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-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   Someone here RICH ENOUGH to THROW AWAY $20k ? (https://gfy.com/showthread.php?t=1117262)

dancent 08-02-2013 12:59 PM

If someone wanna invest in me,im GREAT POKER PLAYER,we could share 50-50% :D

tigermtb 08-02-2013 01:04 PM

The tits content in this thread made me happy.

Toma 08-02-2013 01:04 PM

Quote:

Originally Posted by dancent (Post 19743630)
If someone wanna invest in me,im GREAT POKER PLAYER,we could share 50-50% :D

Stop highjacking my thread! :P :)

Toma 08-02-2013 01:06 PM

Quote:

Originally Posted by tigermtb (Post 19743644)
The tits content in this thread made me happy.

I'm glad that thread delivered :D

96ukssob 08-02-2013 02:02 PM

I'm guessing this is your first time at getting investors right?

Let me give you some tips, I've been around the block myself getting investors and VC funding, so hope this helps you out. Personally, I only like to invest into established companies and businesses that show growth, so once you get there, feel free to hit me up :thumbsup

First... if your looking for someone to invest into your idea, 10% is a joke. You need to be willing to give away 49% of your company for that initial investment... however, make sure to add in that when another round comes up for funding, they can either refund at current rate or their shares will be diluted.

Next, what makes you think your idea is worth $200,000? What valid evidence do you to support that and what is the $20k for? If this is truly unique, which I'm sure there is someone right now with the same idea as you, it will be difficult to anyone to prove it's worth - which is why they gamble on a $20k investment for 50% of your company

Lastly, the notion of "paying you back when we make enough" is pretty far fetched. You need to make one single offer, not four. Either offer someone XX% for $XXXX or don't, you look like you are really selling yourself short.

If you plan to "repay" then you are looking for a $20k loan with a 10% share of the company in return for the loan. If you are going that route, then it needs to be a plan and not "when I feel like it." For instance, show revenue forecasting and tell the investor(s) they will get X% off the top of revenue until the loan is repaid.

Just trying to give you some help, so don't take it as an insult. I have a number of friends, one I just spoke to today begging for "investment" money but have no valid reason around what they are going to do with it or what it will get.

Toma 08-03-2013 01:01 PM

This is an awesome post with useful information for me, so I certainly don't take it as an insult. :) Thank you bossku69 :thumbsup

$5 submissions 08-03-2013 01:27 PM

Do you have a business plan, buddy? Can you list your direct and indirect competitors?

TheSquealer 08-03-2013 02:01 PM

Quote:

Originally Posted by Toma (Post 19744691)
This is an awesome post with useful information for me, so I certainly don't take it as an insult. :) Thank you bossku69 :thumbsup

The harsh reality is that you have nothing. You are trying put a value on nothing at $200,000.00 USD as two of us have now said. How do you justify that value? You can't. You are trying to sell 10% of a $200,000.00 property that doesn't exist.

People with money have much better financial sense than those that don't. Thats why they have money. Even your assumption that someone with money would just put it into a pile and set it on fire because you think its funny, is an example of how juvenile and naive you are about business ... and perfectly illustrates why you could not be entrusted with the hard earned money of other people, much less be trusted to build a business.

More important than what an investor is buying is that they aren't investing in an idea. Every asshole on the planet is full of ideas. Every asshole on the planet thinks his ideas are the best ever. Investors however, do not invest in ideas. They invest in people they believe in. Ideas mean nothing. If you want to be taken seriously, you have to be someone that can be taken seriously. Get rid of the retarded Bob Marley avatar. Think about your business, put together a business plan and demonstrate the maturity of someone that can actually put together a business and make it profitable.

inabon 08-03-2013 08:09 PM

Quote:

Originally Posted by Toma (Post 19743606)
Who is JoesHo?

Exactly ;)

It is a pretty old story

Arnox 08-03-2013 09:29 PM

Facebook made a lot of money, that's a social network.

I'm in!

pimpmaster9000 08-04-2013 03:25 AM

an idea is worth exactly nothing until it is transformed in to reality...I have an idea of building a great pyramid :thumbsup

you have nothing, get something and then ask for something in return...

just trying to help....

Toma 08-05-2013 04:52 AM

Quote:

Originally Posted by $5 submissions (Post 19744723)
Do you have a business plan, buddy? Can you list your direct and indirect competitors?

No, I don't have a classic business plan at the moment, but what I do have are:
  • Conceptual plan
  • Book of standards
  • Technical development strategy
  • Advertising strategy
  • Revenue mechanisms development plan

+ few more documents I'm working on.

Quote:

Originally Posted by TheSquealer (Post 19744760)
The harsh reality is that you have nothing. You are trying put a value on nothing at $200,000.00 USD as two of us have now said. How do you justify that value? You can't. You are trying to sell 10% of a $200,000.00 property that doesn't exist.

The harsh reality is that I didn't offer anything. I must refer you to the topic title. Trust me, when I have everything worked out, GFY community will have a real fundraising call. That thread won't have tits and memes.

Quote:

Originally Posted by TheSquealer (Post 19744760)
People with money have much better financial sense than those that don't. Thats why they have money. Even your assumption that someone with money would just put it into a pile and set it on fire because you think its funny, is an example of how juvenile and naive you are about business ... and perfectly illustrates why you could not be entrusted with the hard earned money of other people, much less be trusted to build a business.

Name of this subforum is "Fucking Around & Program Discussion". Goal of my thread is to discuss with people about fundraising for a business, plus a bit of fucking around for bumping purposes. Second goal was a small pr stunt, since this thread has 900+ views, views of business people whose field of work is web and internet, people who I'll need in near future, who now know that there's some guy who is working on something. I'm sorry if i provoked some of you for asking to throw away your hard earned money, especially in these days when adult business isn't making tons of it, like in the good ol' days. But, invitation still stands - if you've got 20k to put in a pile and set it on fire, contact me :P

Quote:

Originally Posted by TheSquealer (Post 19744760)
Every asshole on the planet is full of ideas. Every asshole on the planet thinks his ideas are the best ever.

I would like not to take this personally, but... :disgust

Quote:

Originally Posted by TheSquealer (Post 19744760)
Investors however, do not invest in ideas. They invest in people they believe in. Ideas mean nothing. If you want to be taken seriously, you have to be someone that can be taken seriously. Get rid of the retarded Bob Marley avatar. Think about your business, put together a business plan and demonstrate the maturity of someone that can actually put together a business and make it profitable.

And advice part, good one actually, for which I'm thankful.

Quote:

Originally Posted by crucifissio (Post 19745338)
an idea is worth exactly nothing until it is transformed in to reality...I have an idea of building a great pyramid :thumbsup

you have nothing, get something and then ask for something in return...

just trying to help....

Thanks, and good luck with your pyramid :thumbsup

Phoenix 08-05-2013 05:00 AM

do it yourself...whatever it takes.
i have spent everything getting two projects up and going..now almost ready i see the finish line/start line. i would hate myself if i let someone in cheap

CDSmith 08-05-2013 07:49 AM

Quote:

Originally Posted by fogfever (Post 19743536)
I wouldn't consider buying alcohol to be 'throwing money away'

Pissiing it away be more exact.

CDSmith 08-05-2013 07:53 AM

Quote:

Originally Posted by Toma (Post 19746533)
No, I don't have a classic business plan at the moment, but what I do have are:
  • Conceptual plan
  • Book of standards
  • Technical development strategy
  • Advertising strategy
  • Revenue mechanisms development plan

+ few more documents I'm working on.

If you went on Shark Tank with all that asking the sharks for $20k you'd get eaten alive. O'leary and Cuban would feast on your carcass.


For that reason, I'm out.


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