37Signals is selling it’s designer portfolio board:

We either sell it by July 1, or we close it down. And we’ll make it easier this time so there’s no guessing: The price is $480,000, cash. No special deals, no partial payments now the rest later, no equity in your company, etc. $480,000 cash and it’s yours.

Is the fact that Sortfolio is not just generating revenue but also profit a hindrance for all the VC’s in the Valley?

Perhaps Facebook should buy it for $480 million?