We’ve been pretty vocal about our love for DivShare, one of the best solutions for unlimited storage and sharing of files on the web. They’ve done a lot of work since they first launched about a year ago and have consistently added new features to make the service a step above the rest. They’ve grown a lot too and have a solid base of users, so given this, I was taken back when I saw TechCrunch’s article titled “DivShare to Deadpool.” My first thought was DivShare to the Deadpool? That can’t be possible! After looking into it further, I don’t believe Arrington’s assumption is even close to being right.
You’re probably wondering what happened that TechCrunch felt it necessary to place DivShare in with the group of Web 2.0 startups that just couldn’t survive. What did they do? They put themselves up for sale. Now here’s the thing, according to Arrington, putting yourself up for sale means “you see no real hope for growth, can’t raise any money and don’t want to keep paying the hosting bills out of your own pocket.” While that makes sense, I don’t think that’s the case 100% of the time when a company puts up a “For Sale” sign.
VentureBeat sat down with DivShare co-founder David Altschul and asked him a few questions that clear up why they’re for sale and if there are any potential buyers. According to Altschul, they’re for sale because “we feel the product is complete, and we want to find a company that can help support its growth and keep ahead of it, which has been our problem for a little while now. We’ve talked to investors that are interested, but now there’s other projects we want to pursue and make sure DivShare has a proper home first.”
They also received some slack for the way they’re going about selling the service via a forum. Arrington says putting yourself up for sale on a “random domain name forum is one step above just shutting it down,” but Altschul said they did this because the forum is a place where professionals who are willing to pay within DivShare’s price range go to buy. He also said they were looking for some confidentiality because most buyers want that. Even though I haven’t heard of the forum, the reasoning makes sense to me and helps explain why DivShare didn’t publicly comment on their own site regarding the sale.
Is DivShare headed for the Deadpool? I certainly hope not. I was just looking at their traffic history graph over at Alexa, and it’s a pretty steady trend upwards. Their ranking is around 600 over the last three months which is outstanding for a Web 2.0 service. I’d have to think that there would be at least one company out there that is confident they could take the awesome service that the DivShare team has built and monetize it.
Only time will tell, but I’m pretty confident that DivShare will steer clear of that dreaded Deadpool. If by chance they’re unable to do that, I’m sure I won’t be the only one left disappointed. Any opinions out there? Is DivShare going down the tubes or is this just the appropriate next step for them?
Thanks for the tips S, Thilak, and bdawg923!