we thought that the release of Google Calendar might be good because it would push one of the other big players into acquiring a calendar application to compete. 30boxes had stated that they didn't want to be bought out so, as the #3 player, things were looking hopeful. Things didn't pan out, but that's okay. None of us were ever had a Lexus on hold.
Factoring in investor payouts, selling fees and related expenses, the net proceeds to the start-up team will undoubetdly be significantly less than the eBay sales price.
Web 2.0 amateur entrepreneurs may very well hope to emulate the Kiko adventure, however. Who knows, we may soon be seeing pitches touting:
MAKE $250,000 THE EASY WAY! Start-up a Web 2.0 company over the weekend for $700, then sell it on eBay for $250,000!