It looks like you're new here. If you want to get involved, click one of these buttons!
You need 10 million minimum to make a MMORPG. Less than that any company will fail, being big, small, or with good ideas. Will they hit that mark with funding?
I am talking base line. You can toss as much money as you want at something but it can still fail (SWTOR is a good example). Bare minimum to make a MMO float is 10 million.
The definition of insanity: doing the same thing over and over expecting different results.