BlackLabelAds / AdBrite shutting down Feb 1st

[CyberHustler]

http://techcrunch.com/2013/01/28/adbrite-shut-down/

Ad exchange adBrite told partners today that it will be shutting down on Feb. 1.

A couple of TechCrunch readers sent us copies of the emails that went out to adBrite publishers and advertisers. Here?s the advertiser version:

Dear adBrite Advertiser,

Over the last few weeks, adBrite and its management have been evaluating the go-forward plan for the business. Given market conditions and certain financial liabilities, in working with our lenders, we have decided to cease operations on Feb 1, 2013.

This is a difficult decision for all of us at adBrite. However, after much deliberation this seems to be the best course of action despite the impact it will have on all the employees, clients and partners who helped build this business. There will be a team in place as needed to assist with winding down your campaign, and final reporting and invoicing.

Thank you for being part of the adBrite community.

The adBrite Team

In an interview with AllThingsD, CEO Hardeep Bindra said he joined last year with the goal of selling the company, and was making progress on talks before they fell through ?a couple weeks ago.? AdBrite currently has 26 employees.

The company was founded in 2002 as an ad network, and became an ad exchange in 2008. It raised more than $40 million in funding from Sequoia Capital and others. (Shortly after Sequoia?s infamous ?RIP Good Times? presentation.) Co-founder Philip Kaplan has been involved in several startups since then ? currently he?s working on a social network for musicians called Fandalism.

[Harmon]

Signs of the times. Links pulled

[Markul]

Links pulled years ago.

[BIGTYMER]

Haven't used them in years anyway.

[PromoterX]

I love how its always such a "difficult decision".

No idiots... making that decision is always easy - turning your money losing business around and making it profitable is "difficult".

[Mr.Fiction]

Fucked Company.

[wehateporn]

I knew someone who worked with this guy, apparently he was an amazing coder, but not so good with marketing. His business did well while there was no real competition

[wehateporn]

Anyone seen that blue and orange combo somewhere before?

[freemarket]

Can anybody from AdBrite tell us what will happen to unpaid earnings after the company is wound down? Will earnings that are under your threshold remain unpaid? Also, how about your 90 day hold period? Will you hold money for 90 days after the program is shut down?

Honestly, I am not surprised. Any company that needs to wait 90 days to pay earnings can't be doing very well. Nonetheless, I am sorry to see them go. Less competition among advertising networks is bad for everybody.

[wehateporn]

Maybe Juicy Ads could buy them out and have a mainstream ad network, probably not worth the risk though, Jay is sorted for life already.

[arock10]

Surprised they lasted this long

[seeandsee]

They were very big few years before in mainstream traffic delivery, but they fucked it all

[Klen]

They used to be synonym for adsense alternative,but nothing unusual considering there is like billions of traffic brokers now.

[CaptainHowdy]

Welcome to 2013 ...

[Barefootsies]

I knew someone who worked with this guy, apparently he was an amazing coder, but not so good with marketing. His business did well while there was no real competition

You would be surprised how often that is the case. There are a lot of good developers, network admins, and alike who can come up with good ideas, or build you a rock solid network but can't sell it for shit. What I have found is most of these guys who are good programmers/developers/network admins are not people personas. They need a Wizzie fo Shizzie or a ying to the yang in regards to the sales and front man.

Surprised they lasted this long

Agreed. I had not heard a lot from them in years.

[CyberHustler]

They were by far the suckiest ad network I have ever tried. Viruses, malware, non-working limits for their intermission ads, paying by check only, etc. Perfect example of what not to do.

[Wizzo]

Maybe Juicy Ads could buy them out and have a mainstream ad network, probably not worth the risk though, Jay is sorted for life already.

It was discussed but we will be glad to take any clean publishers that were using them...
http://gfy.com/showthread.php?t=1097973

[Black All Through]

Surprised they lasted this long

[Emil]

Can anybody from AdBrite tell us what will happen to unpaid earnings after the company is wound down?

I also want to know!

[marcop]

Fucked Company.

This thread is useless without photos...

[jscott]

That is just crazy, i thought they were a solid company. Will have to remove the adverts asap ugghhhhhh

[DTK]

Fucked Company.

Blast From the Past

One of my favorite sites, back in the day

[Exo-Geoffrey]

It's sad to read this. I assume that this ad network didn't evolve fast enough. We saw that most of BLA publishers and advertisers are working now with ExoClick and ExoClickMobile. For those who haven't made the transition yet, they are more than welcome on our ad network.

[ilnjscb]

This thread is useless without photos...

wow who is this model?

[ilnjscb]

wow who is this model?

That was my 2000th post?

[marcop]

wow who is this model?

Her name is Jaden Heaven. I shot her for ATK, and then a week later for another client who was bad about paying, and I never sent him the content as he owed me money. Still have solo stills and b/g stills and video (SD) of her that have never seen the light of day. It's a pity the content isn't worth anything in the current market, as she was one of the hottest girls I ever shot.

[ilnjscb]

Her name is Jaden Heaven. I shot her for ATK, and then a week later for another client who was bad about paying, and I never sent him the content as he owed me money. Still have solo stills and b/g stills and video (SD) of her that have never seen the light of day. It's a pity the content isn't worth anything in the current market, as she was one of the hottest girls I ever shot.

Is the state of affairs seriously that bad, that scenes with models like that will never be released?

[marcop]

Is the state of affairs seriously that bad, that scenes with models like that will never be released?

Yes.

About 18 months ago I posted photos I'd shot of a very pretty girl, and two very active GFY posters emailed me asking about prices for content. I emailed them back asking them exactly what kind of content they wanted--obviously, solo content is going to be cheaper than b/g content, which is going to be cheaper than anal gangbang content.

I did not receive a reply from either person--and I followed up with another email to each. And these are GFY "players".

The state of affairs in the content creation business isn't as bad as it seems, it's actually worse than it seems.

[ilnjscb]

Yes.

About 18 months ago I posted photos I'd shot of a very pretty girl, and two very active GFY posters emailed me asking about prices for content. I emailed them back asking them exactly what kind of content they wanted--obviously, solo content is going to be cheaper than b/g content, which is going to be cheaper than anal gangbang content.

I did not receive a reply from either person--and I followed up with another email to each. And these are GFY "players".

The state of affairs in the content creation business isn't as bad as it seems, it's actually worse than it seems.

Unreal, and your work is great. We've got to figure out a way to monetize at a decent margin. There is an answer.

[Prasawet]

I have good experience with them over the years, always paid by their schedule, sorry about this.
And don't be worry, they will pay last check.

[_Richard_]

Her name is Jaden Heaven. I shot her for ATK, and then a week later for another client who was bad about paying, and I never sent him the content as he owed me money. Still have solo stills and b/g stills and video (SD) of her that have never seen the light of day. It's a pity the content isn't worth anything in the current market, as she was one of the hottest girls I ever shot.

release that hounds!

[Wizzo]

I have good experience with them over the years, always paid by their schedule, sorry about this.
And don't be worry, they will pay last check.

I wouldn't bet on it, already hearing reports of checks being returned unpaid.

[ImLarge]

I made real good money with them in the past
But fuk there punk weak ass

[BAKO]

They sucked ass

[UnReaL69]

lots of money left in the account, me and my friend got like 5k $
Is there anything legally to do?

Cause if not, I might start a scam too, get rich and move to an island

[TheMaster]

besides BlackLabelAds & AdBrite didn't they start another ad network a few years ago?

[xxxmsncam]

lots of money left in the account, me and my friend got like 5k $
Is there anything legally to do?

Cause if not, I might start a scam too, get rich and move to an island

me too!

Are they still paying out?

[Saruman]

me too!

Are they still paying out?

heard of many unpaid checks, i didnt get my january wire too, they owe me 3K, I seriously doubt they will pay : (

[jscott]

I hit them up over a week ago asking about last payouts, there was no reply. I also highly doubt they are paying out

[Naughty]

Same here DTK, visited it again last month for fun, just to see he still has the same sign there for the past what - 8 years?


Adbrite gone, i guess i'd have to pull links from old sites too.

[xxxmsncam]

Notice to AdBrite Unsecured Creditors:

On January 23, the secured lenders to AdBrite foreclosed on all of the assets of AdBrite. By law, until proceeds from the sale of assets exceed the amounts due to the secured lenders, no funds will be available to pay unsecured claims. At this point, AdBrite does not expect any funds will be available for unsecured claims. AdBrite will retain a record of your unsecured claim and will notify you if any payment is anticipated.

Regards,
AdBrite

[jscott]

Well fuck, that is some terrible news