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Venture Capital
by tj on December 25, 2003
Auctiondrop a provider of eBay drop-off service has recieved $3 million in a thrid round of funding. The drop-off business model, means establishing stores and taking a provision for sold items. This is one of the most simple business models (with small entry barriers) I've seen with substantial funding for a good time. Amazing that Auctiondrop could attract $ 6.5 million venture capital since inception. Seems KISS is still good for a company motto - Keep It Simple, Stupid.
Permalink: simple business models are the best
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