"So either Graham sold EC to the original investor, or he simply lost control of the company because he couldn’t sell EC for enough to repay the 112k.." T.O.P. 07/16/09Yupper -- Check it out
Ding Dong The Witch Is Dead
Posted on July 16th, 2009 by Turnip in Social Networking
It was with mixed emotions that I woke up today to learn that Entrecard was sold. Sometimes a leader is SO bad you begin to enjoy their nonsense. Graham Langdon was Kim Jung Il with an asshat, running his online version of North Korea into the ground. The following is the main announcement from the Entrecard blog.
“It is with great excitement that I announce Entrecard.com, Inc. hasGreat, so the grand leader is “staying on as an advisor”. If I could have given Ziprunner one bit of advice, it would have been to lose the cancer known as Graham. Other than alienating people left and right, what expertise does Graham possibly bring to the table? “Dude, if you ever find yourself late at night in a drunken threesome with enraged sealions, take my advice, drop the acai bowl, but hold onto the cell phone! Believe me, I’ve been there”. If you want , NAY, crave additional Graham mockery, then head on over to yet another soon to fail blog started by Graham: http://ontrapranore.com/.
been Acquired by ZipRunner Inc.
ZipRunner has the resources, vision, and dedication to Entrecard that
will allow it to grow in pursuit of the vision I laid out nearly two
years ago.
Moving forward, my relationship to Entrecard will be that of an
advisor, and I will help the good folks at ZipRunner take the whole
project to the next level.”
Now, what does this mean for the bloggers who still use Entrecard? Well, Ziprunner certainly didn’t buy it to cavort around techcrunch parties as “Mr. Web Asshat 2.0″ bogarting every joint he can get his hands on. They bought it to turn a profit. Bottom line is they bought a list of bloggers. Names, emails, home addresses, social security numbers, and all.
Who is Ziprunner?
Corporation | ||
---|---|---|
ZIPRUNNER, INC. | ||
Number: C2322843 | Date Filed: 12/12/2000 | Status: active |
Jurisdiction: California | ||
Address | ||
2168 S ATLANTIC BLVD #232 | ||
MONTEREY PARK, CA 91754 | ||
Agent for Service of Process | ||
ANDREW H TE | ||
2168 S ATLANTIC BLVD #232 | ||
MONTEREY PARK, CA 91754 |
So either Graham sold EC to the original investor, or he simply lost control of the company because he couldn’t sell EC for enough to repay the 112k.
I guess the way Graham said it sounds so much better than “I f cked up and the investor took Entrecard because I didn’t meet my obligations”. Some sort of deal probably was struck as part of the original venture capital agreement, hence the “staying on as advisor” nonsense. Buy-out or not.
2 comments:
I really don't know what to say at the moment. I suppose I will have to wait and see what happens. This could be the end of my relations with EC, but hopefully not. Thanks for the post and your honest opinion on the matter.
Friends 4 Life!
I got the e-mail yesterday and knew that today would bring several posts on the subject. Very interesting thought that it may have been "lost". I don't really get into the whole "business" end but it is interesting nonetheless. I'm very interested to see what EC becomes from here.
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