Re:Hot or Not acquired for 20 million
by utnick on Monday February 11, 2008 @09:37PM
(#113767)
Yea i don't see the point of selling for 20 mill when you are generating that much revenue. It shouldn't take that much of their time to run that thing, I would just let it ride.
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I don't see hot or not still pulling in 5M anually four years from now. Hot or Not seems like it's probably going to have a shelf life. While I think you do have an argument, taking the money is probably the best option.
Re:Hot or Not acquired for 20 million
by greendestiny on Monday February 11, 2008 @11:23PM
(#113805)
Not only that, but the founders tried to turn it into something huge and failed.
It's been going for over seven years so far, without much in the way of marketing. I don't see why it couldn't last four more years with a little more attention.
Last year they converted to a C Corp so they can't really pay themselves through the same way anymore.
http://james.hotornot.com/2007/02/on-having-balls-part-ii-st...