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-   -   Madisonave, your thoughts? (https://gfy.com/showthread.php?t=917642)

fris 07-23-2009 07:54 PM

Madisonave, your thoughts?
 
Whats the word ?

:thumbsup

fatfoo 07-23-2009 07:56 PM

What is the word indeed?

Agent 488 07-23-2009 07:59 PM

top notch stand up.

baddog 07-23-2009 08:07 PM

The bird is the word.

KingpinMedia 07-23-2009 08:08 PM

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.

IllTestYourGirls 07-23-2009 08:09 PM

not been paid

CyberHustler 07-23-2009 08:15 PM

I tried it when it first came out and was confused as shit... gave up.

MediaGuy 07-23-2009 08:25 PM

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

:D

Killswitch - BANNED FOR LIFE 07-23-2009 08:25 PM

Quote:

Originally Posted by baddog (Post 16099805)
The bird is the word.


Crunked 07-23-2009 08:26 PM

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

IllTestYourGirls 07-23-2009 08:27 PM

Quote:

Originally Posted by MediaGuy (Post 16099849)
Marc Womack is a gentleman and a scholar, and anything he's behind is gold.

:D

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

Abbie 07-23-2009 08:28 PM

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

IllTestYourGirls 07-24-2009 06:03 AM

Quote:

Originally Posted by Abbie (Post 16099856)
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.

Jack Sparrow 07-24-2009 07:01 AM

Wondering the same thing.

CIVMatt 07-24-2009 07:08 AM

The money they make off torrent advertisers must be staggering

Scott McD 07-24-2009 08:49 AM

Quote:

Originally Posted by fris (Post 16099762)
Whats the word ?

Grease is the word !!


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

Crunked 07-24-2009 10:19 AM

How many people have tried calling him?

SBJ 07-24-2009 10:25 AM

Quote:

Originally Posted by Scott McD (Post 16101537)

god that movie sucked! :1orglaugh

IllTestYourGirls 07-24-2009 10:41 AM

Quote:

Originally Posted by Crunked (Post 16101909)
How many people have tried calling him?

You mean how many people have tried chasing their money?

Crunked 07-25-2009 10:10 AM

Bump....

Plugrush 07-26-2009 11:47 AM

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!

PlugRush Sascha 07-26-2009 12:19 PM

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

IllTestYourGirls 07-27-2009 09:43 AM

Quote:

Originally Posted by ktj4l (Post 16108863)
It's completely ridiculous that people haven't gotten paid at this point.

My guess is that we are never getting paid

habibjr 08-02-2009 02:09 PM

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

fris 08-02-2009 02:38 PM

"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."

KingpinMedia 08-02-2009 02:38 PM

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

Quote:

Originally Posted by habibjr (Post 16138655)
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


Forkbeard 08-02-2009 03:33 PM

Quote:

We've had to change our payment terms to Net 65.
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.

woj 08-02-2009 04:22 PM

"net 65 payments"
Where do I signup?

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

candyflip 08-02-2009 05:14 PM

Get off while you can.

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

fris 08-03-2009 08:12 PM

Quote:

Originally Posted by KingpinMedia (Post 16138736)
is FAIL the right word to use in a situation like this?

in EPIC proportions

babebuns 08-03-2009 08:15 PM

Quote:

Originally Posted by fris (Post 16143412)
in EPIC terms

sir i think you mean EPIC.

KingpinMedia 08-03-2009 08:21 PM

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.

Rexk 08-03-2009 08:30 PM

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

Icy 08-06-2009 09:45 AM

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

KingpinMedia 08-06-2009 09:58 AM

Quote:

Originally Posted by Icy (Post 16153331)
Owed close to $4k... and waiting....

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

ravo 08-06-2009 11:10 AM

Quote:

Originally Posted by Icy (Post 16153331)
Owed close to $4k... and waiting....

Ouch, that's harsh.

EscortBiz 08-06-2009 11:43 AM

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.

IllTestYourGirls 08-06-2009 01:41 PM

Quote:

Originally Posted by EscortBiz (Post 16153757)
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

slapass 08-06-2009 01:47 PM

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

Vox 08-06-2009 08:42 PM

Quote:

Originally Posted by Rexk (Post 16143465)
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

And now he is known as a stand up thief.

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

epitome 08-06-2009 08:45 PM

Quote:

Originally Posted by baddog (Post 16099805)
The bird is the word.

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

TheSenator 08-06-2009 08:46 PM

http://madisonave.com/

Yeah, that site needs an upgrade.

Vox 08-06-2009 08:50 PM

Quote:

Originally Posted by TheSenator (Post 16155928)
http://madisonave.com/

Yeah, that site needs an upgrade.

FAIL

http://madisonavenue.com/home.do

TheSenator 08-06-2009 09:04 PM

Quote:

Originally Posted by Vox (Post 16155939)

I guess a Canadian don't get sarcasm.

epitome 08-06-2009 09:04 PM

Quote:

Originally Posted by KingpinMedia (Post 16153380)
he's too busy making blog posts on his site instead of paying people:
http://marcwomack.com/

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

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

From his blog:

Quote:

I?ll be providing food and booze but feel free to bring more of both. As I don?t start my new job until next week I?m fairly broke, heh.

BAKO 08-06-2009 09:16 PM

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.

GAMEFINEST 08-06-2009 09:35 PM

wassup bitches ..

TheSenator 08-06-2009 09:36 PM

Quote:

Originally Posted by BAKO (Post 16155997)
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.

You'll never see that money.


I cashed out early.

BAKO 08-06-2009 09:50 PM

Quote:

Originally Posted by TheSenator (Post 16156043)
You'll never see that money.


I cashed out early.

How did you manage to cash out early?

DaddyHalbucks 08-06-2009 10:58 PM

I never used it.


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