Topic: funding startups (I myself might want to do this with android apps) - page 2. (Read 2254 times)

Yes, there are a few GLBSE companies which are not mining or Pirate or just holding funds. Having a detailed business plan (and an actual describable business for that matter) is a great way to attract investors. Many GLBSE investors are looking for something less risky than the Pirate pass through to balance their portfolio.

Do you have any complete projects you could provide as examples of your work?

There have been.   Feedzebirds is one kind of similar to what you are describing, for instance.   

Here's another:
 - https://glbse.com/ipo/144

One problem is with how the value of bitcoin keeps increasing, so if your startup earns fiat income (or even earns bitcoins but the price is pegged to a fiat equivalent), the price of each share drops at a proportionate level.   i.e., investors are looking to gain more bitcoins, not just value compared to dollars.

I don't know the secret.  Nobody is using GLBSE in a way that it can be used.

Perhaps, ... offer shares with very short term deliverables perhaps. 

So you start out with something like 10000 shares, and offer 500 shares the first week. There is no minimum, whatever bids are there, that's the price they are sold at.  So you have a two week target.  In two weeks you show that you've met the goal (or not) and you pitch for the next round, where the next 500 shares (or whatever) are sold.  Again, these hit whatever bids are there.   And so on until you have sold 50% of the shares issued (or whatever amount of equity you were willing to offer).   If you finish early, you hold more shares.   If you don't finish with success, that's the risk.

I've not thought this through, but it is one way I can think of how someone with only sweat equity to contribute can get funding on a long shot idea.   It is easier to raise $500 with a two week deliverable than it is to raise $5,000 with a three month deliverable.  Anyone investing knows these generally have a 90% chance of failure.    But If it goes well after a few weeks (deliverables are met) the funds can be raised easier and at a greater valuation.

Hi,

right now I'm in Chile. I came here to found a company and I'm well connected with many start-ups of the same incubator that seek funding for their respective projects. I'm pretty sure none of them tried funding through GLBSE.
I myself never spent much time on GLBSE and was not involved seeking investments in my project at all. I'm a techie.

I quit my project back in April and am still here in Chile working on various own projects alone.
My savings allow me to stay here 2 or 3 more months without any income but I assume it's a bad idea to ask for money on short notice without planning, so I want to at least explore a bit how this would work if none of my projects takes off in time.

I have various project ideas and projects with prototypes running. I could start one of these early stage projects or sell shares of my more successful - yet not profitable older projects.

Most likely investors would want as much information as possible but I wonder if it would add confidence to grant access to my project planning tools and closed beta access to the product? If this should be coupled with a certain investment and an NDA? If I should rather aim for faster development at the cost of hiring developers (I know many that would be available if I had the money).

If I were to program the next angry birds (some of my projects are games) and can convince investors that with 3 additional people we can release a stunning game in 2 months, how would I value the venture? Would that be a million dollar project with a 3% in shares sold to finance the initial release? Would I have to value it to 100k and offer 30% in shares right from the start? I have no experience how to handle that.

Lastly I wonder if people here are interested investing in software projects with rather long term goals when they get promised 8% per week with all the other investments. Are there any traditional projects other than mining operations on GLBSE?