Douglas A. McIntyre of 24/7 Wall St., a blog about stocks and other Wall Streets preoccupations, wrote an interesting post titled the Twenty Five Most Valuable Blogs.
The post attempts to attach value to the listed blogs by guessing their traffic and ad sales. From private conversations with other bloggers and Neatorama's internal traffic statistics, he's underestimating many of the blogs' traffic. But he's making it up in the valuations - they are stratospheric! ($48 million for PerezHilton? LOL!) Now I know why Wall St. gets in trouble with dot com bubble, subprime mortgage mess, etc.
Lo and behold, Neatorama's on it! While I'm not sure why this lil' blog is valued at $1.5 million (where do I cash out?), it's still nice to see that we're being talked about alongside some of the most famous names in blogs. :)
Link - via Weblog Tools Collection
It raises an interesting question. If you have a property that is worth 1.5 million, and it generates a quarter-million a year, do you sell out? You'll get six years of income and not have to work everyday. You'd get more if you worked it for more than six years, but that's, you know, work. I suppose it depends on the hard numbers. In my situation, I would take the money and run, since I am nearer to retirement age than Alex is, and I am a single parent who doesn't spend enough time with my kids (who will be adults in another ten years). I could retire now on a million and a half. If the numbers were smaller, it would take some thinking...
I wouldn't begrudge anybody the opportunity to make that kind of money, but I hope you keep doing what your doing.