{"id":1974,"date":"2007-09-27T21:07:57","date_gmt":"2007-09-28T04:07:57","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1974"},"modified":"2007-09-29T16:17:18","modified_gmt":"2007-09-29T23:17:18","slug":"active-rain-wuz-robbed","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1974\/active-rain-wuz-robbed\/","title":{"rendered":"Active Rain Wuz Robbed"},"content":{"rendered":"

There are so many ways to play the puns here.\u00a0 Who Moved my Rain?\u00a0 Move before you get Rained Upon.\u00a0 It’s Rainin’ Moves.\u00a0 All pretty goofy.<\/p>\n

In the interest of full disclosure, I’m biased but so is Greg Swann<\/a>.\u00a0 Greg calls Active Rain stoopid technology, I call it useful,\u00a0 Again, my interest in Active Rain’s success is financial<\/strong>; I write to and market to the Realtor channel.<\/p>\n

Move’s shuck and jive play for Active Rain is indefensible<\/a>.\u00a0 If Move were a home buyer, they would be entitled to material information in the interest of full disclosure.\u00a0 Real estate agents call this the inspection or contingency period.\u00a0 In the corporate finance\/M&A world, it is referred to as the due diligence period.\u00a0 Move had every right to reverse it’s offe<\/strong>r to purchase Active Rain if it discovered something during the due diligence period.<\/p>\n

Here’s where Move screwed up; they started a competing business while fleecing the boys of their member roster and competitive points system plan.<\/strong>\u00a0 That is referred to in the lawsuit as the “confidential information”.\u00a0 They placed contingencies upon the purchase:\u00a0 Active Rain was instructed to cease all merger and acquisition opportunities, revenue opportunities, and financing plans.\u00a0 Those very actions, combined with a simultaneous push to present a competing product, suggest that Move perceived\u00a0 Active Rain as a competitive threat.\u00a0<\/strong> It used the carrot of its deep pockets as a tool to paralyze the industry leader while developing a competing product.<\/p>\n

Are the boys at Active Rain insane to think that the platform is worth $33 million?\u00a0<\/strong> I think so but I’m no investment banker (and I clearly have no experience in valuations of tech start-ups).\u00a0 The figure, however, was set by the perpetrator of this scheme.\u00a0 Move played the old Nigerian e-mail scam<\/a> on Active Rain.\u00a0 Naivete doesn’t make the victim any less injured nor does it make the scam artist any less culpable.\u00a0 That means you can’t say “What are they stupid to think we’d pay them that much? ” as your defense.<\/p>\n

A jury trial will be a nightmare for Move, especially if that jury is in California.\u00a0 Twelve reasonably hard-working men and Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are so many ways to play the puns here.\u00a0 Who Moved my Rain?\u00a0 Move before you get Rained Upon.\u00a0 It’s Rainin’ Moves.\u00a0 All pretty goofy. In the interest of full disclosure, I’m biased but so is Greg Swann.\u00a0 Greg calls Active Rain stoopid technology, I call it useful,\u00a0 Again, my interest in Active Rain’s […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,19],"tags":[],"class_list":{"0":"post-1974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-technology","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1866,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1866\/active-rain-unleashes-impression-advertising\/","url_meta":{"origin":1974,"position":0},"title":"Active Rain Unleashes Impression Advertising","author":"Brian Brady","date":"August 28, 2007","format":false,"excerpt":"If they're ain't no margin, there ain't no mission. Active Rain has released it's revenue model to the network of 43,000 members. My only question is, \"What took you so long?\" In the interest of fairness, Jon Washburn, Caleb Mardini, & Matt Heaton are tech-guys. They always felt that if\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2508,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2508\/active-rain-cant-catch-a-break\/","url_meta":{"origin":1974,"position":1},"title":"Active Rain can’t catch a break…","author":"Greg Swann","date":"January 17, 2008","format":false,"excerpt":"T.S. Eliot:Should I, after tea and cakes and ices, Have the strength to force the moment to its crisis? But though I have wept and fasted, wept and prayed, Though I have seen my head [grown slightly bald]\u00a0\u00a0\u00a0\u00a0brought in upon a platter, I am no prophet\u2014and here\u2019s no great matter;\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3348,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3348\/localismcoms-top-management-address-active-rain-member-concerns\/","url_meta":{"origin":1974,"position":2},"title":"Localism.com’s Top Management Address Active Rain Member Concerns","author":"Brian Brady","date":"July 10, 2008","format":false,"excerpt":"Jonathan Washburn and Bob Stewart were my guests on a 45 minute interview about the new Localism.com: 1- Bob Stewart gave us an overview of the new Localism site and described its stated purpose. 2- Jon Washburn explained the history of the Localism portal and how polling the Active Rain\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":846,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/846\/give-my-umbrella-to-the-rain-dogs-the-bloodhoundblog-interview-with-rain-city-guide\/","url_meta":{"origin":1974,"position":3},"title":"Give my umbrella to the Rain Dogs: The BloodhoundBlog interview with Rain City Guide . . .","author":"Greg Swann","date":"January 3, 2007","format":false,"excerpt":"Beat out the Dustman with the Rain Dogs for I am a Rain Dog, too. A snippet:Q: What are some of your favorite blogs (real estate or otherwise)? A:Greg Swann: Totally unfair question: I have over 160 weblogs in my feed reader. From the RE.net, you can bet we like\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1474,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1474\/myspace-should-buy-trulia-zillow-and-active-rain\/","url_meta":{"origin":1974,"position":4},"title":"MySpace Should Buy Trulia, Zillow and Active Rain","author":"Brian Brady","date":"May 25, 2007","format":false,"excerpt":"MySpace, Active Rain, Trulia, and Zillow. The perfect merger. Active Rain: The best place for B2B sales in the real estate industry. Mortgage originators, title reps, and escrow officers who aren't playing in the \"Rain\" are missing out on an incredible opportunity. I'm not going to expand on that anymore\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2523,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2523\/active-rain-gets-275-million-in-funding-from-housevaluescom\/","url_meta":{"origin":1974,"position":5},"title":"Active Rain gets $2.75 million in funding — from HouseValues.com","author":"Greg Swann","date":"January 21, 2008","format":false,"excerpt":"Jonathan Washburn:ActiveRain has accepted a\u00a0minority capital investment from HouseValues designed to help us grow and become more of what we had always hoped we could be. \u00a0 A great deal of thought and consideration went into this decision. I\u2019d like to share some of that with you.\u00a0\u00a0\u00a0 \u00a0 2007 taught\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1974"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1974\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}