Tuesday 6 December 2011

Another .com bites the dust due to lack of viable business model

VisualCV.com website will be ceasing operations, effective December 30, 2011.

An interesting case study  … the site maybe technically brilliant and solve a problem/need but doesn’t reach the tipping point of users and doesn’t have a viable business model.

This is the email notice from VisualCV

Dear VisualCV Member
We regret to inform you that the VisualCV.com website will be ceasing operations, effective December 30, 2011.
Since our launch almost four years ago we've been gratified by the response to VisualCV, and how it has enabled thousands of professionals to better represent themselves online. Even more importantly we have been delighted to see VisualCV help people secure significant new career positions. However, we have been unable to turn the site into a viable, self-supporting business and therefore we reluctantly made this decision.
We recognize that many of you need time to recover your resume data from VisualCV -- which is why we are providing you with thirty days' notice. We recommend saving a PDF copy of your current VisualCV. You can easily do this by clicking on the button on the bottom of the page you see when viewing or editing your VisualCV. We also recommend you separately save any images, videos or documents in your portfolio that you do not currently have stored somewhere else.
To ensure we meet all our members' privacy concerns, we will destroy all user data once website operations have ceased. This includes any and all backups we have. As a result, once the deadline has passed it will not be possible for us to recover any member data. You can be assured that we will not be providing any user data to third parties of any kind.
We will be contacting the small number of paying customers that still have active subscriptions to arrange a prorated refund for the months remaining on their annual subscription.
Thank you for all your support over the past four years. We wish you well in your future career endeavors.
Best Regards,
The VisualCV Team
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