Well, congratulations to the Mulazamat.com team.

They got acquired by a foreign firm for “more than Rs 2 million”. Whee! break out the treat and kudos…You guys just gave away the -BEST- darn idea I have seen for the job site market for quite awhile. And for what ? 2 million rupees (or more as the blog post says). How much more ? 6 million? Thats just about a 100,000 USD. Thats a pittance. Chump change. A rounding off error for a VC. No idea yet on the buyer’s name but they got one sweet deal I must say. I’d love to know who did… One could turn this idea around for atleast 20-30 million USD in the global market. Quick question for Ali : Did Rozee/ Naseeb Networks buy it ?

Hotswap is another startup run by some young tech students in the US, and its a similar idea for used cars instead. Wonder what the valuation is? More than a million USD already? You betcha. The web makes us equal, so why why still agree to sell so low and so early ?

There is a reason why facebook held out and didn’t settle for a billion dollar acquisition. Its now valued at 15 billion USD. To be fair, companies in Pakistan command lower valuations currently but once its properly setup and has traction the average is anywhere from 10 million USD to atleast 50 Million USD . Not less than a 100,000 USD. Yup, it helps at times to say “No, thank you, I know I’m sitting on a gold mine and you can’t have it”.

Think Big, Think different. DevNext has amazing talent. Next time, say no and wait for the million dollar plus offers to come in. I apologize in advance for all my raving banter but really..come on guys… you just gave such an amazing idea away for pennies

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