What do you think of this idea or if it has already been done?
A website to sell your failed startups. Someone else might like the idea and add on to it or put a twist of their own. A failed startup or even one you're tired of. Just wondering if the selling to other part would be simple or a lot of paperwork, like switching LLC, etc owners.
I believe this has already been done to some extent -- you can buy/sell side projects on Transferslot (https://transferslot.com/), and there a fair number of alternatives here (https://www.producthunt.com/alternatives/transferslot-2-0). I'm not sure that these products encompass all the services like paperwork and LLC complexities though.
@Wishy
If you go onto Product Hunt and Beta List you will find quite a few websites doing the service you mentioned. Here's how you could differ from the other players in the market
1.Do a complete due diligence of the seller's product before displaying it on the website.
2.Start with small failed side projects which founders are ready to sell for few thousand or hundred dollars.
3.Offer the service of taking care of all the paper works.
4.Have a detailed description of the product/service so that the potential buyer has all information before making a decision.
5.Team up with a designer to offer re-design/re-branding solution for the buyer.
6.Make the service very personalized to the point where both the seller and buyer have alot of confidence in the service. I've seen websites displaying thousands of businesses for sale , it looks too generic and loses my trust. As Paul Graham says "do things that's dont scale"
http://paulgraham.com/ds.html
flippa.com?
I think sites where you sell online businesses have escrow services, and probably attach terms (eg Selling the code, domain name, contacts, etc?). I think the idea is kind of interesting, but probably something you'd want to validate.
Do you anticipate people wanting to buy an entire business? My first thought was someone wanting to buy well-written code that can be re-purposed. Could be an interesting off-shoot idea to take failed projects and generalize the code so others could purchase it as a code template.