that isn't enough to build the technology and market it. I think the CEO said they needed ~$30M to build it, ~$30M to market it.
> it was going to take at least $100 million, half to build the back end across thousands of servers and half to get distribution (maybe more with Microsoft spending $100 million on Bing advertising alone). What we didn’t plan on was the terrible downturn in the economy which made it impossible to raise another $50 million to get distribution (mainly through toolbar deals). In this economy nobody wants to invest that kind of money in a company that is pre-revenue, even if the net result is potentially a multi-billion dollar company.
http://www.techcrunch.com/2009/07/24/searchme-may-go-offline...