A few are fake. But the point is to build a bunch of content first, then once traffic builds and submissions start coming in, we can start screening and posting only the better ones... gotta start somewhere man.
yeah sites like TFLN and fmylife are the idea that sparked ours... I mean why not niche something like drunk stories and make a few hundred a month in advertising if enough people start using the site? At least that's my thoughts
What you need to do is pay a 12 year old $100 to make an iPhone app for the site, sell it for a couple of dollars, and earn yourself a shitload of money. Thank me later.