I agree it would cost a few million to build a center like EV1 of the planet. But you guys are way over shooting here.
I've actually sat down and looked into this quite a bit over the past few years.
Cost wise to get a datacenter up and going you are going to need about $90,000 for the first 2 months
Itemized list and approx cost :
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Offfice space : about 2,500 minimum (house about 400 servers with a few offices)
Servers :300 machines to start off ($289+)
Staff : 2-3 people who know what they are doing. About $32,000+ a year salary
Racks + power strips : $1,000 - $13,000 depending on style/material used
Routers + Switches : 2 Firewall routers ($800 a piece) Multiple switches at about $329 a piece
Backup Power : (2) Gas generators about $6,500 a piece
Cooling : Ceiling fans or what not $30 a piece (need about 10)
Security : Surviellence/doors etc. About $5,000 for 3 wireless cameras and some pretty damn strong doors
Monthly power : Expect your power bill to be up in a few hundred dollars a month.
Bandwidth providers : I looked at a 100mbit Cogent line which was $2,300 per month, then just a dual t1 from sprint as my failover ($940).
So all this would cost you about $90,000 for initial startup then about $12,000 per month recuring for office/power/staff and then you would have to pay off the $87,000 it took to build the 300 servers. You also need to advertise your company and eventually setup up the Monitoring center. Which should consist of 1 employee ont he clock monitoring servers and doing remote reboots.
You then have to stat looking into control panel licensing...which can ge rather expensive. But once you are on they way you can expect to bring in close to $30-40,000 per month (this is if you have 300 servers up at $119 a piece).