Just read the article
Quote:
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Debra Aho Williamson, a senior analyst at eMarketer, says it is on track to bring in $100 million in revenue this year--serious money indeed.
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The site is "
on track" to
bring in 100 million this year. How much of that is
PROFIT
IMO even if he makes his 3 year goal which I think is way over optimistic because it does not factor google and others buying up his competitors and cutting into his "future" share of the market he is banking on. Even if he comes close to his projections, it might still take 5+ years for him to come close to PROFITING 1 Billion.
insaine to pass this up. I would bet he doesn't come close to making 1 billion when this is all said in done. Only if he sells it. It wont happen from income generated from the site (profit).
The guy has had one hell of an achievement. but his past shows he does not have have a lot of experience with stuff like this. Ex hacker, hits it big with a site, 22 year old kid. I wouldn't say " well he must know what he is doing". I am sure he is getting advised but I would help the people advising him don't benefit from him keeping it
Lots of snakes in the grass.
This will be interesting to watch.
Not to mention, you site gets hacked (the irony since he was a hacker) or you have a major programming error, something happens to piss people off and they leave by the thousands, etc... watch the value of yoru site tank over night. Especially when google and others will be gunning for your ass.