According to a report in Tech Crunch, Facebook lost millions in 2007 and projected an even bigger negative cash flow for 2008. Name Advertising on the other hand is projecting a $50k plus profit and surplus for fiscal 2008 and yet I am having trouble getting much needed financing.

I will never understand the ways of the world. This is so reminiscent of the dot com bubble almost a decade ago. Venture money poured like tap water. There was no accountability. Billions of dollars were lost into failed companies.

Today, the story continues. There is talk of recession. People are losing homes. But if you are smart enough to polish a good business plan, I guess there are enough lenders out there who will show you the money.

When I meet potential investors, I tell them, look – “I don’t have a business plan. Look at my numbers. I am making money. I will present the business plan if you are interested.” Then again, they say what! What is it that you are selling?

Domain names! Is that really a business? Do you have collateral? Then I wonder. There is a lot of eye opening that need to be done. I do my part to wake folks up.

I don’t want to be nowhere near as big as Facebook. Facebook is a perceived value. My company by comparison makes more money then Facebook.

It makes a profit!