Anybody have any idea how much a franchise or a unit cost if I wanted to place one here in Sandwich, IL?
I'd be interested to know, especially as they mention both franchising and straight up sale of the units.
I'm not liking the shit I'm finding via Google: https://groups.google.com/forum/?fromgroups=#!topic/mbedit/kCLi2MD35YE
Quote
Alec Liu
Apr 2
"I've replied to the founder's email earlier today. The questionnaire he attached was very vague and didn't tell you anything concrete. As an investor (which he is seeking) you dont know how much he is accepting or what your expected ROI will be, nor does he provide with even an approximated cost if you wanted to be a franchisee. I am ALL about supporting this frontier, but I think we need a little more substance from bitcoinATM to establish what the plan is. Are some places like Cyprus better to start than here in the USA? As much as I'd like to own a few in my area here in the USA, I think there are more areas in need. Who will manufacture the machine? What is the cost for leasing? My point: how are there 30 orders when all he did was send out a brief questionnaire gauging interests with no detail about anything else? Just trying to be a realist here."
- hide quoted text -
On Tue, Apr 2, 2013 at 12:04 PM, Alec Liu <[email protected]> wrote:
did you catch him?
claims to have orders from 30+ countries already: http://www.businessinsider.com/cyprus-bitcoin-atm-guy-responds-2013-4
and that a real product already exists lolol
BI — "The Bitcoin ATM page is extremely vague and says it's seeking investors/partners, which means there's no actual product yet.”
JB — Yes, the page is a work in progress but just because we are seeking investors/partners doesn’t mean there is no actual product. We have the product ready and we may actually install one asap in Los Angeles (where our operations are) just to show the world it works. We are seeking investors to help fund our expansion as we are completely swamped with orders and interest and need to hire many people to keep up with demand. We will be closing a first round of investment, like somewhere between $1-3 million in the next few weeks and already have more than that ready from serious investors.
Apr 2
"I've replied to the founder's email earlier today. The questionnaire he attached was very vague and didn't tell you anything concrete. As an investor (which he is seeking) you dont know how much he is accepting or what your expected ROI will be, nor does he provide with even an approximated cost if you wanted to be a franchisee. I am ALL about supporting this frontier, but I think we need a little more substance from bitcoinATM to establish what the plan is. Are some places like Cyprus better to start than here in the USA? As much as I'd like to own a few in my area here in the USA, I think there are more areas in need. Who will manufacture the machine? What is the cost for leasing? My point: how are there 30 orders when all he did was send out a brief questionnaire gauging interests with no detail about anything else? Just trying to be a realist here."
- hide quoted text -
On Tue, Apr 2, 2013 at 12:04 PM, Alec Liu <[email protected]> wrote:
did you catch him?
claims to have orders from 30+ countries already: http://www.businessinsider.com/cyprus-bitcoin-atm-guy-responds-2013-4
and that a real product already exists lolol
BI — "The Bitcoin ATM page is extremely vague and says it's seeking investors/partners, which means there's no actual product yet.”
JB — Yes, the page is a work in progress but just because we are seeking investors/partners doesn’t mean there is no actual product. We have the product ready and we may actually install one asap in Los Angeles (where our operations are) just to show the world it works. We are seeking investors to help fund our expansion as we are completely swamped with orders and interest and need to hire many people to keep up with demand. We will be closing a first round of investment, like somewhere between $1-3 million in the next few weeks and already have more than that ready from serious investors.
This guy comes across as a serious investor and has trouble ascertaining what it's all about.
From the last paragraph sounds like a douche salesman scam... Hurry your window is closing, tons of people are on the train already (that no one has serious info on) and its about to leave... get your money on the choo choo NOW! oh btw... that train goes straight to my swiss account ha ha ha
) and is probably selling off huge or sold back over $200 like I did. Use your brain not your heart. Buy low, sell high. FFS.