Quote:
Originally Posted by Maximus122
He must be losing a fortune if he's been paying people full time salaries to work on this site for the last year
These kind of projects are usually funded mostly with investors' money by selling them equity in the company and keeping some equity for yourself.
So it's more likely that he is freerolling some equity in the company and possibly picking up a regular salary as chief executive of the company.
Obviously the above is conjecture by me about the business structure but it is in line with the norm for the majority of start ups, particularly when they are businesses that operate mainly on line.
However, the burn rate may become an issue the longer it goes on without launch.