TrafficDude Bankruptcy?
 

Anybody else heard? Chances of getting any money back on this one?

What? Where did you hear this?

:D

Link or pics or something... 8-/

Here is what I got today.

Greetings...



It is my obligation to inform you that Traffic Dude is closing its doors.

Traffic Dude as our personal assets are being liquidated thru a bankruptcy court appointed trustee.

All Advertisers with a balance of undelivered campaigns will be paid from the proceeds of the liquidation of all assets.

I am very sorry for any trouble this has caused for you.



If you have any further question please feel free to contact Mac Gallegos.



Mac Gallegos Attorney at Law

Phone: 719 544 1200

Fax: 719 546 0754

Email: [email protected]



Thank You



---------------------

Tony Gallardo

Um. Wow.

:Oh crap

Wow, I guess I won't be pissy that they didn't get back to me then. Just wow.

I'm guessing that he wasn't selling tube traffic :(

Yeah we have some funds still in there. Woops.

Did I read that right? He is closing the doors due to a personal bankruptcy?

Trafficdude was an alright dude.

Been hearing about this all day from our Publishers and our Advertisers. First, good luck to Scott. Known him and the whole TD crew for years and years and they've ALWAYS been very cool, straight-up business folk.

Next, for Publishers, anyone looking to get something up and running ASAP because of this feel free to hit us up. We can have you setup in less than 3 hours! Remember, with MadAve you can use us as an ad rotation solution so you can run ANYONE you want: AAW, Etology, Adbrite, etc. So if you want you can set us up to run TrafficDude as well if you want to stick with Scott and crew to see how this plays out.

Last, these are tough times folks. Don't EVER put all your eggs in one basket. Publishers look at your traffic like a stock portfolio: you need to keep it DIVERSIFIED! The BEST formula I've seen for making the most off your traffic is to slice a bit off to send to the affiliate programs yourself so figure out what your traffic is worth, sell as much you can yourself, and send the rest to SEVERAL ad networks being sure to set your minimum pricing they sell it for in line with what you can make all day long off the affiliate programs. Look at ALL the numbers and optimize your rotation based on what's making you the best RPM (revenue / 1000 impressions). Heh, not too coincidentally that's EXACTLY what we built MadisonAvenue.com to do for FREE for any Publisher :)

Marc is correcto mundo. Diversify.
Hopefully he picks up a few publishers as I have a few K with Marc as well. :)

Great tips there MadAve :thumbsup

Yup, Marc knows what he's talking about:thumbsup

Spoke with them several times on the phone and in person.
They always seemes like good people.
I suspect they will not be the last to fall this year.

Yup, they were always nice and business like :thumbsup

obama for change

Very sad news, Tony and Scott are fantastic guys and were always a pleasure to deal with.

Crazy shit!

Sorry to hear that happen to anyone.

That's cause there ad network sucked.. They only allowed you to put up R rated banners on XXX rated sites.. DUGH.... I never could figure out the logic behind this and why all my ad buys on their network always did poor..

I guess being a stand up guy doesn't gaurantee you a solid business plan...

Learn something new every day I guess!

BINGO !!!! the smartest thing said thus far.:2 cents:

Being that I once worked for TD I have nothing but good things to say about the company despite the unfortunate circumstances that they are facing now. In regards to your quote Justin.....you may not have experienced a beneficial ROI but I can assure you that several other companies did. And as for there reasoning for R rated banners only, that was in relation to 2257 documentation needing to be held when using xxx rated banners that would be hosted on their server. They were simply covering their ass from any legalities that may have occurred by offering XXX rated banner hosting.

All in all, both Scott and Tony are wonderful people and I wish them all the best!

Wow, this is big news! :(

But, maybe I don't understand the backruptcy process, but how does a personal bankruptcy affect the business? Unless, of course, it wasn't incorporated... (which doesn't sound like a smart thing).

im also sorry to hear this

I got an email too. Outstanding balances will be paid with proceeds from liquidation... ouch

wow, you never know till it happens

Heard about this several days ago... thought it was a joke to begin with but then realized it was very, very serious.

Honestly, very sad to see TrafficDude go down.
I have had nothing but respect for this company.

Anyone seeking a new solution for ad networks, feel free to contact me to discuss. Our network continues to grow quickly with sustainable income and on-time payments.

bad economies always squeeze out middle men.

tough one

That is what I garnered from it as well. They have been around too long to have not done that. :2 cents:

Wow. I hate to see this happen. I wish Tony and Scott all the best.

I can only concur with Kiwi - during the time I worked with Scott & Tony they always did their utmost to do their best by me, and in making their business relationships long-lasting ones. This most definitely could not have been an easy decision. These are rough times for many it seems, and even the best of people can be hit by that. :(

That must be why they haven't replied to my email after they spammed me a few days ago asking if I wanted to advertise with them. Guess I was lucky

Did anyone else receive this correspondence? :helpme

It shouldn't... one of the primary purposes of having a corporation is to create a separate entity, breaking liability between personal and corporate and also corporate and personal. Very odd.

If you run any business at all and make any kind of money, you should have a corporation.

It's a real shame that they are going out of business. We used to work with Trafficdude years ago and I credit Scott especially with helping us take a giant leap forward in business and marketing back when we were n00bs. SCOTT, SIR: YOU WILL BE MISSED.

a lawyer using a gmail account?

My deepest condolences to both Scott and Tony. I have known them all the way back to 1996 when Scott was with WebSideStory and we have been very dear friends and done business with them ever since. Of the people I can count on 10 fingers in this industry (or any industry, for that matter), they have the highest degree of integrity, intelligence and compassion, paralleled by none. I wish them both the very best in the future.

Colin at Wasteland

kind of odd isn't it

i dont know their situation, but its not uncommon for a bank or a vendor to make the corp officer/s sign a personal guarantee with regard to corp debt ...

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Can anyone actually confirm this? I'm not seeing it anywhere else except in this thread referencing a poorly written email.

Agreed. Best of luck to Tony and Scott, I know that they tried their best and am sorry to hear that things can't be figured out.

Brad

Hard time. I wish them the best in the future.

This is unfortunate. RIP.

Tony and Scott are very upstanding guys, i am sure they will land on their feet with whatever they decide to do in the fututre :2 cents:

http://www.trafficdude.com/ their site is still up...

Sad sad news. Scott was one of my first mentors when I worked at Websidestory.