Just to make something clear on this...
I have a lot of respect for Ryan Eagle. Both personally and professionally. He's a solid businessman, and a great competitor to go up against. I love to fuck with him. He knows this all too well. Playing jokes on him is great fun. He's a really good sport. And anytime there were ever issues with payment for someone random that called in a favor with me to get something worked out with Eagle, always got done, right away, no questions asked. That's the kind of guy Eagle is.
He didn't ask me to post this, and if he did, I would have trolled him hard about it. We have our differences as everyone does. I think there are a lot of things he could or should be doing to grow his business and make it far more profitable than it is now, but what I think, just like what you think, doesn't matter. Its his own business and he will run it anyway he wants to, with whomever he wants to. One of his biggest problems now and forever, is loyalty. Being loyal to the wrong people. But he has a real hustler mentality, and people need to see and respect that. He follows his own code of ethics too.
He's marketed himself VERY well. Those of us, myself included, that used to laugh at his posts and his self promo style, are NOT his target client audience. We're just part of a bigger game. He may seem like a joke to most of you, but that's because you don't know him or what his goals are. That's fine too, because he executes them masterfully.
I don't want to see EWA go down in flames. I really don't. But I think that some of the miscalculated business decisions made in the past are catching up to them, and like one member in this thread pointed out, the most common issue is non-payment/payment issues that lead to a network going bust. Its very true. A few payment issues each week or each month are normal. Advertisers aren't exactly the shining light either. Nor are other brokers and networks. There are always issues it seems. It would suck to see them go, but then again, this is a cutthroat industry, this is a business. This entire industry is all about making and losing money, as quickly as possible, for as cost effectively as possible. This industry reminds me a lot of the merchant processing industry, in the sense that the barrier to entry is low, the cash commissions are cheap and plentiful, there is little exclusivity left and/or creativity/unique solutions to hock, but most of all, it relies on one thing. Managing your risks effectively. People in our industry are VERY bad at managing risk. Just like in processing, ISO's and their resellers and even their acquiring banks are just horrible and in the stone ages when it comes to managing their risks correctly and effectively.
(I'll make a new thread to rant at you other networks)