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07-20-2007 #1
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LS1Tech.com SOLD! ... other forums as well
Are we next? lol
http://ls1tech.com/forums/showthread.php?t=751874
I hope Tony and John made a bundle.. I would guess it sold for around $500k, based on revenue, but that's just a guess.
I guess this same company bought a bunch of forums including CorvetteForum.
I expect Tony to have a super badass PT car now. ;)
Last edited by Steve1968LS2; 07-20-2007 at 06:59 AM.
"A ship in port is safe, but that's not what ships are built for."
1968 Track Rat Camaro:
https://www.youtube.com/watch?v=SGHJ5c1yLIo&t=2s
1971 Chevelle Wagon with a few mods:
https://www.youtube.com/watch?v=WBVPR3sRgyU
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07-20-2007 #2
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- Jul 2001
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- Detroit, Michigan
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That's some crazy money.
If Larry sells he'll finally be able to finish that Camaro of his.
...unless the wife wants a new house. LOL!!!1968 Pro-Touring Camaro LS1
Project: Next Year
- Start date; June '01
- Completion; Sometime next year or the year after.....
07-20-2007 #3
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- Aug 2004
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- New Jersey
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Thats it! I'm starting my own $ite
Camaro Convertible Build Pics - http://s447.photobucket.com/albums/qq198/rob07002/
www.musclerides.com
Rob Stevens
07-20-2007 #4
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If Larry sales, I better be first in line to buy...hehe
Bill
Trailers are for BOATS!
07-20-2007 #5
Banned
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- Aug 2003
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- Orlando, FL
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- 8,745
Nope, Larry ain't sellin, I have tried that before! He's in it for the love, not the money.
07-20-2007 #6
Administrator
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- Thousand Oaks California
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Unless it's like Bill says "Stupid money" LOL!
Originally Posted by ProdigyCustoms
I really do enjoy the site.
Congrats Tony and gang. That took a lot of time and work to build it as large as it is. I still can't imagine a board that size.Larry Callahan
Founder/Administrator of Pro-Touring.com, G-Machines.com and HostMyJunk.com
To advertise on Pro-Touring.com click here
07-20-2007 #7
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- Aug 2004
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- Dunwoody, GA
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I feel the same as so many people on LS1tech and that is that I hope Tony and John got a hell of a lot for money for their site. Congrats for sure.
Trey
"The early bird may get the worm, but the second mouse gets the cheese."
~ Jon Hammond
1979 WS6 Trans Am stock LT1/T56 drive train out of my Formula. BMW M-parallel rims. C5/C6 brakes
build thread https://www.pro-touring.com/showthre...ghlight=begins
07-20-2007 #8
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- Oct 2004
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- Denver, CO
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- 125
wow. i wonder how long they held out before it was sold.
07-20-2007 #9
Pro-Touring Veteran
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- Jun 2002
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- Long Island, NY
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Congrats on the sale, Tony!
07-20-2007 #10
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- May 2002
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- Northern California
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- 10,716
thats great. Tony should save some cash for an LS3 site. Call it LS3.com...gotta plan for the future right? Hope the site doesn't change.
MrQuick ΜΟΛ'ΩΝ ΛΑΒ'Ε
07-21-2007 #11
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i dont see how you can sell a website? if someone was to buy it, how are they profitable?? i gusse what im asking is, where does the money come from if you were to buy a website for 500k? how do you get your money back..
Matt
07-21-2007 #12
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- Apr 2001
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- The Netherlands
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advertising.....
good for Tony, I hope he did good on the sale (financially)
and Larry doesn't need to sell this site to finish his Camaro...he just needs to start working on it again
Martin
07-21-2007 #13
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- Dec 2006
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- Eastern NC
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Congrats on the sale! i just hope things don't change on any of the boards, they are the best around.....
07-21-2007 #14
Pro-Touring Veteran
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- Jun 2002
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- Long Island, NY
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Advertising revenue. Lots of it. Originally Posted by muthstryker
07-21-2007 #15
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Over 90,000 members Originally Posted by Ralph LoGrasso
Over 150 advertisers
At what.. $150 a month?
Do the math
"A ship in port is safe, but that's not what ships are built for."
1968 Track Rat Camaro:
https://www.youtube.com/watch?v=SGHJ5c1yLIo&t=2s
1971 Chevelle Wagon with a few mods:
https://www.youtube.com/watch?v=WBVPR3sRgyU
07-21-2007 #16
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- Join Date
- Jul 2001
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- Detroit, Michigan
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- 6,854
Here's the math......
$150 x 150 = $22,500 a month
Around $270,000 a year.
Well...that settles it, folks. We're all officially in the wrong business.1968 Pro-Touring Camaro LS1
Project: Next Year
- Start date; June '01
- Completion; Sometime next year or the year after.....
07-21-2007 #17
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- Jan 2006
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- Snohomish, Washington
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Originally Posted by trapin
yes we are, who wants to start a forum with me ?!?Matt
07-21-2007 #18
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- Dec 2004
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- HILLBILLY HOLLYWOOD, TENNESSEE!!!
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Starting an internet forum is cheap and easy. Having a subject of interest that a LARGE number of people find interesting AND are willing to spend their time each and every day to visit is DIFFICULT!
The rate of website failures or just plain unprofitable websites is LARGE so when you see a site that's successful it is usually one of very few that cover that specific subject that IS successful. Obviously given the LARGE memebership numbers at LS1tech, there are a LOT more people interested in LSX engines than PT cars.
Advertising is where it's at! More hits on the site, more advertisers, MO MONEY! See it's really not that hard after all!
07-21-2007 #19
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IF those numbers are anywhere close to reality they got more than $500K. Originally Posted by trapin
07-23-2007 #20
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- Houston, TX
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Try $225/month Originally Posted by Steve1968LS2
Over 90,000 members
Over 150 advertisers
At what.. $150 a month?
Do the math
Thanks for the congrats everyone, and the compliments about the site. When we started it in Nov 2001, we had no idea that it would grow as quickly as it did. We had reached the growth potential of the company, as our revenues could not support a full time staff to run it on the front end or tech side of things. With the acquisition, we gain an entire IT staff, dedicated sales, accounting, invoicing, legal, customer service, etc... group to see the site reach higher levels.
We are still operating/managing LS1Tech, but I'm also looking into other things to invest in. I'd like to get out of the offshore oil/gas industry someday soon
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