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Nice catch! Very misleading title. I thought they had $5mm in sales until I read your comment and looked more closely. I think Warner does this a lot with his

Nice catch! Very misleading title. I thought they had $5mm in sales until I read your comment and looked more closely. I think Warner does this a lot with his articles -- he's full of hyperbole. A proper editor would not have put that in the title.

axod 17y ago
From their site: "there is a listing fee of $39 plus 10% of the prize being offered." "$5,212,395 awarded" "$108,100 up for grabs in 302 open contests" estimate on number of contests awarded = 5212395 / (108100/302) = 14561 Total listing fees = 14561 * $39 = $567,914 Total 10% profit is $521,240 That'd put total revenue since starting at $1,089,154 as far as I can see. Which is still awesome, but not really what is suggested by the article title.
- wasiak 17y ago
  They've run almost 23,000 contests instead of 14,561 according to their homepage. That's over $900K in listing fees alone. Also, they charge for upgrades - bold, highlight, fast-tracked, etc. and charge designers to withdraw money.
  - icey 17y ago
    We're still forced to guess - They didn't always charge listing fees. They started at $0, then moved to $20, then $29. There's no way for us to ascertain how many projects were done at each level.
  - axod 17y ago
    >> "They've run almost 23,000 contests instead of 14,561 according to their homepage." I figured not every contest would end with a successful award - hence using the other data as an estimate. Maybe it's somewhere in between, idk.