Interesting thing to do. Would you sell in you were him? Story at http://www.thesun.co.uk/article/0,,2-2007120092,00.html
well its a lot of money, but if i we're very dedicated to a project, like he is i wouldn't sell neither
How cool! I think if I was offered that much, I would have to think about it. But he has been building it for 5 years - it would be pretty hard to let something like that go. I have been working on mine for 6 months - and can't imagine parting with it.
Why does he do 10 hours at Comet for say £5 an hour = £50 pre-tax if he makes £2,500 already? Maybe he sells electrical goods on his site?
WTF!? He is making only 2.500 from advertising, so lets say every month that money is increasing. so in 12 months and every month with an incresment of 500 pounds he will collect: 35.500 brithis pounds. with an increasing rate of 10.00 per year he will need 100 years to come close to 3 millions. So what he did is a huge mistake! So surley he's out of his mind, and when i visited he's website it wasn't even online. Stupid kid, thats why you need to be 18 years to have full rights beacose at lower age you can do stupid stuff like that. You can do stupid stuff even on 50 though but you get my point.
Dude, it's Linkbait. He rejects it for now so it hits the news, now it probably got Dugg to death. Massive traffic spike and thousands of people blogging about it = more people get to know about it so he'll get more users and traffic = it's worth more. When he's 18, he'll probably sell it for £40-60 million instead.
The website is actually http://www.sharpenews.co.uk/ It is up - a bit slow cause it is probably getting Farked and if the guys at digg got the story, getting Dugg as well.
Your post is exactly my point, another link to him... Another bit of promotion. LOL, it's all down and out - moving to new servers: http://www.hertsyouth.com/sn/ - his tactics are working, it's a good problem to have. Now people bookmark it to come back later. You never sell on the first offer!
yeah right, if that company has vicked sick boss or totally stupid comission they would pay that kind of money. Man WTF are you thinking, 40-60 millions is HUUUUGGGEEEEE amount of money. With that kind of money i can start 50 business and make profit from all of them. A website is not worth that kind of money. I can fu***ng buy the whole family for that kind of money!
You obviously have not been following any M&A news. Try subscribing to Venture Beat or TechCrunch or do some homework before calling 40 million a lot of money. Remember friends reunited? Built in a week, sold for £200 million. MySpace anyone? YouTube? £40m is nothing. Anything with a good niche market, like this one, is worth loads to advertisers. To them, £200m isn't all that much. Do you have any clue how much they pay for TV ads t reach the same audience? With the internet taking over TV as the UK's favourite pastime, sites like this with millions of teenagers are a good deal to snap up.
man WTF are you talking about, You are living an a virtual world no offense! Anyonw would be better of just buying land in the center of a city then puting a HUGE ad on that land and it will get a lot more attention! He's website has 89million hits in 18 months. Hist are only 1/4 of the visits so 89/4 =22.4 million visits. visits are only 1/4 of the number of unique hist so 22/4=5.5 million, that number is only 1/4 of the NEW visits so 5.5/4= 1.3 million different people saw his website in a perion of 18 months! Now that number is not near enough to be called wide market! Plus if you take that 1/4 don't don't even notice the ADS thats a very small number of people that will click,/see AD and not to mention buy something from the company advertising, so in other words it's not worth shit!
Not worth shit??? It already has an offer of £8.5 million and is getting worldwide press (which will only add value) You haven't even addressed TOPS30's last response to you where he answers exactly where the value comes from. Buying a piece of land doesn't guarantee revenue or market share so your comparison is completely off base. As far as taking a payment that will "Set you for life", do you think making enough to retire is what motivates any of the Top 100 Entrepeneurs in the world? Of course not.