Quote:
Originally Posted by quiet
what is this guy thinking? buying shares through paypal with no contracts, no biz plan, no nothing. should just sell the domain and cut his losses. jesus.
did he really pay half a mill for that domain, with no idea how to develop it, and no money to develop it? yikes.
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The domain was reported sold for 350k, but word was the original owner wanted a half a million which is what Graham is reporting in the video as what he paid for it, so who knows.
If you look at his progression of posts starting from 6 months ago, its clear that originally he had absolutely no clue how much investment it was going to take to put up a cam site. 6 months ago, I and a few others told him everything that was involved and he just scoffed at us as if we were full of it.
Instead of trying to learn the cam niche from those of us who have been promoting it for years, he began spouting off his pie in the sky numbers. His stubborn pride and unwillingness to admit he greatly underestimated all thats involved in starting a cam site has cost him 6 months return on his domain.
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