So, the other day a friend of mine emailed me a news article from www.webpronews.com – Seemingly a 22 year old called John Wu has just sold his blog for $15 million!!!!!
A snippet from the article below:
…Bankaholic.com is a one-man WordPress blog run by 22-year-old Johns Wu, who just got the deal of a lifetime when he sold it to BankRate for $15 million, proving that blogging dreams really can come true…
The rest of the article can be viewed at http://www.webpronews.com/topnews/2008/10/07/size-doesnt-always-matter-authority-does
Courtesy of www.webpronews.com – Author Chris Crum.
Anyway, this got me wondering…Can you imagine how the conversation went between John and BankRate when they showed some interest in buying his blog? Here’s my version of how the deal was brokered…
<<Ring ring, ring ring>> goes Wu’s top of the range Samsung mobile…
JW: Hello?
BR: Is this Bankaholic.com?
JW: Yeah…
BR: I’m calling from BankRate blah blah blah and we’d like to buy your blog…
JW: Oh yeah,…Really, it’s not for sale…and I’m busy, I’m in the middle of Resident Evil on my Wii…
BR: But you haven’t heard our offer…
JW: Yeah I know…but I’ve just got to level 14 and I’ve never made it this far…
BR: we’d like to offer you at least 10 for it…
<<PAUSE>>
JW: 10? (Cheeky bastards it cost me at least 15 thousand to build)…Are you taking the piss? It’s worth at least 20…
BR: You drive hard bargain sir but our absolute maximum is $12 million, we just don’t value it at $20 million…
JW: Excuse me? $12 million? Is this a wind up?…
BR: Ok ok sir, $15 million is our last offer, we just can’t go any further…
<<PAUSE>>
<<PAUSE>>
JW: Let me have a think ok yes!
Anyway, I take my hat off to the guy for building something so quickly (actually, I’ll take a lot more off if John Wu wants J !) – So any offers for Albacasucci.com?
xxx

