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Teenager turns down £8.5million to sell his website

Discussion in 'General Chat' started by Claudek, Mar 15, 2007.

  1. #1
    Claudek, Mar 15, 2007 IP
  2. procrastinator

    procrastinator Peon

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    #2
    he shouldve sold it ... and .. made another site on similar theme :p
     
    procrastinator, Mar 15, 2007 IP
  3. slayer

    slayer Well-Known Member

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    #3
    well its a lot of money, but if i we're very dedicated to a project, like he is i wouldn't sell neither
     
    slayer, Mar 15, 2007 IP
  4. scart3r

    scart3r Notable Member

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    #4
    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.
     
    scart3r, Mar 15, 2007 IP
  5. w3bmaster

    w3bmaster Notable Member

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    #5
    Well if he was ofer 8.5 milion it seems that the site produces good money (so why sell it)
     
    w3bmaster, Mar 15, 2007 IP
  6. britishguy

    britishguy Prominent Member

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    #6
    Good luck to him, and he seems a likeable young dude too :)
     
    britishguy, Mar 15, 2007 IP
  7. edy

    edy Peon

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    #7
    I would, this guy is crazy, I guess he could use the money to build another massive project.
     
    edy, Mar 15, 2007 IP
  8. edy

    edy Peon

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    #8
    edy, Mar 15, 2007 IP
  9. T0PS3O

    T0PS3O Feel Good PLC

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    #9
    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? ;)
     
    T0PS3O, Mar 15, 2007 IP
  10. SlickR

    SlickR Active Member

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    #10
    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.
     
    SlickR, Mar 15, 2007 IP
  11. T0PS3O

    T0PS3O Feel Good PLC

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    #11
    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.
     
    T0PS3O, Mar 15, 2007 IP
  12. Claudek

    Claudek Well-Known Member

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    #12
    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.
     
    Claudek, Mar 15, 2007 IP
  13. T0PS3O

    T0PS3O Feel Good PLC

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    #13
    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!
     
    T0PS3O, Mar 15, 2007 IP
  14. SlickR

    SlickR Active Member

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    #14
    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!
     
    SlickR, Mar 15, 2007 IP
  15. T0PS3O

    T0PS3O Feel Good PLC

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    #15
    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.
     
    T0PS3O, Mar 15, 2007 IP
  16. SlickR

    SlickR Active Member

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    #16
    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!
     
    SlickR, Mar 15, 2007 IP
  17. tokyoice

    tokyoice Well-Known Member

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    #17
    His website isn't even loading for me..
     
    tokyoice, Mar 15, 2007 IP
  18. Josh-H

    Josh-H Active Member

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    #18
    8.5 million would have set him up for life. I don't see why he hasn't accepted that.
     
    Josh-H, Mar 15, 2007 IP
  19. yfs1

    yfs1 User Title Not Found

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    #19
    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.
     
    yfs1, Mar 15, 2007 IP
  20. FreakyLime

    FreakyLime Guest

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    #20
    I'd sell it!

    All that money.... *Drools*
     
    FreakyLime, Mar 15, 2007 IP