Bido.com is a FLOP idea!! in my opinion.

First of all, I never found my way to the page where we are going to bid. It should be made faily simple to use, not so sophticated to find out where is the page to bid.

I always see the “domain” will be up for auction in xx time.

But it freaking never shows up to bid for me.

I just dont like Bido, and bido will never compete with Sedo @ speed bido is going.

Bido.com = flop.com

Good luck to sahar sarid, for his incredible low speed auction site.

Bido, while well intentioned and run by people who I greatly respect and admire, appears destined never to scale and therefore cannot contribute to the resolution of the liquidity crisis.

Hyper-vigilance for differences in commission rates is not and should not be the distinguishing factor in considering alternate sales venues. It costs money to run a business properly and without lucrative commissions, sales venues will lack the resources to attract sales.

Without liquidity and without sales, commission levels are meaningless. I’m happy paying 20% now and would be even happier paying 25%.

If I ran an auction site that only offered one domain per day, people would say that I was running a vanity site, regardless of how polished the auction platform might be.

Of all the internet start up’s in the domaining sphere that happen every day, Sahar & Co’s “Bido” [thats http://www.bido.com - just incase you bots didnt get it the first time] has had by far the most publicity.

Now Ive not had a chance to review the site yet, as high profile domain auctions are not where i find my diamonds in the rough but, Im sure its good and if you would indulge me further, the interesting point to all the publicity for me is how a core circle of domain bloggers (that seem to have suddenly become established) have really gotten the word out there. w00t. Thats great. If only it wasnt me that was stupid, maybe I could make some money also.

As for revenues Andrew, let me just say what you saw in last couple of weeks is nothing more than the very early stages of what we have in mind. We have tens of developers working on Bido and our other related domain ventures to better the industry, many technologies which are first built to suit our own needs however broader than Bido and are surely licensable to other auction houses and individuals, both in and out of the domain business.
Revenues at the moment isn’t a priority. Founders of Bido made significant money in the domain business over the years so your assessment of “not enough to justify” is on the money.
Thanks for the article, love your site by the way, great work overall!
All the best,
Sahar