Madisonave, your thoughts?
 

Whats the word ?

:thumbsup

What is the word indeed?

top notch stand up.

The bird is the word.

been hearing and reading on another messageboard that a lot of webmasters aren't getting paid, or being forced to wait for payments until bigger affiliates who've made more money get paid first.

not been paid

Marc Womack is a gentleman and a scholar, and anything he's behind is gold.

:D

I know of about 15 webmasters who have not been paid in almost a month now with no word as to why.

He has always been helpful to me, but the question needs to be asked, have people been paid?

Huge thread over here about it. Seems like there are numerous unhappy webbies ... especially after Marc's posts.

Yeah that ticked off a few people.

Wondering the same thing.

The money they make off torrent advertisers must be staggering

Grease is the word !!


http://www.hollywoodteenmovies.com/GreasePic1.jpg

How many people have tried calling him?

god that movie sucked! :1orglaugh

You mean how many people have tried chasing their money?

Bump....

They still owe us quite a bit of money and haven't paid. I know there are guys who are owed a LOT more than us that haven't been paid yet. Almost a month late on payments now. Don't use Madison Avenue!

It's completely ridiculous that people haven't gotten paid at this point.

My guess is that we are never getting paid

since MA has not updated anybody about there situation, i think the right thing is to do is let people know. Here is the email i got about 10 days or so ago.

"Here's where we stand. We've had to make some fairly painful changes to attain profitability with the company. We've had to change our payment terms to Net 65. Additionally Publishers will receive 60% of revenue from Network Campaigns rather than the previous 70%. That said, any Publishers who were actively participating in Network Campaigns at the time of this switch have been "grandfathered" in at the old rate of seventy percent. While these changes are painful they are the only way we can achieve profitability and only with profitability can we continue to operate and pay Publishers on time. Additionally we'll shortly be implementing that Publishers must allocate a minimum of 50% of their inventory to Network Campaigns. Basically no longer offering the functionality to be a totally free Ad Rotation Solution.

Less to do with direct effects to Publishers but certainly the biggest step toward achieving profitability, I've cut $20,000 a month from our monthly budget by letting go of a good portion of our staff and trimming it to just the core programmers and support personnel necessary to maintain MadAve and having them now work from home. Fortunately this won't be bad as we've finished up 95% of the work needed to be done on MadAve. I'm announcing today the new Mobile functionality is completed where all banner zones will automatically detect mobile surfers and display mobile specific campaigns. All that's left on the to-do list is to automate the allocation of Network Campaigns (currently only Filler Ads are automatically allocated). MadAve is basically "done" in terms of major development needs. Of course we'll still be adding in minor functionality but our core concentration moving forward is making money with the platform as it stands.

The bottom line is that after I've completed paying severance for the employees we let go we'll now be marginally profitable. I've already found someone to take over the lease on our office, buy all the excess equipment, etc.. Once we fully implement the changes to the %'s of commissions the Publishers get we'll be comfortably profitable. Heh, not saying we'll be making crazy profits but enough that we'll no longer have problems paying Publishers on time.

I haven't made a general announcement on this yet as I've been scrambling to come up with enough funds to make payment for what was expected by Publishers on the 5th of this month to make these changes less of a financial burden on the Publishers. It's a difficult balancing act that frankly I don't know how it will play out. If too many Publishers leave because of these changes then we won't be able to stay in business and bankruptcy will be our only option and sadly no one will get paid anything.

Thus, it's vital that if at all possible you stay with us so that we can keep operating, keep running the platform, and keep generating new revenue to pay Publishers with. While these changes do mean less money initially I'm confident that you and all other Publishers would prefer this to us having to declare bankruptcy. Stick with us and we'll be able to pay on time every time since we won't be focusing nearly as much time on development of the platform we can and will concentrate much more effort on bringing in more advertisers, more campaigns, and that as always will result in better RPM for you. I'm confident in a couple months with the addition of all these new advertisers and the Mobile offering we'll be making you just as much per month as you have been in the past. The only difference will be that you're getting paid on time and the company as a whole will be more stable and secure!"

Regards,

Marc Womack
Chief Executive Officer
www.MadisonAvenue.com

"we're completely fucked unless you suckers keep giving us money"

"keep running our ads for less money than before instead of switching to other companies that aren't on the verge of collapse and pay more."

is FAIL the right word to use in a situation like this?

Translation: "We just gave ourselves a payment holiday."

In every line of business I've ever been in, when a debtor unilaterally announces more generous payment terms for itself, it was an early step in an inevitable failure cascade.

"net 65 payments"
Where do I signup?

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Get off while you can.

http://climateprogress.org/wp-conten...urg-771072.jpg

in EPIC proportions

sir i think you mean EPIC.

I'm surprised more people aren't talking about this. If it was some other company not paying people everyone would be in here showing off their sigs.

I know many of you know Marc and he is a stand-up guy and a good friend...it is not easy to admit when you are struggling..many good honest folks on this board are having struggles...Sleazy...Traffic Dude etc...I know Marc will let folks know exactly where you...him stand...it sounds like that is what he is attempting to do...he followed a dream after he sold CJ and is doing his best to make that dream a success

Owed close to $4k... and waiting....

he's too busy making blog posts on his site instead of paying people:
http://marcwomack.com/

Ouch, that's harsh.

everything on gfy turns into if the owner is a standup guy and hes nice at shows etc, im sure hes a great guy a funny guy a sharp guy but what the fuck does that have to do with anything

this is a general comment as i have no clue about madison ave.

My epass account has nothing but bad things to say about him :disgust

Not sure why everyone thinks he is such a stand up guy. Ever do business with him?

And now he is known as a stand up thief.

Go on, take the money and run.....

Damn it, you beat me!!! I wanted to post that!

http://madisonave.com/

Yeah, that site needs an upgrade.

FAIL

http://madisonavenue.com/home.do

I guess a Canadian don't get sarcasm.

Wait, that can't be his blog, can it?

http://marcwomack.com/index.php/2009/08/birthday-party/

From his blog:

That's just fucked up. Marc is a great guy and I'm sure he did his best to keep the ship moving. I'm not here to stand up for him or anything. I do have over $3000 worth of credit with Madave and if the ship goes down my money goes with it. Truly a sad fucking day.

wassup bitches ..

You'll never see that money.


I cashed out early.

How did you manage to cash out early?

I never used it.