I just got off of the phone with a pretty well known person who runs a company that snaps up big properties and he offered me $16 million for WickedFire. The whole offer was $16M over 3 years or $11 million at one shot. Needless to say, I turned him down without even thinking twice about it.
I am not posting this to brag either. I told him I'd be posting about it and he seemed okay with it and said "are you sure you don't want to think it over for a week?". He had sounded pretty surprised about me turning him down too. By far one of the strangest business phone conversations I've had in a long time.
While we were chatting for the whole 12 minutes or so that it lasted for, I brought to his attention that we have ZERO revenue here, and that we are under a year old. Even if we had revenue coming in, I doubt it would go anywhere over the $2M/year mark. He said something to the tune of "I've been hearing a lot about your forum, and if it's grown that quickly at such an early stage, I'm kind of shocked that no one has made a similar offer for it sooner". Well, we did have an offer about a month ago for a few million dollars, but I laughed at the person because I didn't think he was serious.
I know for a fact that this offer was legitimate and that the person/company is reputable, so there is no issue about that. I just find it pretty surreal to turn down an offer like that and not be phased out by it.
2007 is going to be a weird year, and surreal in so many ways I think.
/vent
I am not posting this to brag either. I told him I'd be posting about it and he seemed okay with it and said "are you sure you don't want to think it over for a week?". He had sounded pretty surprised about me turning him down too. By far one of the strangest business phone conversations I've had in a long time.
While we were chatting for the whole 12 minutes or so that it lasted for, I brought to his attention that we have ZERO revenue here, and that we are under a year old. Even if we had revenue coming in, I doubt it would go anywhere over the $2M/year mark. He said something to the tune of "I've been hearing a lot about your forum, and if it's grown that quickly at such an early stage, I'm kind of shocked that no one has made a similar offer for it sooner". Well, we did have an offer about a month ago for a few million dollars, but I laughed at the person because I didn't think he was serious.
I know for a fact that this offer was legitimate and that the person/company is reputable, so there is no issue about that. I just find it pretty surreal to turn down an offer like that and not be phased out by it.
2007 is going to be a weird year, and surreal in so many ways I think.
/vent
