[Gregory Dean]

Hi,

We're a company called Panjea (www.panjea.com), and we're going head to head with Myspace. Our site not only offers a lot more features than Myspace, we also, and most importantly, give half the ad revenue to the profiles that generate the traffic that generates the ad revenue. Myspace made $200 Million in ad revenue last year and gave nothing to the million bands that create all of the Myspace traffic.

But how do we beat Myspace?

That's where you come in. We're setting our software up so that any young entrepreneur can run their own Myspace company. If we can get a thousand entrepreneurs from around the world to in turn get ten thousand members each, we'll have ten million members, and from there the word of mouth effect should take us to a hundred million members.

In exchange, we'll give you 25% of ALL revenue we earn, whether from advertising or ecommerce sales or anything else, from the members that you sign up, with a cap of $25 per member. If you want a bigger cut, we'll do what Yahoo Stores does and simply charge you $40 per month and you can license and private label our software and build your own Myspace. If you want us to sell your ad inventory for you, we'll split the ad sales 50/50 with you.

We're still working out the details, but this is a HUGE opportunity for smart, young entrepreneurs. Send me an email if you're interested in discussing it.

Cheers,
Greg
gdafilms@hotmail.com

[Jimmye]

I like the site very good layout. Just dont like the music :P

[bbalfour]

Gregory,

I made a quick post on my social networking blog about your site.

http://www.socialdegree.com/?p=34

My personal opinion. Ad Sharing will not build the next Myspace.

[aspire2b]

Greg, I think you have a great website under your belt.

I don't think it's possible to beat the likes of myspace, but I don't see why you can't have an effective presence in this market.

I disagree with all this "saturated market" , "Impossible to compete" - It's not impossible it's all about the attention you create and the execution of your business.

Greg, there is nothing stopping you from making a success out of this website just as long as you execute your business model in the right way and to the right people.

Saturated market? - How many people use the internet daily, how many people join the internet daily. It's all about the niches you layer onto the original idea.

I was told that setting up a web design company would not be successful and the "market was too saturated" , I went ahead anyway, undercut my competitors and have made a great success.

All I'm saying is if you believe in something then go for it. It doesn't matter if you fail because you're learning all the time for those big business successes awaiting you.

Good luck with the website Greg

[Newgal]

That is a Great idea! I hope it works out for you! I wasn't fond of the music either.