startup has been running for almost 2 years and I've only got 4000 members. Still, we're profitable now, so I try to focus on revenue and not think too much about raw membership.
Still, I wonder why someone would just shut it down? A site with a community of 5000 is surely worth something to someone. Sell it to a friend for a beer or two?
It should not be confused with pro bono work, where the work is unpaid but the relationship between client and designer is transparent.
The practice is by no means limited to the design industry, but due to the nature of work involved, is where it is most rampant.
some of the arguments for and against can be found in the comments of this post on signal vs. noise by crowdspring http://www.37signals.com/svn/posts/1253-the-nospec-campaign-...
For a while I thought that it would at least reflect well on my resume. I've had it on my resume for a while now and no one has given a damn. No one person has even clicked the link...
To advertisers it's worth dirt because it's mostly just existing members visiting again and again.
The valuation of online sites really presents a "Winner takes all" effect.
So, why would someone shut their site down? I think there is a Picasso quote to this effect. The idea is that it's an insult to the value of your time, and to your entire field to sell it at 100x less than it cost you to make.
Out of curiousity, is Derek on HN? What is to become of Pixish's assets and IP? I know people that could leverage this platform.