BAT has been sold

[LiveFromNY]

+1 Fee amount and structure will most likely change and increase in the near term and continuously...

As it should. Based on the service provided and their backlog of customers they're clearly underpricing the market. Incidentally, increased fees aren't automatically a bad thing for sellers.

[smclaughlin]

If you go with the earlier $1M a month in earnings estimate and a conservative market valuation of 15 times earnings, then a >$100M payday is a very good reason to sell. <snip>

That estimate is just for auction proceeds. I wonder what advertising on their site adds to that number?

[Cruisingnkali]

+1 Agree 100%

As it should. Based on the service provided and their backlog of customers they're clearly underpricing the market. Incidentally, increased fees aren't automatically a bad thing for sellers.

[raspy2point2]

Also Pelican Parts has been sold.

[69Sman]

Also Pelican Parts has been sold.

interesting, to whom??

[KennethClay]

interesting, to whom??

ECS Tuning, which was owned by Bertram Capital but has since been sold to Cortec.

[LiveFromNY]

ECS Tuning, which was owned by Bertram Capital but has since been sold to Cortec.

Yeah, like 2 years ago.

NEWSFLASH: Hudson Motor Car Company bought Nash-Kelvinator.

[Longballa]

I love me some capitalism!! Ever heard of a start up?

[frederik]

Scott, consider this: suppose you are able to sell your business to Porsche North America for a nice sum. You are happy because you can retire and don't have to worry about money. (Let's put aside the question whether you wouldn't be happier working on classic 911s instead of retiring.) Now all your customers will be a little sad, because they know that PCNA won't be able to maintain your quality of work and so the shop will eventually become average and lose what was special about it. Capitalism at its finest, but the net value to society of the sale is negative. That's why I'm often a little sad to see founders selling their business instead of maintaining it with the values that made it special. I think we all share an appreciation of long-term ownership here and this also applies to businesses, not just to cars, in my opinion.

(I'm a business owner myself and have no intention of selling.)

[50/50]

+1 Agree 100%

So if a large corporation purchases a successful entrepreneurial startup , and proceeds to increase fee's to the customer base while decreasing the customer experience, that's a good thing?
Sound's like what has gone on in banking among other businesses. I'm all about capitalism ,but the customer isn't always the beneficiary.

Hmm... think how much Hearst could earn charging the peanut gallery in a pay to play?