In turn, beyond the fact that Sold sought to add value by reducing the work inherent to selling online by pricing items, finding a buyer and arranging packaging, shipping and transactions for you, the startup also created pricing technology to help you get more for your items. In September, the team told TechCrunch that it had listed more than 2,000 unique products in its marketplace and was seeing 50 percent growth, month-over-month.
Backed by $1.2 million from investors like Google Ventures, Greylock Partners, Matrix Partners and the team at Boston Seed, it’s a somewhat abrupt exit for a startup that appeared to be on the way up. Today, just seven months removed from launch, the Sold team announced via its website that it has been acquired by Dropbox and will be closing its service as a result. Debuting on the iPhone before moving to Android in September, Sold aimed to help busy people avoid the hassle of eBay and Craigslist and simplify e-commerce by taking the whole process out of their hands. Sold launched early this year with a plan to help remove some of the frustration from selling online.
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