Pulpmx empire

stremme12 wrote:

I would have to say Steve himself brings a lot of the value. It would be tough to put a value on his brand without him...

I would have to say Steve himself brings a lot of the value. It would be tough to put a value on his brand without him. He is the brand. The fantasy may be a little different. The whole group of guys really put in a lot of work and make it what it is.

Pulp isn't pulp without Steve or a basset hound howling in the background of each show.

kb228 wrote:

Pulp isnt pulp without steve.

early wrote:

[img]https://p.vitalmx.com/photos/forums/2020/01/20/399172/s1200_images.jpg[/img]

nascarnate326 wrote:

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k. Fantasy its...

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k.

Fantasy its self, is becoming bigger than PulpMX show IMO. It makes significant money I would think. Best part is that the expense aka code for the website, R&D, etc is already done. Its just a run every year with minimal changes kind of thing. Servers, hosting etc but thats pretty cheap in the grand scheme of things. Just championship players paid more than 200k. Most prizes are donated I would think making fantasy a real money maker.

If you are brand that is in the industry, I don't know where you can get better exposure for your dollar.

early wrote:

[img]https://p.vitalmx.com/photos/forums/2020/01/20/399172/s1200_images.jpg[/img]

kb228 wrote:

Pulp isnt pulp without steve.

DPR250R wrote:

Kind of like how Dean is Dean.

Gordon Liddy wrote:

$350k?

nascarnate326 wrote:

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k. Fantasy its...

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k.

Fantasy its self, is becoming bigger than PulpMX show IMO. It makes significant money I would think. Best part is that the expense aka code for the website, R&D, etc is already done. Its just a run every year with minimal changes kind of thing. Servers, hosting etc but thats pretty cheap in the grand scheme of things. Just championship players paid more than 200k. Most prizes are donated I would think making fantasy a real money maker.

If you are brand that is in the industry, I don't know where you can get better exposure for your dollar.

SteezGeez wrote:

How many players in the championship league and how much is it?

nascarnate326 wrote:

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k. Fantasy its...

If all the extras come with it, cool studio, marx, pookie, dogs, keefer, JT, etc (which they wouldnt) I would say 500k to 750k.

Fantasy its self, is becoming bigger than PulpMX show IMO. It makes significant money I would think. Best part is that the expense aka code for the website, R&D, etc is already done. Its just a run every year with minimal changes kind of thing. Servers, hosting etc but thats pretty cheap in the grand scheme of things. Just championship players paid more than 200k. Most prizes are donated I would think making fantasy a real money maker.

If you are brand that is in the industry, I don't know where you can get better exposure for your dollar.

SteezGeez wrote:

How many players in the championship league and how much is it?

nascarnate326 wrote:

$35 to play SX and Outdoors. 6355 players that paid. [img]https://p.vitalmx.com/photos/forums/2020/01/20/399295/s1200_84468CDC_5791_4DEC_9BF5_777ECC5D81ED.jpg[/img]

$35 to play SX and Outdoors. 6355 players that paid.

BUTWHY? wrote:

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it...

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it at?

jchek779 wrote:

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the...

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the pepa’

Steve had done a great job growing a hobby, interest, passion into a tremendous operation and opportunity for his friends to earn an income. He produced free (mostly) content and a large part of why we all tune in each week is his personality, his schtick, and the inside jokes that we are all part of.

Therein lies the problem. The value of Pulp is centered around Steve, much like many self-employed and few man operations in this country. He is essentially a general contractor – with his name and reputation and listener base comes the value to his sponsors. With that information, the only value in the business is physical assets, some goodwill, and a multiple of Steve’s take.

So if we break it down a little more and value the business in terms of multiples, here’s my take on how/what I’d pay for it.

Assets – Fair Market Value, which would probably be $0.50 on the $1.00 he paid for things
Goodwill – probably not much considering that when Steve goes…it goes

Steve’s Salary + Recast of Financials, Depreciation, Owner Expenses, Etc – 1x because this is mainly a self-employed gig.

Sidebar: If Steve was able to manage (which he does to an extent) and train/replace himself, I’d add a 2x – 3x multiple. If PulpMX ran completely without Steve but he was still the owner, I’d value at a 4x – 5x of his take.

PulpFantasy – This system can run without Steve – I’d give it a 4x multiple of net proceeds with a requirement that Marx stays on for the next 3 years and they both sign a non-compete

So, long story short, the only person that could buy Pulp Nation and keep it alive is Jason Weigant. He’s too cheap, so Pulp dies when Steve quits.

kb228 wrote:

Pulp isnt pulp without steve.

DPR250R wrote:

Kind of like how Dean is Dean.

McG194 wrote:

Steve is Steve

jchek779 wrote:

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the...

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the pepa’

Steve had done a great job growing a hobby, interest, passion into a tremendous operation and opportunity for his friends to earn an income. He produced free (mostly) content and a large part of why we all tune in each week is his personality, his schtick, and the inside jokes that we are all part of.

Therein lies the problem. The value of Pulp is centered around Steve, much like many self-employed and few man operations in this country. He is essentially a general contractor – with his name and reputation and listener base comes the value to his sponsors. With that information, the only value in the business is physical assets, some goodwill, and a multiple of Steve’s take.

So if we break it down a little more and value the business in terms of multiples, here’s my take on how/what I’d pay for it.

Assets – Fair Market Value, which would probably be $0.50 on the $1.00 he paid for things
Goodwill – probably not much considering that when Steve goes…it goes

Steve’s Salary + Recast of Financials, Depreciation, Owner Expenses, Etc – 1x because this is mainly a self-employed gig.

Sidebar: If Steve was able to manage (which he does to an extent) and train/replace himself, I’d add a 2x – 3x multiple. If PulpMX ran completely without Steve but he was still the owner, I’d value at a 4x – 5x of his take.

PulpFantasy – This system can run without Steve – I’d give it a 4x multiple of net proceeds with a requirement that Marx stays on for the next 3 years and they both sign a non-compete

So, long story short, the only person that could buy Pulp Nation and keep it alive is Jason Weigant. He’s too cheap, so Pulp dies when Steve quits.

jchek779 wrote:

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the...

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the pepa’

Steve had done a great job growing a hobby, interest, passion into a tremendous operation and opportunity for his friends to earn an income. He produced free (mostly) content and a large part of why we all tune in each week is his personality, his schtick, and the inside jokes that we are all part of.

Therein lies the problem. The value of Pulp is centered around Steve, much like many self-employed and few man operations in this country. He is essentially a general contractor – with his name and reputation and listener base comes the value to his sponsors. With that information, the only value in the business is physical assets, some goodwill, and a multiple of Steve’s take.

So if we break it down a little more and value the business in terms of multiples, here’s my take on how/what I’d pay for it.

Assets – Fair Market Value, which would probably be $0.50 on the $1.00 he paid for things
Goodwill – probably not much considering that when Steve goes…it goes

Steve’s Salary + Recast of Financials, Depreciation, Owner Expenses, Etc – 1x because this is mainly a self-employed gig.

Sidebar: If Steve was able to manage (which he does to an extent) and train/replace himself, I’d add a 2x – 3x multiple. If PulpMX ran completely without Steve but he was still the owner, I’d value at a 4x – 5x of his take.

PulpFantasy – This system can run without Steve – I’d give it a 4x multiple of net proceeds with a requirement that Marx stays on for the next 3 years and they both sign a non-compete

So, long story short, the only person that could buy Pulp Nation and keep it alive is Jason Weigant. He’s too cheap, so Pulp dies when Steve quits.

BUTWHY? wrote:

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it...

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it at?

BUTWHY? wrote:

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it...

If Steve was going to sell his business, including fantasy, which I think is a absolute gold mine for him, what would you guys value it at?

TannerMxer wrote:

My father-in-law, who owns a CPA business, says typically you should sell your business for 3-5 years worth of the annual income/revenue.

So, I dunno. lol

jchek779 wrote:

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the...

I recognize that logic, reason, and data are hated and disregarded around this place, but I’ll take an opportunity to throw some salt on with the pepa’

Steve had done a great job growing a hobby, interest, passion into a tremendous operation and opportunity for his friends to earn an income. He produced free (mostly) content and a large part of why we all tune in each week is his personality, his schtick, and the inside jokes that we are all part of.

Therein lies the problem. The value of Pulp is centered around Steve, much like many self-employed and few man operations in this country. He is essentially a general contractor – with his name and reputation and listener base comes the value to his sponsors. With that information, the only value in the business is physical assets, some goodwill, and a multiple of Steve’s take.

So if we break it down a little more and value the business in terms of multiples, here’s my take on how/what I’d pay for it.

Assets – Fair Market Value, which would probably be $0.50 on the $1.00 he paid for things
Goodwill – probably not much considering that when Steve goes…it goes

Steve’s Salary + Recast of Financials, Depreciation, Owner Expenses, Etc – 1x because this is mainly a self-employed gig.

Sidebar: If Steve was able to manage (which he does to an extent) and train/replace himself, I’d add a 2x – 3x multiple. If PulpMX ran completely without Steve but he was still the owner, I’d value at a 4x – 5x of his take.

PulpFantasy – This system can run without Steve – I’d give it a 4x multiple of net proceeds with a requirement that Marx stays on for the next 3 years and they both sign a non-compete

So, long story short, the only person that could buy Pulp Nation and keep it alive is Jason Weigant. He’s too cheap, so Pulp dies when Steve quits.

motoxxx599 wrote:

I positioning my company to be sold right now and no agent, lawyer, consultant, or accountant has put it as simple as you just put it.