This young man aggregated a very valuable demographic in one place. Over 2 Million prime "hosteling" candidates, and travelers all accessible through his user list. As to the question of whether this is real, I am uncertain. It would be understandable however if it were.<p>What many entrepreneurs realize too late is that acquiring a lot of heterogeneous users quickly is of little value. Acquiring HOMOGENEOUS users is of great value. When all of a sites users are homogeneous, ie travelers, or runners, or 30 year old single women, the number of methods of monetizing them are legion. Monetization of an audience of less than 5 million is more difficult where there is no commonality.<p>This young man chose the simplest monetization method, sell the names.