Sold announced to be Dropbox acquired, may not be away for too long

Sold is on line early this year, and plans to help reduce some of the distress of online sales. The first iphone version was launched in April, followed by the Android version in September. The service wants to help busy people avoid the hassle of shopping on eBay and Craigslist, and make e-commerce simpler by taking the entire shopping process.

Today, with only 7 months to go online, the sold team announced that it was being Dropbox and would close its services. The company has received 1.2 million of dollars in funding from companies such as Google Ventures, Greylock, Matrix and Boston seed. The deal appears a bit abrupt for the rising-channel start-up. In September this year, the company's team said it had more than 2000 unique products in its market, achieving 50%-month growth.

In addition to helping to reduce product pricing, find buyers and arrange packaging, transportation and other related work, the company also creates pricing technology to enable customers to earn more revenue. Thanks to its algorithms applied to multiple E-commerce markets, sold at the time said that the average price was 43% higher than the gazelle of second-hand electronic commodity trading sites.

As a result, after 4 months, the start-up forecast annual revenue of $1 million trillion, and is expected to achieve rapid growth. Still, the opportunity to join Dropbox is more appealing to the company's founders than being an independent company. The deal will allow its 9 full-time employees to join the Dropbox, creating a new team within the company that will lead the design and development of a new Dropbox product.

Although the company's co-founder declined to disclose the new product plan, they simply said through a blog post that Dropbox's "roadmap includes exciting new experiences that are very much in line with our thoughts on creating products that positively affect people." While this does not express much meaning, it is clear that the 200 million of users who can touch Dropbox play a role in influencing the decision to buy a deal. They said the opportunity was "not to be missed".

Sold will officially shut down its services from today and start accepting new items from now on. Devincenzi said the company's team is working on a plan to help users complete the transaction, and the company will contact those who have the items left on the system and deal with them according to specific cases.

Given that Android apps made the sold significantly accelerate its streamlined e-business process after its launch in September, the sudden termination of its services will certainly upset some new customers. However, depending on what product the sold team will help Dropbox produce in the coming months, they may not leave the ecommerce platform for too long.