Everything you said, is what we basically did. Believe it or not
Sure you did
Either total bs or you're leaving out some crucial detail.
Building Websites Strictly for Big Budget Acquisitions
- Thread starter $$DerekDavis$$
- Start date
Sure you did
Either total bs or you're leaving out some crucial detail.
Who cares if he's trolling, just ignore his dumb ass and all the other trolls. There's no point in replying to the retards claiming this is retarded. Do your thing nigga.
This idea is somewhat intriguing. I think there is potential here, but I also believe you are approaching it wrong. I would shift your mindset from looking at this as a get rich quick approach, to building something of value that could get acquired for about $3-10 mil.
I see you said your first attempt worked for about $25k, which isn't too bad. However, now you and your partners are starting to build a name and reputation for yourself. I would use this as a positive. Investors are more willing to listen to you if you have a track record selling companies to others because it shows you can create something of value.
Now if you go the route of just purposely trying to scam startups into buying out your companies, you will start to be exposed. The thing is, most Venture Capitalists know each other and hang out at the same country clubs and talk business all day long. They know who bought what, who invested in who, and who is trustworthy. Right now you have the advantage of being an unknown, so you can still shape your reputation.
The good news is that tech startups are currently being overfunded and flooded with cash, so if you can create a company of value, you have a very good chance of being acquired.
If I were you, I would get away from thinking about making a couple thousand dollars. That's pocket change right now. I would build up a legit business and create an exit strategy that cashes the company out at around $2-10 million or more.
For example, about 18 months ago was the perfect time to create a Groupon business model in a city that they didn't expand into yet. Build up a huge list of customer email addresses, make a professional looking website, and invest in some marketing and PR for your company, and you could likely have sold to Groupon for $300k or more 6 months later.
Now is the perfect time to build up a legit tech company for about 12 months and cash out for a couple million.
I see you said your first attempt worked for about $25k, which isn't too bad. However, now you and your partners are starting to build a name and reputation for yourself. I would use this as a positive. Investors are more willing to listen to you if you have a track record selling companies to others because it shows you can create something of value.
Now if you go the route of just purposely trying to scam startups into buying out your companies, you will start to be exposed. The thing is, most Venture Capitalists know each other and hang out at the same country clubs and talk business all day long. They know who bought what, who invested in who, and who is trustworthy. Right now you have the advantage of being an unknown, so you can still shape your reputation.
The good news is that tech startups are currently being overfunded and flooded with cash, so if you can create a company of value, you have a very good chance of being acquired.
If I were you, I would get away from thinking about making a couple thousand dollars. That's pocket change right now. I would build up a legit business and create an exit strategy that cashes the company out at around $2-10 million or more.
For example, about 18 months ago was the perfect time to create a Groupon business model in a city that they didn't expand into yet. Build up a huge list of customer email addresses, make a professional looking website, and invest in some marketing and PR for your company, and you could likely have sold to Groupon for $300k or more 6 months later.
Now is the perfect time to build up a legit tech company for about 12 months and cash out for a couple million.
Everything you said, is what we basically did. Believe it or not
Good luck with that...
You may want to email screenshots of your awesome layouts to big cos, they'd be stupid not to pay big bucks to stop you eating into their profits with your bi monthly press releases.
Honest opinion? They're the big boys in the industry for a reason, and it's not because they're stupid. Before buying you out, they're going to want solid financials, will do their own due diligence, etc. Once they discover you're a nobody, and this is just a ploy, they'll politely tell you to fuck off. All the while, they'll just sick their team of lawyers on you, and get you shutdown for some minor reason (trademark, copyright, patent infringement, whatever...).
If you're going to go up against the big boys, I'd be very careful with your steps. They have alot more power than you, and can squash you like a cockroach (especially when they find out your business within the industry is about as big as a cockroach).
PS. You're playing a risky game. Make one small mistake, and boom, $300,000 judgement against you. Tread carefully. Why bother buying you out, when they discover you mistakenly infringed on their IP, and they can just sue you, take your site, and financially send you back to the stone age?
i don't understand how this could work. i've seen some dumb acquisitions in my lifetime, but before each purchase there's this process every buyer goes through called "due diligence."
durinllg this process, information is shared / disclosed. the most important component being FINANCIAL STATEMENTS. was your company purchased showing zero revenue and no assets? if so, that's great, but lightning rarely strikes twice.
i have seen roll-ups purchase "shell" companies in an attempt to make themselves look bigger. imagine a crappy company purchasing a bunch of smaller crap companies, to make one super-mega crap company. i know... IT'S COMPLETELY AWESOME!!!
moreover, the specifics of a buyout typically DO NOT consist of all cash. usually, there's a stock component and more typically an "earn-out" where the acquiree can earn multiples of the acquisition price if they meet certain predetermined benchmarks during the earn-out period.
i'm not saying that you can't continue to try and do what your doing. but i'd say try and actually ADD VALUE with the acquisition targets your creating. you'll be much better off in the long run.
durinllg this process, information is shared / disclosed. the most important component being FINANCIAL STATEMENTS. was your company purchased showing zero revenue and no assets? if so, that's great, but lightning rarely strikes twice.
i have seen roll-ups purchase "shell" companies in an attempt to make themselves look bigger. imagine a crappy company purchasing a bunch of smaller crap companies, to make one super-mega crap company. i know... IT'S COMPLETELY AWESOME!!!
moreover, the specifics of a buyout typically DO NOT consist of all cash. usually, there's a stock component and more typically an "earn-out" where the acquiree can earn multiples of the acquisition price if they meet certain predetermined benchmarks during the earn-out period.
i'm not saying that you can't continue to try and do what your doing. but i'd say try and actually ADD VALUE with the acquisition targets your creating. you'll be much better off in the long run.
This all sounds a little crazy.
If your intent is to show yourself as something that you are not and then market yourselves as such, it is called fraud.
Fraud will get you time at Club Fed.
You have now stated publicly, on this forum, your business model which is based on deception.
There are 20 other ways on this forum, maybe even 200 other ways, to make money legitimately. Why would you want to do it this "clever" way?
I knew some guys that thought it would be a great idea to cookie stuff, oh, here come the feds.
I knew some guys at the foreclosure auction that thought, why bid against each other, if anyone in their group of 10 is the high bidder, they stopped bidding, and then held an auction amongst themselves later that day and split the proceeds. Sounded like a good idea, until the Feds showed up.
I know a guy who thought it would be easier to tell everyone how many memory cards he sold and not really sell any. It was called Centennial Technologies.
The number of people that have a clever idea are everywhere. Some know they are committing fraud upfront and others simply cannot believe how "clever" they are and how stupid everyone else is. Any business plan that is based on deception, will eventually end with the Feds at your door.
--- Here's one and I will give it to you for free. Start a Reg D OTC company with agent, market maker, etc. It will cost you a couple thousand, maybe $10K if you are not that bright. Then sell it as a shell for $100K in a few months. Crap, that plan is not even illegal nor deceptive and a hell of a lot easier than your current path.
If your intent is to show yourself as something that you are not and then market yourselves as such, it is called fraud.
Fraud will get you time at Club Fed.
You have now stated publicly, on this forum, your business model which is based on deception.
There are 20 other ways on this forum, maybe even 200 other ways, to make money legitimately. Why would you want to do it this "clever" way?
I knew some guys that thought it would be a great idea to cookie stuff, oh, here come the feds.
I knew some guys at the foreclosure auction that thought, why bid against each other, if anyone in their group of 10 is the high bidder, they stopped bidding, and then held an auction amongst themselves later that day and split the proceeds. Sounded like a good idea, until the Feds showed up.
I know a guy who thought it would be easier to tell everyone how many memory cards he sold and not really sell any. It was called Centennial Technologies.
The number of people that have a clever idea are everywhere. Some know they are committing fraud upfront and others simply cannot believe how "clever" they are and how stupid everyone else is. Any business plan that is based on deception, will eventually end with the Feds at your door.
--- Here's one and I will give it to you for free. Start a Reg D OTC company with agent, market maker, etc. It will cost you a couple thousand, maybe $10K if you are not that bright. Then sell it as a shell for $100K in a few months. Crap, that plan is not even illegal nor deceptive and a hell of a lot easier than your current path.
step 1: add "vitamins" to water, step 2: send email to 50 cent, step 3: write press release, step 4: buy a country
one thing I don't get is:
1) You talk to a company -> the guy gets your name
2) He buys your thing and realizes it's nothing but smoke and mirrors
3) Posts your info on places like hacker news etc.
4) Next time you approach someone with the same offer they just google you up and.... i don't know... post more stuff about you on hacker news?
1) You talk to a company -> the guy gets your name
2) He buys your thing and realizes it's nothing but smoke and mirrors
3) Posts your info on places like hacker news etc.
4) Next time you approach someone with the same offer they just google you up and.... i don't know... post more stuff about you on hacker news?
I think it was Steve Wynn did a similar strategy to get started in becoming a Vegas Hotel Tycoon in the offline world.
His strategy: Bought land next to The Sands Casino, and start a high profile campaign to build the largest Casino in Vegas.
Sands felt threatened so they offered Wynn a nice chunk of cash to sell his land.
It turns out, Wynn never had enough money to close escrow on the land in the first place. But the money from the Sands deal, he was able to close escrow, then turned around and sold the land to Sands. ---instant millionaire.
Genius.
Note: resources not verified. I think I saw it on Discovery channel. I'm pretty sure it was Steve Wynn.
I remember thinking WTF! The story blew me away.
His strategy: Bought land next to The Sands Casino, and start a high profile campaign to build the largest Casino in Vegas.
Sands felt threatened so they offered Wynn a nice chunk of cash to sell his land.
It turns out, Wynn never had enough money to close escrow on the land in the first place. But the money from the Sands deal, he was able to close escrow, then turned around and sold the land to Sands. ---instant millionaire.
Genius.
Note: resources not verified. I think I saw it on Discovery channel. I'm pretty sure it was Steve Wynn.
I remember thinking WTF! The story blew me away.
Nice Scam... Disregard the haters.
Slightly better than flipping sites on Flippa, on an ongoing basis, with the added chance of the Long shot of a Stupid Big Boy buying you out for 2-3 Mill
Plus, as you go along, you will learn and get better at the scamming
Slightly better than flipping sites on Flippa
, on an ongoing basis, with the added chance of the Long shot of a Stupid Big Boy buying you out for 2-3 MillPlus, as you go along, you will learn and get better at the scamming
I remember that show, it was actually Caesars. He bought a parking lot strip next to Caesars off Howard Hughes and flipped it after starting rumors that he was going to build a new casino on it.
That is genius...
But he bought a real bit of real estate, a parking lot and actually scared real businesses by investing real money (ok he didnt have as much as he claimed) into a competing business.
The OP's plan to scare multi million dollar businesses into parting with cash and convince due diligence lawyers, accountants and smart investors his awesome site is worth an infinite multiple of the $0 it is earning is:
Then:
..........it's like an idea a 14 year old had to make money.
rofl!!!!!
You're about to have one hell of a rude awakening.
Probably a good idea to first do the research before making statements like that.
Honestly... I'm gonna start looking into this because the OP sounds like a real amateur and an even bigger and better mark for an easy lawsuit to bank off of... Got loads of pals, that bank off this shit for a living. Thanks for making yourself into a lead.
Thanks for the info.. sorta.
Still.. if you want to brag about shit like this, you're going to need to post your proof here without the bullshit package you're trying to sell... and if we find out that you're lying... you will get reamed. Hard.
Until then, I think he's either full of shit, or just a total amateur waiting to get made into an easy mark by a pro setup.
Thanks for the info.. sorta.
Still.. if you want to brag about shit like this, you're going to need to post your proof here without the bullshit package you're trying to sell... and if we find out that you're lying... you will get reamed. Hard.
Until then, I think he's either full of shit, or just a total amateur waiting to get made into an easy mark by a pro setup.
I'm surprised Jon didn't ban you for getting people to add you on skype.....
Disregard haters. Fuck posting proof, you shouldn't have to in order to have a decent conversation around here.
Disregard haters. Fuck posting proof, you shouldn't have to in order to have a decent conversation around here.