I together with my friends in Canada started a forum 4 years back. We were 4 people managing the forums and we were forced to shutdown due to spam attacks
E.g. Sql injections and Spam posts. The forum was built with soopportal an ASP based forum system.
We did get some investors but they shy away, when they find a large nos. of spam posts
I switched off the forum and hosted a blog which I found hard to maintain now. (Lack of time and energy) The domain is promising and good to start a developer forum like devshed.
This is indeed a thankless job, well said temi!