It always starts small. Coolrunning gets sold. Then Running Times is bought by Runners World. Then it gets bigger. Texas Utilities gets bought by the hedge fund for $32 billion.
Now letsrun.com is on the block. I just received the following email.
I'm interested in letsrun.com
How much will you sell it for?
Not sure how to respond. I've asked 2 people so far. They both had the same response. "$1 million." But then Robert quickly changed that, "No $2 million, you've got to pay the taxes".
So I figured I'd let you guys give some input. In the past I had said we would sell out to the Qataris but this might be a little better for you, our soon to be ex-posters, as the party wanting to purchase us has an American name. So at least you'll likely be able to still post on here in English and won't have to go to Runnersworld.
So enjoy posting on here while you can. My apologies if I'm slow in responding. I'm busy looking at properties in Central America.
Weldon, never state a price to an unsolicited offer.
You should feign disinterest at first with something like "Let me get back to you on that."
Then they'll contact you again if they are truly interested and have a lot of money to play with.
Then you should precipitate THEIR offer.
Unless you are desperate to sell letsrun, NEVER NEVER NEVER give them a price.
You should refuse the first offer, the second offer and the third offer.
Questions you may ask yourself:
1) How much does letsrun.com cost me today?
2) How much will letsrun.com cost me next year, 3-5 yrs. from now?
3) How many advertising $ do I receive now? In 2-5 yrs if track/XC takes off with a Tiger Woods/Micheal Jordan-type figure, etc (dream big)?
4) How much time do you spend on it currently?
5) Research if similar forums have been sold.
I'd say you'd be very fortunate and blessed to receive $1-2 million based on the amount of traffic (miniscule in the grand scheme of things) on this site, but this site does have $1-2 million of potential.
Now for the full, unredacted email
I am barrister Lionel Udokpa. I represent Mohammed Abacha, son of the late General Sani Abacha, who was the former military Head of State in Nigeria. He died in 1998. Since then, the family has been losing money due to the vindictive government officials who are bent on dealing with the family.
Based on this, therefore, the family has asked me to seek a foreign partner who can work with us as to move out a total sum of USD 75,000,000.00 (SEVENTY-FIVE MILLION UNITED STATES DOLLARS). All of this can happen legally provided we acquire a valid US asset such as your Website, Letsrun.com, and its World famous message board.
This money was of course, acquired by the late president and is now kept secretly by the family. The Swiss government has already frozen all the accounts of the family in Switzerland, and some other countries would soon follow to do the same. this bid by some government officials to deal with this family has made it necessary that we seek your assistance in receiving this money and in investing it on behalf of the family.
This must be a joint venture transaction and we must all work together. since this money is still cash, extra security measures have been taken to protect it from theft or seizure, pending when agreement is reached on when and how to move it into any of your nominated bank accounts. I have personally worked out all modalities for the peaceful conclusion of this transaction. the transaction definitely would be handled in phases and the first phase will involve the moving of us $25,000,000.00( twenty five million united states dollars ).
My clients are willing to give you a reasonable percentage of this money as soon as the transaction is concluded. I will, however, based on the grounds that you are willing to work with us and also all contentious issues discussed before the commencement of this transaction. you may also discuss your
percentage before we start to work. As soon as I hear from you, I will give you all necessary details as to how we intend to carry out the whole transaction.
Please, do not entertain any fears,as all necessary modalities are in place, and I assure you of all success and safety in this transaction.
Please, this transaction requires absolute confidentiality and you would be expected to treat it as such until the funds are moved out of this country.
Please, you will also ignore this letter and respect Our trust in you by not exposing this transaction, even if you are not interested.
I look forwards to meeting with you in Mombasa, Kenya in March, at your convenience, as to effect the final transaction.
BARRISTER LIONEL UDOKPA
Endeavor to respond through this my confidential email address:
Seriously - delete this thread and get a lawyer. The first rule in negotiations is he who first gives a price loses. You'd be suprised at what something like this is worth.
Sell it before someone like Alberto Salazar, Brad Hudson, or Mark Wetmore closes this site down because they sued it for libel against them on the message boards.
I like how everyone complains about the ads on the site and then gets upset at the thought of LetsRun being sold. I'm hoping it's a joke, but perhaps it will make a few of you realize that the internet isn't free anymore.
facebook: $750 Million
youtube: $1.65 Billion
Did I type $1,000,000? I misplaced a 0.
Should have been $10,000,000.
Our net profits are much bigger than Amazon.com's, Sirius Radio and XM.