Want to buy AGLOCO?
Monday, December 10th, 2007AGLOCO is company touting a web-based multi-level marketing scheme whereby you agree to install an Internet browser toolbar that displays some targeted ads on your computer, and they pay you for your time. You can refer friends (affiliates) and get paid a percentage of their time. The people at the top of the pyramid have a chance to make big bucks, and everybody wins.
I smelled déjà vu from the git-go, but who am I to poop on new ideas?
I just got a short e-mail today from the folks at AGLOCO.
…And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations…
So, they are out of money and are looking for new investors. That’s a shame, because some of my good friends had high hopes for some revenue from the whole AGLOGO thing. One of my friends had over 20,000 people signed up underneath him. That could have meant some serious cash.
Want to buy an Internet startup? Want to buy my time machine and transport yourself back to 1999?
I hate to see talented people fail, but I enjoy seeing talented people start something new. That’s the double-edged sword that successful people must repeatedly fall upon. I suspect we’ll read/hear more about AGLOCO in one of their biographies after they’ve become rich and famous on a different project. Best wishes to the AGLOCO team in their new endeavors.