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Teenager turns down £8.5million to sell his website

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

  1. MatthewN

    MatthewN Well-Known Member

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    #41
    I dont believe you can predict that he will not get another offer. Maybe his world doesnt revolve around money. It sounds like he is happy to work where he works even though he might not need to. That doesnt make him stupid ;)
     
    MatthewN, Mar 15, 2007 IP
  2. SlickR

    SlickR Active Member

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    #42
    I was going to say that to you!
     
    SlickR, Mar 15, 2007 IP
  3. ashiezai

    ashiezai Peon

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    #43
    I do not understand why is the boy offer 8.5 mil but then he said, "I could walk away with about £4million — but I’m not interested in that at the moment.”

    What happened to the 4.5mil ?

    And I'm really interested to know whether this is a self-promotion of the kid or a real story. I wonder if the media verified the offers that the kid get or just did an interview with the boy and everything is told by the kid.

    In my eyes, maybe a linkbait strategy? There must be some one who purposely send the information to the media to catch their attention.
     
    ashiezai, Mar 15, 2007 IP
  4. T0PS3O

    T0PS3O Feel Good PLC

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    #44
    3 Letters.

    T, A and X. Or maybe he has partners with equity.
     
    T0PS3O, Mar 15, 2007 IP
  5. SlickR

    SlickR Active Member

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    #45
    yap may be. I knew it was too good to be true. I mean come on who in their rightful mind would offer 8.5 millions for a stupid off-line website and more interesting yet who the heck would reject it!
     
    SlickR, Mar 15, 2007 IP
  6. yfs1

    yfs1 User Title Not Found

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    #46
    The fact that you don't know you have to pay tax on earnings and pay back investors is even scarier :eek:
     
    yfs1, Mar 15, 2007 IP
    T0PS3O likes this.
  7. SEOLinker

    SEOLinker Banned

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    #47
    I am not sure I understand about what you are going to say to my comments ? Can you please explain this ? I wrote this comments as explain to this situation.
     
    SEOLinker, Mar 15, 2007 IP
  8. yfs1

    yfs1 User Title Not Found

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    #48
    What does a Ponzi Scheme have to do with anything :confused: - Are you sure you posted that in the right thread?
     
    yfs1, Mar 15, 2007 IP
  9. SEOLinker

    SEOLinker Banned

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    #49
    Yes I am sure, what this guy is doing it's this pure scheme. It's all about having the “right people” and the “right money” involved.
     
    SEOLinker, Mar 15, 2007 IP
  10. yfs1

    yfs1 User Title Not Found

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    #50
    I still have no idea what you are talking about
     
    yfs1, Mar 15, 2007 IP
  11. SEOLinker

    SEOLinker Banned

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    #51
    SEOLinker, Mar 15, 2007 IP
  12. yfs1

    yfs1 User Title Not Found

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    #52
    1.) Thats someones opinion of a different site
    2.) Its link bait itself (All there is is a post)
    3.) He is talking about Venture Capitalists who invest for different reasons then established companies who can take a market share and use it to compliment their own, therefore making even more money
     
    yfs1, Mar 15, 2007 IP
  13. SEOLinker

    SEOLinker Banned

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    #53
    Wow, probably you don't even read the post. But already replied with 3 statements, ok!

    So point 3 in your conclusions have nothing to do with this situation (I mean this thread on DP)?
     
    SEOLinker, Mar 15, 2007 IP
  14. Roman

    Roman Buffalo Tamer™

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    #54
    From the article: The site makes £2,500 a month.

    Pretty stupid not to sell.
     
    Roman, Mar 15, 2007 IP
  15. T0PS3O

    T0PS3O Feel Good PLC

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    #55
    Doesn't apply at all...

    "A Ponzi scheme is a fraudulent investment operation"

    He got an offer to sell, not an investment. Incorrect...

    "that involves paying abnormally high returns (”profits”) to investors"

    £8.5M to Mr Coates Jr. Correct...

    "out of the money paid in by subsequent investors"

    Nick only put in time, certainly not any significant money judging by his Comet job. Incorrect...

    Therefor, this is nothing to do with Charles Ponzi.
     
    T0PS3O, Mar 15, 2007 IP
  16. yfs1

    yfs1 User Title Not Found

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    #56
    I read that when he first wrote it last month
     
    yfs1, Mar 15, 2007 IP
  17. massiva

    massiva Active Member

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    #57
    year and a half ago I was making 5-6K with hyips and autosurfs, until 12dp debacle.

    I can't see how can be this ponzi scheme??

    I think the guy should wait and see how this story will affect his earnings.
     
    massiva, Mar 15, 2007 IP
  18. SEOLinker

    SEOLinker Banned

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    #58
    Okay, guys, then thanks for clearing this out for me.

    TOPS30, in that post on SEOblackhat I assumed that Mybloglog was also takes only time and not some money, however we don't know the backstory about this Nick site. And also there are also talking about selling, not investment. Author of post jst say that it's reminds him this scheme.

    And no, my post have nothing to do with reputation or something like that, lol
     
    SEOLinker, Mar 15, 2007 IP
  19. T0PS3O

    T0PS3O Feel Good PLC

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    #59
    A Ponzi scheme is more like you convince someone to part with his money based on the perception he will double/triple etc. his money and hence make money. Like a pyramid scheme.

    Nick isn't convincing anyone to part with their cash in return for more.

    The Black Hat guy reckons that is exactly what today's VC's do. They find a widget for sale (MyBlogLog) which is fairly hot, find a buyer (Yahoo) and say to them "Oi, Yahoo! Pay $10m and you'll make gazillions! No, it doesn't matter MyBlogLog only makes pennies, I'm telling you, once your name is on it, it WILL make you billions!".

    That's how SEOBlackHat comes to the conclusion of VC's acting like a Ponzi scheme.
     
    T0PS3O, Mar 15, 2007 IP
  20. T0PS3O

    T0PS3O Feel Good PLC

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    #60
    T0PS3O, Mar 15, 2007 IP