Quote:
Originally Posted by Jon Clark
Just got my FastCompany mag today...
The kid said by 2010 with 48 million users they will be making $969 Million and they are in it for the long haul....
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A lot of things could happen in 3 years especially with the social networking sites, their core group of users are very trendy. If something hot and new pops up it could cut into his projections big time.
I have no idea what they making RIGHT NOW, but for a site like that I would sell for 3x what I am making a year right now. I wouldn't try to forcast what I will be making 3 years from now as a basis. If it makes 100 million a year right now and you offered me 300 or more I would take it. If you offered me 200 million i would pass. I doubt that site is making more than 100 million so 1 billion would be a great deal for him to cash in. But what do i know.
now if he was making some of that income from rebilling memberships + ads I would sell for 4 - 5 years income.