I was led to believe that Bayt may have had some interest in mulazamat

Regarding 3, I would agree. If there is a ready-to-go platform and good quality content; and both are done in just four months, then it’s indeed a great deal for both the parties. By the way, who’s the buyer?

Regarding finding employees, Ali, you just need to post some job ads, offer good salaries, reasonable working environment, reasonably exciting work, reasonable growth and you will find good employees … best of luck

Actually Ammar you’ve raised some good points. I’d love to think that all my sources are excellent and that I have a formal media fact-checking department but I dont.

As such, I’ve been wrong about my stories as well. In fact if anyone knows more juicy details about this deal send them my way… maybe they could help clarify. Maybe a super-secret screenshot of the portal they didnt publically release would help.

Here is what I do honestly think:

1- I dont buy the “We have lots of content but just didnt release it” bit. If I had a lot of content that’d be the first thing I’d want to show people in the market to build momentum.

2- I do, however, not think Ali and the team would want to risk announcing these things on their blog – staking their future reputation – if it weren’t true, or would’ve denied it on their blog if my sources were false.

3- I think that this is still great for both parties. 4000% ROI for two guys in a garage who had put in 4 months of work into it. A bargain (even from these calculations) for the buyer who got a ready-to-go platform that has been market tested to show that these is demand.

Cheers!

Oh and Ammar, yes this is what community is – YOU guys fact-check me, so keep it up.

Regarding (1), you are right. I realized that after I had posted the comment but didn’t correct myself

Regarding (2), you are right again. Six months would cost 1.4 M. Though I HIGHLY doubt, it would take six months. With the team mentioned above, you are going to have around 210 programming man-hours per month with you; and Mulazammat would be at max a 1500 hr job including design and testing so it wouldn’t take more than three months.

Regarding content, in the do-it-yourself plan buyer would produce the videos himself or once the platform is made would reduce development team size and instead hire content producers

So my hypothesis is that 2M is too much because:

a. Mulazammat is discontinued. According to you, it will be launched for a different market under a differnt name. If that market is not Pakistan, then content is practically useless.

b. Development costs are really low

c. Content production cost isn’t too much either. I personally know producers from NCA who would take around Rs 50,000 per similar video production which would include shooting, post production editin and other stuff… but then again I dont exactly know Mulazammat business idea or I dont really understand it

So purely looking at numbers, I think the deal was too good for the seller for buyer it was not so good.

But again, congratulations, you can even get a CL-9 now

you are right, when you report a startup you not only make the owners happy but you also send them a lot of traffic (as green and white becomes more popular, the amount of traffic will increase too – you never know we have something like green&white-traffic-spike someday).

My questions were based on the assumption that you took the news at the face value because you want to promote the startups. So I thought I should question the deal, if nothing else, it could simulate other like minded cynics (apparently I am the only one here ).