68 points? what happened today? it has been because reddit has been unavailable?
Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
21–30 of 36 posts
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#22Earlier quoted context omitted.
Didn't mean to criticize her, but to add more information. Anyone like to valuate her startup?
4 times revenue? So around 4 million. I'd still be surprised if she took that offer. Her best method of growth seems to be competing with Weebly with her page generating software. I assume that unlike Weebly she'd be willing to put ads on the pages of her users, so that could also be very profitable.
Where'd you get 4 times revenue? Even that is low-ball for a company with a million in revenues and nearly zero costs. Of course, in most tech acquisitions it's not an all-cash deal and lots of stock in the new owner comes along with it.
But still 1.6 million for a company with a million in annual revenues is an offensively low offer. Whoever made it ought to be ashamed of trying to take advantage of a 17 year old girl that way. Good for her for not being overwhelmed by the big numbers. Even if sales topped out today, and she never saw any more growth, that's a business worth tens of millions over a lifetime. And, worst case, if all of the markets she deals in dry up over the next three years...she still makes enough to retire comfortably on (and a lot more than a measly 1.6 million). I suspect that with her business savvy, though, she'll be able to continue to build into new areas.
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#2368 points? what happened today? it has been because reddit has been unavailable?
It's a fantastic story with a lot of appeal to young entrepreneurs? (Reddit also sucks these days, but I don't think it's all recovering redditors traffic.)
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#24Earlier quoted context omitted.
4 times revenue? So around 4 million. I'd still be surprised if she took that offer. Her best method of growth seems to be competing with Weebly with her page generating software. I assume that unlike Weebly she'd be willing to put ads on the pages of her users, so that could also be very profitable.
Where'd you get 4 times revenue? Even that is low-ball for a company with a million in revenues and nearly zero costs. Of course, in most tech acquisitions it's not an all-cash deal and lots of stock in the new owner comes along with it. But still 1.6 million for a company with a million in annual revenues is an offensively low offer. Whoever made it ought to be ashamed of trying to take advantage of a 17 year old gi…
I recognize that 4x revenue is a lowball offer and she probably wouldn't take it. But a standard 10x revenue seems way too risky to me in an emerging market of teenagers. I'm sure I could find better things to put my money in, if I actually had money to invest. There's also no telling how much worse the company will do if the former founder becomes a complacent employee.
It was an "associate" of Myspace cofounder Brad Greenspan who made the acquisition over. Brad Greenspan was the guy who accused Rupert Murdoch/News Corp of defrauding investors by undervaluing Myspace. Even more insultingly they came back with an offer to give her $700,000, a car, and her own internet TV show which is clearly much worse than the previous offer.
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#25First post!! Very inspiring, saw this on digg. I am glad to see some women internet entrepreneurs. Also, that sector of the market is very hard to break into, try doing a search for myspace layouts. These websites are plagued with ads. She said in her article she focused on user design and branding which is key. As much as we all hate myspace. We have to think also, there is a new younger breed of myspace users that…
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Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#26Earlier quoted context omitted.
Where'd you get 4 times revenue? Even that is low-ball for a company with a million in revenues and nearly zero costs. Of course, in most tech acquisitions it's not an all-cash deal and lots of stock in the new owner comes along with it. But still 1.6 million for a company with a million in annual revenues is an offensively low offer. Whoever made it ought to be ashamed of trying to take advantage of a 17 year old gi…
I recognize that 4x revenue is a lowball offer and she probably wouldn't take it. But a standard 10x revenue seems way too risky to me in an emerging market of teenagers. I'm sure I could find better things to put my money in, if I actually had money to invest. There's also no telling how much worse the company will do if the former founder becomes a complacent employee. It was an "associate" of Myspace cofounder Bra…
"I recognize that 4x revenue is a lowball offer and she probably wouldn't take it. But a standard 10x revenue seems way too risky to me in an emerging market of teenagers."
That's a risk of any early stage acquisition. If you're strongly risk averse, you aren't doing this kind of deal. Every tech startup at this early stage has dozens of unpredictable variables, but when you have a strong cash flow, explosive growth, and plenty of users, the value goes way up.
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#27Earlier quoted context omitted.
4 times revenue? So around 4 million. I'd still be surprised if she took that offer. Her best method of growth seems to be competing with Weebly with her page generating software. I assume that unlike Weebly she'd be willing to put ads on the pages of her users, so that could also be very profitable.
Where'd you get 4 times revenue? Even that is low-ball for a company with a million in revenues and nearly zero costs. Of course, in most tech acquisitions it's not an all-cash deal and lots of stock in the new owner comes along with it. But still 1.6 million for a company with a million in annual revenues is an offensively low offer. Whoever made it ought to be ashamed of trying to take advantage of a 17 year old gi…
>> And, worst case, if all of the markets she deals in dry up over the next three years...she still makes enough to retire comfortably on (and a lot more than a measly 1.6 million).
This thought makes the last few sentences in the article a bit offensive:
>> Just a 17-year-old and her big dreams in a pink, pink, pink world full of promise. And if they don't come true? Well, there's always college.
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#28So how does she make all that money? Advertising? Contracts she's won?
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#2968 points? what happened today? it has been because reddit has been unavailable?
It's a fantastic story with a lot of appeal to young entrepreneurs? (Reddit also sucks these days, but I don't think it's all recovering redditors traffic.)
Yes, I like the story, it is inspiring. But 70 points are a lot. Is there a top-10 list of most voted stories?
Re: Teenage Girl's MySpace Layouts Worth Millions, Drops Out Of High School
#30Earlier quoted context omitted.
It's a fantastic story with a lot of appeal to young entrepreneurs? (Reddit also sucks these days, but I don't think it's all recovering redditors traffic.)
Yes, I like the story, it is inspiring. But 70 points are a lot. Is there a top-10 list of most voted stories?
news.ycombinator.com/best