Having met Sahar Sarid and Jarred Cohen in person, I can honestly say they are two of the nicest guys in the domain business.
During the past several months, the Bido platform matured into a pleasant, glitch-free system to buy and sell domain names. Some say the mechanism was a bit too complex to follow.
So what?
It was different. Its gauges, gears, switches and interactive features made the Bido platform a very tweakable system – perhaps too advanced for its time and its audience – that can be applied to other goods and services. The programming behind Bido is extensive and the front-end is just yummy.
So where did it all go wrong?
I have no idea. Perhaps the lack of mass quantities of inventory to achieve higher revenue; perhaps the timing with other aspects of the current “bad economy”. Either way, the Bido platform has been making lots of sellers money. Personally, I bought a domain at a decent price – then again I’m a picky buyer.
Guys, you will be missed. But I am sure that Sahar and Jarred have something bigger and better in the works. Great minds don’t stay idle for too long.
A big hug from DomainGang.
What went wrong was that they changed their format. They should of sold one domain per hour. The auctions should of started at 9:00am-9:00pm. They would of auctiones 12 domains per day. this would of been profitable for everyone!!!!
Thanks, appreciate the kind words.
Victor, eBay has domains on sale ending at various time intervals. Bido is a highly focused auction platform: just for domains.
Jarred, you’re welcome. I am shocked by the news but I am sure you guys are in control of the situation. Thank you for the “ride” 🙂
— you just wait!!!
They will come up with something new and BIGGER!!
This is indeed sad news for the industry. Did not use Bido.com a lot but when I did always found the platform and support excellent. Also recently got a nice name there at a good price which I am real happy with. Best of luck to Sahar, Jarred and staff.
I didn’t like the confusing website nor did I like he whole bux-for-bid thing. The market didn’t want it, so it ran out of money. The best thing to happen was that it closed before it gobbled up any more of the owners hard-earned money.
This is sad news… I guess fantastic design, concept, programming & support isn’t enough to guarantee success. Wish the guys best of luck
This sucks. Why 🙁 There customer support was great. A lot better than sedo.
Reseller to reseller. Not to end users. That never works.
http://www.domainowl.com/
A shame if it were to be all over as the concept was fundamentally a good one. Best of luck!
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.
“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.
the whole domain industry is over…It has been for a very,very long time the recession and iphone just made it faster..
For all the infighting about search going (MS verse Google) and the oodles of money spent on it- the funny blip on the radar is that a whole generation of users and late adopters either
-do not search
FORGOT how to search (yes forgot)
I see this everyday-people who are so used to social networks (aka friends shooting them urls), URL shortys (so the name does not matter) and SMS services that reply with the url that the decline is here..
its over and a good thing too.The whole domain industry is a scam..I have a bottle of dom perignon sitting in the fridge for the day Godaddy goes under…Bound to happen.