Today Dropbox has announced that it is required the new starter called Sold which launched a year this year to provide users with an easier way to sell products online.
Since its launch Sold has released both iOS and Android applications and has been created to help people avoid places such as Craigslist and eBay removing the online selling process from the equation.
Just 7 months after its launch Dropbox and Sold have today announced the purchase and from today will be closing its doors on the service. Sold was initially backed by investors such as Google Ventures, Greylock Partners, Matrix Partners and the team at Boston Seed for around $1.2 million and was enjoying growth of around 50 percent per month.
The plans Dropbox has for its new acquisition has still yet to be announced, but in the announcement on the Sold website the company explained that Dropbox’s “roadmap includes exciting new experiences which align perfectly with our ethos of creating products that positively affect people.” stating that the acquisition “was too good to pass up.”
Sold sent out the following email to its customer base today explaining their position.
Hi, friends! We’re very excited to announce that Sold has joined Dropbox! As of today, our service will no longer be accepting new items.
We’d like to sincerely thank all of our loyal friends and customers who have helped us, supported us, and spread the love for us through this amazing endeavor. We started Sold to provide people with a service that took the burden of selling off their shoulders – by doing all the dirty work for them.
But even beyond that, we wanted to create something that affected people in a positive way. Something they had an emotional connection with. Something they trusted. After spending time with Drew and Arash, we decided that the move to Dropbox couldn’t be better – their roadmap includes exciting new experiences which align perfectly with our ethos of creating products that positively affect people. Going forward, the Sold team will continue working together to build these experiences, shaping the future of Dropbox for their 200M strong user base. It’s an opportunity too good to pass up.
We’re really excited for the new set of challenges ahead, and are absolutely dedicated to continuing to create great experiences.
If you’re a current user with items in the system, expect to hear from us with instructions on how to proceed and finish your transaction.
Thank you, thank you, thank you,
-The Team at Sold
It will be interesting to see what Dropbox has in store for the new acquisition and how they will combine it with his current cloud storage services. As soon as any more information is revealed about its plans for the new acquisition we will keep you updated as always.
Source: Tech Crunch
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