bryant 14/02/20 8:38 am I see your point though, the milestones
concept for raises seems a little bit like a
minefield for both sides in that light.
sam 14/02/20 8:43 am i just called jerry
sam 14/02/20 8:44 am to see what he used him for
bryant 14/02/20 8:44 am ok cool - what did he say?
sam 14/02/20 8:44 am really, its's not clear to me if we have any
more campaigns to deploy
sam 14/02/20 8:44 am and he said it was mostly for the website.. i
asked expliclity what rich would be used for
sam 14/02/20 8:45 am and he wasnt really sure.. do we need more
expenses in webmaster communications? i dont
know
sam 14/02/20 8:45 am i asked him if we can use him in revenues in
anyway.. he wasnt sure
sam 14/02/20 8:46 am however, all that being said.. if you do :
$2cpm on total daily uniques
+ employment contract for 35k/year
we can do it
bryant 14/02/20 8:46 am Yeah, I see the point. I guess the underlying
issue is what do we have to pay to keep him.
Clearly it's not $2k. So which makes more
sense for us, seeing what we can pay him as a
webmaster at a min, or going this route to
keep him plus have him in-house for work.
sam 14/02/20 8:46 am i dont doubt you that he has skills
sam 14/02/20 8:46 am im just trying to find out what exactly he'd
be doing
sam 14/02/20 8:47 am and who he'd be reporting to etc.
sam 14/02/20 8:47 am so try that out.. its not so far from your
offer
bryant 14/02/20 8:47 am Oh, I'm not pitching Rich Kyanka here. Jerry
met with him and told me he's interested in
seeing if hiring him is a way to go.
sam 14/02/20 8:48 am and tell rich that while he doesnt think it's
fulltime pay
sam 14/02/20 8:48 am we're doing this as a favor to supplement and
co-opt him
sam 14/02/20 8:48 am we're not doing this for the other webmasters
bryant 14/02/20 8:48 am I have. It's been my underlying theme.
sam 14/02/20 8:48 am as a stand-alone candidate, we probably
wouldnt hire him.. we'reputting more resources
in sales
sam 14/02/20 8:49 am keep trying.. im sure you can get him down
more
bryant 14/02/20 8:50 am I am too.
sam 14/02/20 8:51 am Bill is making a list of other people for you
to neogitate w/ after the websites are done.
I think this is your calling card:)
bryant 14/02/20 8:51 am np. Are those the people we owe?
sam 14/02/20 8:51 am yep
bryant 14/02/20 9:04 am If we can be creative with getting back pay to
him, I can get him at 24/35
sam 14/02/20 9:04 am did you talk to him?
bryant 14/02/20 9:04 am Yep.
sam 14/02/20 9:04 am let me think about it.
bryant 14/02/20 9:05 am ok
bryant 14/02/20 9:05 am Back pay issue comes from upcoming tax
troubles. All his $ was 1099 last year and he
expects to owe close to or over $10k. He has
0.
sam 14/02/20 9:06 am but we havent paid him anything for last year
sam 14/02/20 9:07 am and he said he hasnt been paid from anyone
else either
bryant 14/02/20 9:07 am No, but other companies did at least early on.
sam 14/02/20 9:11 am for him to owe 10k.. he should've earned @
least 40k:)
bryant 14/02/20 9:11 am 2nd half of last year he got almost nothing
because of the market problems and companies
missing or failing to make payments. First
half he took in close to $40k on 1099s.
sam 14/02/20 9:12 am okay
sam 14/02/20 9:12 am let me think bout the backpay stuff
sam 14/02/20 9:12 am i told bill to send me all the $ stuff on all
the websites..and im going to compile backpay
info for everyone tonight
bryant 14/02/20 9:12 am Did that last ICQ go through? It's acting
really screwy on me and doesn't show it in our
history.
bryant 14/02/20 9:13 am The $40k first half 2k one..
sam 14/02/20 9:14 am yes it did
bryant 14/02/20 9:14 am mame.dk is getting restless btw. We prepared
to let them go? Or how do you want to handle
that? We're looking for around $4k a month,
they're looking for around $24k/mo. They're
hosting their own site. They claim they can't
live with $4k. etc. etc.
bryant 14/02/20 9:15 am I've let them stew a bit and now they seem a
little more anxious. How do you want to play
it?
bryant 14/02/20 9:16 am I haven't turned aggressive on them yet but
that was my next play. Just wanted to touch
base to see where they stand on your
importance perception.
sam 14/02/20 9:16 am how many daily uniques do they have
bryant 14/02/20 9:16 am Having Jo pull that, one sec.
sam 14/02/20 9:16 am not important really..but it is a big site..
24k is way too much for that though
sam 14/02/20 9:16 am we've never paid them 24k
sam 14/02/20 9:17 am all our past payments to them have been less
than 10k
sam 14/02/20 9:17 am traffic increase doesnt mean we can monetirze
it..
bryant 14/02/20 9:18 am 60983 unique viewers yesterday.
sam 14/02/20 9:18 am 60*30= say 2 mil .. times even 2.5 = 5k....
hmmm
sam 14/02/20 9:18 am tell them to test the market out ?
sam 14/02/20 9:18 am brian is using that ploy
sam 14/02/20 9:19 am tell them the market is zero out there.. tell
them to test it out for a few days
bryant 14/02/20 9:19 am It's hard to think about coming up on an
emulation site. If they don't want to play in
the real world we might think about some of
the less friendly options.
bryant 14/02/20 9:19 am Yeah, I've used that here and there too. Let
me see what they have to say tomorrow and
we'll play it from there.
sam 14/02/20 9:19 am yeah.. the uniques are nice..but we cant
really pay more than 5k.. we're prepared to
let them walk, yes.
bryant 14/02/20 9:20 am How much are you comfortable paying if they
control their banner inventory?
sam 14/02/20 9:21 am boy thats tough.. since we're not hosting
either.. i really dont know where their
tfaffic is coming fro
sam 14/02/20 9:21 am we cant monetize the non-usa traffic in direct
marketing yet
bryant 14/02/20 9:21 am Yeah, it's an odd one.
sam 14/02/20 9:21 am us companies dont want foreign addresses or
names for d.m.
bryant 14/02/20 9:21 am OK, that actually makes it easier. Lemme see
how they respond tomorrow.
sam 14/02/20 9:21 am im not sure if thats an option here
sam 15/02/20 7:51 am i got all the info from bill finally.. so i
should try to get this backpay stuff out to u
guys today (late late)
bryant 15/02/20 8:19 am OK great. Any further thought on the SA
stuff?
sam 15/02/20 8:19 am illcalculate the backpay and think about it at
the same time
sam 15/02/20 8:19 am http://www.efront.com/gfx/index3.shtml
fyi, kinda what we'll be launchng shortly
sam 15/02/20 8:23 am i have a mockup for u.. on how all the sites
will look like
(and so classical.net too)
sam 16/02/20 7:13 am u there?
bryant 16/02/20 7:15 am Yep
sam 16/02/20 7:16 am can u talk to brian.. :
bryant 16/02/20 7:16 am Brian Welch?
sam 16/02/20 7:17 am ok check ur email.. see if u can think of a
good solution.. and then talk to brian
bryant 16/02/20 7:19 am Hmm, okay, I'll bring it up this evening when
I talk with him.
bryant 16/02/20 7:58 am Brian is covered.
sam 16/02/20 7:58 am thanks
bryant 16/02/20 7:58 am mp
bryant 16/02/20 7:58 am np that is
sam 17/02/20 7:45 am spreadsheet pretty helpful?
sam 17/02/20 8:28 am kevin tells me Rich/SA also knows html.. so
that's a +
sam 19/02/20 2:20 am when u're around.. lets talk about SA
bryant 19/02/20 4:10 am Have a few mins now if you want to talk SA.
sam 20/02/20 1:42 am hey i got your msg..whenever you're ready
sam 20/02/20 1:49 am have you been deluged with people yet :)
bryant 20/02/20 1:51 am Heh, it's started a little bit. I expect it
to reall snowball later this week. That's
good though. They're motivated to come to us
which makes the process easier to deal with.
bryant 20/02/20 1:51 am So what are you thinking re: Rich? I know
html is a thought for what he'd be doing.
sam 20/02/20 1:52 am the 35k/ 24k sounds good.. just thinking about
the backpay.. let me look real quick
bryant 20/02/20 1:52 am ok
sam 20/02/20 1:56 am have you given any thoughts to what we should
do with mpog?
(jonathan was asking me)
bryant 20/02/20 1:57 am I haven't to be honest. I asked Jon to deal
with it since from where I'm standing right
now it feels like a conflict of interest. So
whatever you and he figure out. =)
sam 20/02/20 1:58 am im not really sure either.. :) i know u guys
use the $ all for expenses and dont really
make anything off of it..
ill talk to him.. i dont think its a conflict
of interest really.. we're both trying to
figure out how to get the most value from it
..its not like either one of us makes $ from
it :)
sam 20/02/20 2:16 am btw, on the chinese sites, i'd pay no more
than $1 cpm on the uniques..
sam 20/02/20 2:16 am linda is online and msging me.. ill tell her
to talk to you for central coordination
sam 20/02/20 2:16 am do you think we could get away with 50 cent
cpm for the chinese sites?
sam 20/02/20 2:20 am lotus: (10:18 AM) ok, will we pay them today
or tomorrow? so I can start negotiation for
the new contract then
sam: (10:19 AM) the funds wont be released
until the new contracts are signed.. the new
contract also has it in there the amount to be
paid on signing for the 19th payment
[if you could give her a hand or two..]
sam 20/02/20 2:22 am lotus: (10:21 AM) but I don't have details
about the new contract site by site
sam 20/02/20 3:09 am btw, SA's stats are wrong.. weird.. he didnt
do 7 mil imps in december.
trying to come up with a figure right out and
we'll make a deal wioth him
sam 20/02/20 4:31 am what about this offer for SA:
Make the contract retroactive.
11/9 start date
24k/year website
2500 already paid
3500 balance (to be paid immediately) + 2k
(feb) + 2k (march) should take care of his
taxes
35k/year employee [we're not offering this to
anyone else.. ]
bryant 20/02/20 4:32 am You mean make the site $ retroactive but start
the salary now?
sam 20/02/20 4:32 am yes
sam 20/02/20 4:34 am basically null the previous contract with the
new contract, balance due immediately +
35k/year job
bryant 20/02/20 4:34 am Right, np, lemme see if I can track him down.
sam 20/02/20 4:34 am do u think he'll go for it:)
bryant 20/02/20 4:34 am Hard to tell. I think probably.
sam 20/02/20 4:35 am btw, that spreadhseet is wrong.. so dont quote
him the backpay from that.. the decemeber
estimate was 5.7 mil pv for him, not 7
sam 20/02/20 4:35 am anyways, lets try that
sam 20/02/20 4:35 am ive been talking to linda past hour or two..
if u could fwd her the addendum, etc. i'd
appreciate it
bryant 20/02/20 4:35 am Will do.
sam 20/02/20 4:42 am also fyi, brian is telling me that the biggest
issue thus far has been backpay@ the end of
their contracts. i offered him two solutions:
1. make the contract retroactive and we'll pay
in 60 days (because the payable is reduced) or
2. make the terms either less than $2 cpm AND
we'll pay 8.1% of the backpay everymonth for a
year.
either way, we have a limited amount of funds
to work with and that's the reality
in case you run into the same issues.
bryant 20/02/20 4:49 am ok great.
bryant 20/02/20 5:08 am He would rather see the back money simply
split up into monthly payments over 12-18
months.
sam 20/02/20 5:10 am we can do that if he takes a $2cpm on daily
uniques on his site + 1k/month for 18 months
what do you think of that?
bryant 20/02/20 5:10 am Instead of employment, or with?
sam 20/02/20 5:10 am with
bryant 20/02/20 5:11 am 2 instead of 2.5 - is that the difference?
sam 20/02/20 5:11 am is that toorich?
sam 20/02/20 5:12 am ya..thats the diff
sam 20/02/20 5:13 am or 1k/mo for 12 months.. because we are paying
it sooner
sam 20/02/20 5:13 am than @ the end of the contract
sam 20/02/20 5:13 am + he gets employment
sam 20/02/20 5:13 am and allows us to actually pay it because
reduces our cashflow
bryant 20/02/20 5:42 am Rich will drop to 2.0cpmU if we will pay him
$1k a month of his total back pay every month
until it's complete.
bryant 20/02/20 5:42 am We're basically out of dancing room with him.
So let me know if that works for you.
sam 20/02/20 5:58 am do you have a copy of his contract i can look
@? i want to get reports run to figure out
his back pay per the contract
sam 20/02/20 5:58 am but that could be do-able
sam 20/02/20 5:59 am even a non-signed electornic copy will do if u
can email me
sam 20/02/20 6:08 am okay.. looks like his total balance is 27,762
so, to recap:
35k/year salary f/t job employment agreement
(at-will like everyone else, but you dont have
to tell him that)
+
2cpmU (looks like 1500/month)
+ 1000/mo until the backpay is met
thats the best we can do right?
bryant 20/02/20 6:11 am Yep.
sam 20/02/20 6:11 am ok get it done
bryant 20/02/20 6:14 am So how much do you want to give him tomorrow?
$2,500 as listed on the Excel sheet. He says
he has to have something to cover his rent.
sam 20/02/20 6:15 am in the addendum, you can get rid of the feb 19
payment line and add 1k/month..and you can
make all payments net 30
sam 20/02/20 6:15 am oh oops
sam 20/02/20 6:15 am give him february's payment tomorrow
sam 20/02/20 6:15 am (the 1k
bryant 20/02/20 6:15 am ok
sam 20/02/20 6:16 am and have him report to g3, ie employment etc.
have g3 take care of it w/ mike frue
paperwork, etc.
sam 20/02/20 6:17 am i'm going to use him and kevin bowen as a tag
team to deploy all campaigns in the
websites...they know html, they probably work
good together
sam 20/02/20 6:17 am and bypass the webmasters
sam 20/02/20 6:33 am Explaination of the new contracts and payments
if they ask:
We've been able to collect a majority of the
A/R (but not all) that was owed to us.
However, because we did not want to have this
drag on or incur a legal battle that could
take awhile to resolve, we made payment
settlements with our past advertisers that
resulted in not collecting 100% of what we
delivered. We have set aside the collections
to pay the webmasters, however, because we
only have a limited amounts of funds because
of the collection settlement to pay out -- we
must prioritize the payments to the websites
that will stay part of eFront. In the
meanwhile, since banner markets have dried up,
we are and have reengineered our model to go
after performace based marketing including
direct marketing. Therefore, going forward,
we need a new contract in place we can pay you
on a stable basis without depending on
banners. We need to get this in place in
order to pay you before going forward;
otherwise there is no sense in going forward
for any of us. The moneys we earn from our
new program will be the cash flow that drives
future payments; hence the need to carry the
backpay forward.
sam 20/02/20 6:36 am i also gave your icq to Marc DSouza. He's
worked with me in the past on webmaster stuff
and he can renegotiate contracts for you and
talk to webmasters.. just give him a bunch of
sites to work with ( his speciality is mp3
sites )
bryant 20/02/20 6:36 am ok great.
sam 20/02/20 7:12 am also, you should probably let the webmasters
know that they can get a tax break because
this is asset purcahse, not ordinary income.
that will save them $$ on taxes too
this is a long-term capigal gains.. it will
make their taxes better by as much as 50%
(depending on their tax levels).. no SS and
unemployment taxes either
sam 20/02/20 7:14 am so a person making 50k/year from us vs ad
networks can expect to save in taxes:
ad networks: ss + income + state+ unemployment
= 25k in taxes
with us, probably 7500/year
bryant 20/02/20 7:40 am What terms did you all agree upon with Harsha?
bryant 20/02/20 7:40 am I know you and Tim were working on him, don't
know where it was left.
sam 20/02/20 7:43 am iBLAMEj00: (3:41 PM) The last time we talked I
said that if he wants to play hardball, I'll
need all his payment from exitfuel and
bottomdollar since going with eFront =)
sam 20/02/20 7:44 am iBLAMEj00: (3:43 PM) He keeps demanding
$30k/month, that he needs that much.
sam: (3:43 PM) did he go any l;ower?
iBLAMEj00: (3:43 PM) Well, he kinda agreed to
$10k/month and he gets the banner ads at one
point.
bryant 20/02/20 7:44 am OK.
sam 20/02/20 7:44 am iBLAMEj00: (3:44 PM) But he couldn't accept
not getting paid for back months.
sam 20/02/20 7:44 am iBLAMEj00: (3:44 PM) And then he mumbled
something about having to sell his Lexus.
sam 20/02/20 7:45 am [i had told tim to offer harsha:
1.cancel backpay
2. he gets all banners on megagames for next 3
months
after that its a normal deal back to the
contract..]
he claimed he could make $1.30 cpm on
banners.. so the 3 motnhs of 100 million
banners a month would make him 300k enough to
cover the backpay and our payments for the
next 3 months
sam 20/02/20 7:46 am and after 3 months, the 30k would be doable
because it would be around cpmU at the rate
his site is growing..
currently, it's 5cpmU
sam 20/02/20 7:46 am that was the last.. then the emails he's been
sending
bryant 20/02/20 7:46 am OK, I'll deal with him?
bryant 20/02/20 7:47 am ignore the ?
sam 20/02/20 7:47 am sounds good.. let me know if u need help ..
ill be there..
like we did with SA ..:)
sam 20/02/20 7:47 am fyi, we also got Harsha a Visa to stay in the
usa or something (jerry got him)
sam 21/02/20 10:24 am lowtax signed today.
good job
sam 21/02/20 12:47 pm hey im going to san fran for business deals
tomorrow. marc D. is ready to work with you
to try to get more people signed up, so let
him help you
sam 21/02/20 12:47 pm let me know if you need anything or there are
any issues
sam 21/02/20 12:47 pm if u need me tomorrow, my cell # is 714 227
5975
bryant 21/02/20 12:48 pm OK will do. Have some mp3 sites for Marc,
I'll touch base with him tomorrow.
sam 21/02/20 12:50 pm Marc: (8:48 PM) ya that sounds good...
roy was trying some stuff with vc
today...don't know how that's going...
webmasters are speading rumors that we filed
for chapter 11 btw
[probably supports your theory and stuff..its
all good, helps us negotiate better]
bryant 21/02/20 12:51 pm vc?
sam 21/02/20 12:52 pm heh i dunno what he's talking about.. lemme
ask him