Clickshare For Sale (plus a followup)


The Clickshare Service has been shut down. The home page, and a directory of technical and marketing information, is still up at http://www.clickshare.com. The two initial publishers are no longer using the service to authenticate subscribers. The service can still be demonstrated -- but only "by appointment".

Co-founder William P. Densmore, Jr. was again effectively in charge after the incoming CEO left in early December, soon followed by the technical staff and co-founders. (For my description of earlier developments, see Clickshare Set Back.)

He got nowhere during three precious months. Unwilling to focus solely on cleaning up a messy corporate structure and selling the company, he and the remaining board members resigned February 28 and closed down the active authentication portion of the service. The home page now includes a pointer to Clickshare Service prototype suspended, where an as-ever-optimistic Densmore gives few clues to the reality of Clickshare's current status.

Ironically, many recent online events have highlighted the need for a service like Clickshare. Clickshare continues to receive inquiries from possible users and investors. Do you know of any possible purchaser? A buyer could be acontent provider, an ISP, a telco, or any other entity that who would launch the service (the software operates perfectly on several server platforms), provide non-exclusive software licenses to create an immediate revenue stream, secure strategic partners, and continue development efforts.

In my opinion, any established company purchasing Clickshare will be able with low initial financial outlays to obtain a controlling interest plus sufficient access to Clickshare's technical and marketing resources to help bring the product to market. (Of course, existing shareholders will want to ensure their participation in the future upside potential of Clickshare, and the company's existing debts can be deferred.)

Several Clickshare shareholders have been authorized to act as commissioned agents in finding buyers for the company or the technology. If you are interested in pursuing this, you can contact Felix Kramer (or Densmore), or the agents, chiefly:

Gregory M. Rogers (the most recent outgoing chairman of the Clickshare Board of Directors) 608/274-0323 or <grogers@mail.tds.com>

Stephen D. Kramer (Felix Kramer's brother, and founder of a Bay Area hi-tech startup) 510/452-1492 or <nephets2@aol.com>

FLASH

Steve Outing's March 7, 1997 Stop the Presses column carries a report on Clickshare's status. The March 10 column includes a shorter version of my response below:

Bill Densmore disputes my statement that the company and its technology are now for sale. Densmore's view is not shared by Greg Rogers, Clickshare's immediate past Board Chair -- he's one of the commissioned agents who has been talking to potential purchasers. We've lost enough time to founderitis.

It is almost inconceivable to me that Densmore would pass up the opportunity for a speedy resolution of the situation (which would require completing the previously planned merger the two companies) and instead launch a time-wasting and probably unsuccessful effort to gain greater ownership and control. I hope if a buyer appears, he will return to his senses, and set Clickshare free.

Otherwise he risks being seen as the Internet's version of the stubborn mother in King Solomon's parable.


Return to: Clickshare Home Page | Kramer Communications Home Page |Clickshare Set Back

WA

This page (http://www.nlightning.com/clickshare/forsale.html) written 4 March and updated 10 March 1997