AuctionAds On The Sale Block!

[Drake]

When it is made public, I want an apology from you Drake for using the LB crap.

Sure if it gets oficial I will. You probably have someone at one of those companies teeling you whats going on. But it does sound a bit linkbaity.

Strangely enough, Show has a new show on webmasterradio.fm with a new logo and intro. There is one show on there now. In the 40 minute show he mentions VC money in that 6 out of 10 VC investements fail, 2 break even, and 2 hit it out of the park? So who has he been talking to have all this nice statisitcs in his head?

And he talks about auctionads quite a bit often quite nostaligic. Then he slips up on saying he owns auctionads and then it sounds like he says he "runs" auctionads. Weird....

Shoemoney tends to talk a lot, often a bit too much. I would like to play poker with him sometime. Of course his bankroll would probably scare me out of most hands.

 

[toolohen]

Only a few times cocksucker.. and admitted to it each time pretty quickly, doh!

But this isn't about me.. it's about AA. I still think they should wait. But if I were the buyer, now is definitely a good time to buy it for under 10 months of revenue.

Why the hell did Wesley get banned? For speaking out against Jon?

Tyrants!

 

[cc23]

Talk about a quick flip..... but i am not surprised...its business.

 

[cashflowrusty]

In the last NetIncome (not the new ShoeMoney Show) I believe Shoe said that they were extending the 100% payout indefinitely. The AA plan for making money off this deal was to hit that top tier, and then negotiate a special tier with eBay and take the difference (special tier - top tier = AA $$).
That way they could still offer 100% payouts, and still make money.

That is just what I get from the WMR show(s)...

 

[TripleFiveSoul]

SOLD! Check out TechCrunch

Solid Info Jon

 

[Jon]

SOLD! Check out TechCrunch

Solid Info Jon

Yeah, just saw the news. Booyah! Who called this one right?? Oh, was that me? Oh yeah, I know.

But seriously. Much thanks to our boys and girls in the field getting us insider information on companies and people that no one else gets. Also much thanks to anyone and everyone who sends us anonymous tips. You can always send it to Jon AT Wickedfire.com, and request to be anonymous, and unless I'm subpeonad for the contact, your info will be kept quiet (but it needs to be real and verified.)

Oh yeah.. congrats to Shoemoney on the sale. That was pretty damn quick. How much did you guys make on the sale at the end, or do I have to try and guess?

Here's the story from TechCrunch.

MediaWhiz Buys Another Ad Startup, AuctionAds

 

[UberPreppy]

so is $1m a month auctionad's cuts or is that the total amount the users are generating?

Some people need reading lessons.

They're generating $1m a month in revenue, which 100% is being paid out to the advertisers. From my understanding, I don't think AA was making a penny.

 

[georgiecasey]

wow, insider information here, this place isn't full of egotistical 14 year olds like i thought.

fair play to shoe, everything he touches turns to gold.

 

[Jon]

wow, insider information here, this place isn't full of egotistical 14 year olds like i thought.

fair play to shoe, everything he touches turns to gold.

Hey, 20 and 30 somethings here.. not teens. Go to DigitalPoint or Nambla.org if that's what you're looking for over here pal.

 

[Drake]

Ok Jon I thought it sounded real when I heard that podcast and now it is very real.

<formal apology>
You were right and this was a total scoop I didnt see anywhere else. :bowdown:

And the buyer was one of the companies on your list. :bowdown:

News Exclusive on WF!

</formal apology>

 

[Jon]

Ok Jon I thought it sounded real when I heard that podcast and now it is very real.

<formal apology>
You were right and this was a total scoop I didnt see anywhere else. :bowdown:

And the buyer was one of the companies on your list. :bowdown:

News Exclusive on WF!

</formal apology>

Thank you.

 

[natekapi]

So did anyone hear what the final sale price was? I really can't believe Shoe let it go so early. I'm a little surprised he didn't really build it up to like 50,000 or 100,000 publishers and sell then.

 

[sebastya]

shoe or MW aren't disclosing the price...bitches..lol

 

[natekapi]

Yeah but it sounded like Jon had the inside scoop

 

[Webferret]

They got $8 mill for it, about enuff 2 pay off the Jerk

 

[josefromsf]

$8 mill ... yeah right ... for a company with a lot of technical problems and user complaints (see forum posts) at the time of sale not to mention NO profit and less than a year of operation ...

$8 mill my ass more like $800k which was so low he asked patrick to keep his mouth shut about it

 

[Jon]

I tried to get a dollar amount that it was sold for.. but no one was talking. Time for plan B. Alchohol & Roofies at the next conference..

 

[Xrproto]

Well considering this: "Media Whiz how they were going to be a minority stake holder in AuctionAds and provide customer support and the mass payment knowledge. We structured it so that we both owned 50% each of the company that owned the majority of AuctionAds."

That could mean shoe and pickle (sp?) at least owned 25.5% of the company each. So together they would have at least owned 51% of the company while Cheese Whiz owned at the most 49%.

Considering Cheese Whiz was involved pretty much from the start they had inside knowledge of everything or one would think so since they owned a slice of the cheese already.

My guess is they both walked away with a nice chunk of cheese from Cheese Whiz.

Speaking of which, ritz crackers + pickles + cheese whiz = yummy!

Ranking for cheese whiz!