Was bored at work on this Friday afternoon so I wandered back to the ever-dwindling CC scene. This thread got me thinking...how much is BigWham actually taking home as the owner every year? Let's crunch some numbers (I am a big math guy after all
) that are probably totally wrong but I
really don't feel like working. Please do tear my numbers apart. I'm curious what people think.
Ok, so if I look at the scoreboard, I see 4,537 active users. Let's say half of those are premium (which is probably overstated but let's be generous).
4,537 * 0.5 = ~2,250
Annual premium is now a whopping $31 (yikes, this was around $10 when I started a decade or so ago).
2,250 * 31 =
$69,750Now there's probably 100 or so members who are very involved and earn lots of credits or get free premium perks (KA?) or something like that, so let's shave off that number to $65,000, which is probably closer to realistic. I don't think CC has any other revenue streams...there is no advertising, no other buy-in options on the site, etc.
What are his expenses? I have no idea what the cost of running a website is, but when I look online I see "software or web hosting renewal" which can range from $5 to $99 a month. Let's say $50 a month. And I see "domain SSL recertification" which is nominal...like $10 annually (let's ignore that). I don't think any of the mods are paid; my understanding is they are volunteers. Maybe his right-hand man or two gets a little paycheck but let's ignore salaries too. So $50 a month = $600 a year. Let's say his expenses in total are $1,000 because I'm probably missing some small items.
So I get a bottom line net income of
$64,000 for 2023. Maybe it's only $30,000, maybe it's as high as $80,000, but somewhere in that range. I don't think he's reinvesting any of that income into the site at this point for meaningful improvements. My guess is BW is just taking his yearly distribution of $50k or so every year and waiting until he recoups his investment.
How much did he buy the site for from El Jefe? Certainly a lot more than it's worth now, as at that time CC was precipitously declining but was still relatively close to its peak. I have no idea...maybe 15,000 active users? And still relatively fresh from lackattack's initial release of the site?
Let's say he bought it for half a million. It would take him a decade to recoup his investment at the current rate. My guess is he has already recouped his investment or has gotten close, and at this point does not think meaningful investments are worth the detraction from his distribution. I think he came into ownership with good intentions and wanted to revitalize to lackattack's level and ameliorate El Jefe's damages. Ultimately his efforts were futile and he has, by this point, resigned himself to mining the last bit of gold left out of our dried-up mountains.