I have today suspended work on MoarVideo.com until the New Year.
Since starting the project we now find ourselves enduring a global financial crisis and I simply do not have the funds available to throw at the development of the site at the moment. I have tried to muscle on by myself and after listening to advice from my loved ones and my good friend Arizona Bob, the best solution is to place the development of MoarVideo.com on hold until the markets pick up.
I recently announced that I had obtained a buyer to purchase a 10% stake in MoarVideo.com. The money was pledged to be with me within a week and based purely on that statement I made new arrangements with my bank, developers and programmers. However, the buyer made a u-turn due to a family matter and I was unable to meet the new targets I had placed on the strength of that money. Naturally this made me look a complete fool and left me lost as to what to do next. Had they not approached me I would have been fine but it was too late by the time they told me they couldn't come through for me because I had moved money around.
It was right kick in the teeth especially as the potential investor approached me and I trusted them. It is highly unlikely that I would work with someone I didn't know. I have never looked for anyone to help on the project so the excitement of the approach, knowing that I could get MoarVideo.com completed sooner, tempted me to welcome on board some assistance.
It was suggested that I didn't reveal this setback on the investment front as naturally critics would welcome the news but I believe in transparency with the people who have supported MoarVideo and continue to do so. It was just one of those things and a lesson learned i.e. do nothing until what is pledged is in your hands.
So we move on.
I spoke to the programmers and developers today who have been fantastic as usual. However they cannot be as flexible as they normally are due to the global financial crisis also affecting them. I'm not prepared to put myself under immense pressure over the Christmas months so I suggested that we review the development on January 1st or the nearest date when we are both available. I work every day so I'm always available.
During talks with loved ones today I discussed the options of scrapping the whole thing because I was unsure of how much support I still had with this project. However, a quick look at the front page showed me that there are still people putting some effort in and I cannot turn my back on them and on trying to give them a safe vlogging site that they will be proud of.
I was reminded of the saying "pride goes before a fall" but while I can accept defeat, I am 100% confident that I will finish the development of MoarVideo.com but only with your support by keeping the site full of content and interaction throughout 2010.
I need just over $21,000 to complete MoarVideo.com and I believe I will reach my target but there is no chance of a February/March launch. According to the developers we still have an estimated 10 months of programming to complete. Trust me, that was met with disbelief today but I have confidence in them. If I threw more money at the project, say $42,000 then it may only take 5 months.
I am happy to continue contributing to MoarVideo.TV throughout 2010 and hope that I can keep a very close group together. If I thought for one minute people would desert the site then I would pull the plug now, dust myself down and move on. I would also tell you straight if I knew I can't pull this off. It's going to be hard due to present times but I will give it my all as usual.
You have to remember that vlogging is a hobby to me but I want to provide a site for a community that doesn't deserve to be shit on by admins that don't care.
The haters, critics and people with nothing else better to do than get off on me, will celebrate and put their spin on my announcement but I will assure them, like I will assure you, that MoarVideo.com will come. I could have opted for an out of the box solution and had a website online for you within a few days but I chose the custom model because I thought you all deserved better.
I'm upbeat. Fed up? A little, yes, because it feels like the site will never come but if I have your backing, then that's me happy. I can afford to build the site in the long run, it's just been a difficult time for a lot of people of late and I'm no different to anyone else. It's whether or not I can keep you interested and behind my efforts.
I welcome your feedback.
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