Warrior Forum acquired by Freelancer.com for $3.2mm
- Thread starter WinningIO
- Start date
This^^
I'm guessing someone has said to him, or he's heard something through the grapevine and he's cutting and running.
Because $3.5M is not what it's worth in terms of pure rev.
I'm guessing at a minimum it's worth $6M and that's giving it away.
I don't operate in MMO/IM niches but that whole Niche is heading for a whack.
I'm guessing that forum is going to get pulled up and a lot of "big name marketers" are gonna get outed.
The fact WF has been taken over I can't help but think those who have relied on that place for income i.e: built there entire web assets on there must be absolutely shitting a brick right now.
(O_o)
H̨̼̩͐̑͆̀̚&
WaFo will be bringing on Adam Prattler and Ryan Eagle as managers !
Its going to turn into a bustling place!
Its going to turn into a bustling place!
guess the phrase "something is only worth what someone else is willing to pay" doesn't seem to compute with a board full of marketers.
dont feel bad
dont feel bad
I think people are more shocked that someone else didn't scrounge up more money to outbid. It sounds extremely low.
If he is in the United States all he would have to do is pay capital gains tax on that which is around 20% or so, on long term investments/assets.
What shall I say, I used to pull in $10-15k/month revenue from the warrior forum, nowadays the amount of new clients is staggering low. Maybe a few k/month of new business.
Luckily I setup a monthly service so I have nothing to complain but still, it has been stable for a long time now, would be nice to see some growth.
Based on that I think the WF is experiencing a downward trend and the bid is based on that.
Cause honestly I thought the forum would be worth at least 10 million, I did some math back then (just look where your thread is the next day and count the bumps) and that indicated that the forum should make at least $1/million a year.
How can you ever sell that for $3.2mill, even if there's a downward trend, totally amazed.
Luckily I setup a monthly service so I have nothing to complain but still, it has been stable for a long time now, would be nice to see some growth.
Based on that I think the WF is experiencing a downward trend and the bid is based on that.
Cause honestly I thought the forum would be worth at least 10 million, I did some math back then (just look where your thread is the next day and count the bumps) and that indicated that the forum should make at least $1/million a year.
How can you ever sell that for $3.2mill, even if there's a downward trend, totally amazed.
They paid about $4.5 per user.
If Wickedfire was offered a buyout from Freelancer for the same valuation we'd be worth about $18 per user. Not far off from reality IMO, but we all know Jon would never take such a paltry offer.
If Wickedfire was offered a buyout from Freelancer for the same valuation we'd be worth about $18 per user. Not far off from reality IMO, but we all know Jon would never take such a paltry offer.
He's probably getting to keep a piece of the action on top of the big pay day. That is unless he bought a $4.47 WSO on how to sell your site for millions.
Inb4 wickedfire sells for zimbabve $..
either way Jon don't need to sell this he's banking so hard he even got time for coaching on the side, he don't need any money.
Does anyone know how that $3.2 mil is paid?
I mean is it ...
$3,150,000 in Freelancer stock
and
$50,000 in Dogecoins
or something like that?
I have a feeling it is not a pair of suitcases full of hundred dollar bills totaling $3,200,000
Really sounds like
#takethe$$$andrun
I mean is it ...
$3,150,000 in Freelancer stock
and
$50,000 in Dogecoins
or something like that?
I have a feeling it is not a pair of suitcases full of hundred dollar bills totaling $3,200,000
Really sounds like
#takethe$$$andrun
3.2 mil before taxes.
Have fun pocketing 2 million dollars for one of the biggest marketing forums in the world.
Have fun pocketing 2 million dollars for one of the biggest marketing forums in the world.
So is it a free and clear "take the money and run" scenario, or is he obligated to continue to run the place for the next year or two as part of the deal? What kind of salary is he going to take down if that's the case? Is there full time staff beyond the mods there? Do they or the long serving mods get anything out of the deal? 3.2 mill seems awfully low for a 17 year old marketing forum with 3/4 of a million members (though how many were actually active?).
Meh.
Meh.
According to his post he wasn't hired on to stay so it should be just a straight, all cash sale.
I'm not really surprised by the 3x multiple but I was thinking the revenue number would have been higher than that.
I'm not.
I'll tell you why in my next ebook, Ultimate Internet Money System, pre-order for 29.99 and get a bonus pic of my big brown eye.