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CollegeHumor.com - laughing at $405,000/mo.
Part of an article currently in the New Yorker:
CollegeHumor.com was started in 1999 by Josh and Ricky, who grew up in a suburb of Baltimore called Timonium and have been friends since sixth grade. The site began as a place to collect all the jokes, links, and silly photographs that college students like to e-mail around, and served as a kind of nerdy diversion for Josh, who went to the University of Richmond, and Ricky, who was at Wake Forest. Eventually, they recruited Jakob, a student at Rochester Institute of Technology (whom Ricky and Josh met online, although he also grew up in Timonium), to help manage the site; Zach, a college friend of Ricky’s from Wake Forest, joined later.
The site came to dominate the waking hours of all four collaborators, whose formal educations were neglected. In certain instances, this was probably not a bad thing: the textbook used for one class in e-commerce that Josh took toward his degree, in finance, had been rendered obsolete by the dot-com crash of 2000; according to its calculations CollegeHumor.com should have been bringing in fifteen million dollars a month.
The numbers were nowhere near that good, but they were good enough for the friends to decide that they could attempt to make the site their full-time job. In the year and a half since Josh, Ricky, and Jakob left college, traffic to the site has grown three hundred per cent. In December of 2003, CollegeHumor.com generated $45,400; in December of this year, the revenues were $405,000, nearly half of that coming from sales of faux-vintage T-shirts with slogans—“What Would Ashton Do?”; “I Gave My Word to Stop at Third: 1987 Teen Abstinence Day Suffolk County Public Schools”—which they started marketing last spring under the brand name Busted Tees.
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