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I agree with almost everything you said, except buying content.
For the old megasites, buying content was fine, even necessary if you truly wanted an edge.
Today however, you NEED sponsor content. There's no sense buying content to promote solo girl sites, or any reality site for that matter.
The trick is to find a sponsor whose content and sites aren't overpromoted AND who you trust will pay you.
That can be a hard combination to find.
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