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If someone wanna invest in me,im GREAT POKER PLAYER,we could share 50-50% :D
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The tits content in this thread made me happy.
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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. |
This is an awesome post with useful information for me, so I certainly don't take it as an insult. :) Thank you bossku69 :thumbsup
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Do you have a business plan, buddy? Can you list your direct and indirect competitors?
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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. |
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It is a pretty old story |
Facebook made a lot of money, that's a social network.
I'm in! |
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.... |
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+ few more documents I'm working on. Quote:
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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 |
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For that reason, I'm out. |
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