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05|04|2010 04:03 pm EDT

Bido.com Shutting Down Effective Tomorrow

by Frank Michlick in Categories: News

According to a twitter message by Bido.com the auction website is shutting down effective tomorrow, May 5th, 2010.

Bido is ceasing operation as of May 5, 2010. All transactions and accounts will be gracefully finalized and closed.

The company was originally founded in 2008 and then purchased dnZoom. Co-Founder Ron Jackson of DNJournal left the company shortly before the launch . Just earlier this year Sahar Sarid had announced that the company was moving to the Bay area.

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8 Comments

wannadevelop.com

May 4, 2010 @ 4:21 pm EDT

DNZoom dead… Bido dead…. No surprise.

Paul Hanson

May 4, 2010 @ 5:02 pm EDT

Shame to see another company bite the dust, but it was a long time coming for Bido since the bidding/voting model was confusing and it was just swamped with much better services. It was a good attempt, but business takes more than luck.

Mike

May 4, 2010 @ 7:04 pm EDT

Bido is awesome. I just got into voting on domains, but it was surprising the amount of inventory they moved on a daily basis (I would guess it is probably on par with Sedo).

I think many sellers didn’t consider the Bido marketplace because they were the only ones who kept high value transactions confidential.

Luke Webster

May 4, 2010 @ 10:14 pm EDT

It is a shame to see Bido shutting down. The positive side to this story would be the fact that they have laid some great ground work and they also have managed to create a strong following. I am sure you will see a Phoenix rising from these ashes…

Luke Webster | DevRich

Mike

May 6, 2010 @ 4:53 am EDT

A failure with style but still worthy some afterlife.

Farhad Ramezan

May 6, 2010 @ 10:50 am EDT

I am not surprised at all. From one domain A DAY to auctioning like crazy, it was obvious from start that these people had NO SOLID BIZ plan to start a Business.

sorry to see you go but your deserved it.

jz

May 6, 2010 @ 12:03 pm EDT

Bido was a class act with some of the
most innovative thinking in their
niche. But risk is always a part of
business. We’ll see these guys back
at it with some new idea surely. No
matter the virtue of persistence;
sometimes it’s just as virtuous to stop
and start over in a new direction.

Wishing the people at Bido the best
whatever their new direction.

Farhad Ramezan

May 6, 2010 @ 2:53 pm EDT

“so we have reset your complimentary voting points to 2220″

Just look at the business concept before judging my email. A kid can look at the potential for making money with this system and say “ARE you CRAZY?”

“so we have reset your complimentary voting points to 2220″

I do no care what anyone says, if there were smart they would show it by at least to exit with dignity. Which business gives 24hr notice to close?

smart business man plan for exit as well. there were no explanation but “Good bye” and we are trying to sell our business domain name and technology for SIX figures. That is almost as stupid as the business.

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