After 3+ years, our management team and board of directors has decided to scale back our operations at Judy's Book and seek a strategic acquiror.
As a CEO, I know this is the right thing to do for our investors. But as an entrepreneur it's disappointing to stop chasing an idea just when it's beginning to take root in the popular consciousness.
Judy's Book launched in 2005 as a local reviews site, and transitioned in the summer of 2006 to a hub for local shopping deals and coupons.
Although full-time employees will be let go, Sack told ClickZ News that he has gotten at least six inquiries from potential buyers, so the site may not be quite dead yet. It won't be easy for the acquirer, he adds. "There's no question that doing something local on the Internet is really friggin hard," he said.
Meet Your Favorite Search Engine Watch Contributors
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!