Rich Jerk on the Auction Block

If you’ve got a spare $8 million sitting around under your mattress, and you’re looking for a horrid investment, might I suggest buying the Rich Jerk empire?  It’s up for sale, and the asking price is a cool eight million dollars – not exactly chump change.  As I’m prone to do, I have to ask why in the world would the Rich Jerk sell out if his business is doing so fantastically well?

The reason is that the Rich Jerk focuses on MFA sites, which as well all know, are in the process of being ground into extinction by Google.  If ever there were a good time to get out of the business, now would be it.

Here’s my thinking though.  If someone does have $8 million laying around to waste, wouldn’t he or she have the resources to build a company from the ground up, without having the need to buy one?  I can only imagine the difficulty and the headaches involved in transferring ownership of an entire company like this, and then trying to move the business forward. 

Starting fresh and creating a new company from scratch seems to be a better choice to me.  Someone in this position would have plenty of cash to burn, so initial cash flow wouldn’t seem to be a problem.  There doesn’t seem to be much good reason to buy the Rich Jerk empire.  With a bright mind and enough cash, it just seems easier to duplicate it, improve on it, and end up with more money.

2 Comments

  1. Adam Ferguson said

    May 24 2007 @ 12:07 pm

    According to Shoemoney, it’s because the Rich Jerk isn’t all that rich after all… I guess he’s just a jerk?

    http://www.shoemoney.com/2007/05/22/rich-jerk-kelly-felix-selling-the-empire-to-avoid-bankruptcy/

  2. Leroy Brown said

    May 25 2007 @ 5:14 am

    Bankruptcy eh? Well I guess no one would buy his stuff if he was just known as
    The Jerk
    right?

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