Valleynag seeking buyer
Rumors are flying that the hot new startup valleynag [disclosure: this is valleynag] is for sale. Most analysts value the company at around $10-20 million, a number owner George Hudson claims vastly undervalues the company.
Hudson points to several upcoming initiatives, including the new advertising platform, called “suez” which the company expects to dramatically improve monetization. Currently, the companies flagship site gets between 10-100 unique visits per day, which based on valuations of competitor facebook should be worth about $50,000 each.