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Topic: Invest in Bitsumo.com - "Buy Anonymously With Bitcoins" (Read 2281 times)

legendary
Activity: 1183
Merit: 1000
Friends,
  This round has closed, I appreciate everyone who participated and I would like to welcome all new equity holders on board!

Please do not hesitate to contact me if anyone needs anything.

Pablo.
legendary
Activity: 1183
Merit: 1000
sr. member
Activity: 259
Merit: 250
PM sent  Wink
legendary
Activity: 1183
Merit: 1000
Ok, we are down to to the last of the equity for sale, anyone still interested please drop me a PM.

Pablo.
legendary
Activity: 1183
Merit: 1000
***************
Announcement
***************

Friends,
  The sale of equity to raise operating capital has been going very well. Please be aware that if things keep going as they are, we may have to raise the price of equity in the next few days to deal with over-demand; we will NOT be offering any additional equity and this round is capped at 25%. This is NOT happening right now as we are still negotiating several positions but I wanted to give investors a fair warning that if most positions are closed this will likely happen for the last bits of equity. Now is the time to get a good deal.

Please PM me if you have any questions.

Pablo.
legendary
Activity: 1183
Merit: 1000
I've sent a PM, I would love to learn more. I've been following bitsumo.com from the start and have been a customer before.

PM answered Smiley.

Pablo.
staff
Activity: 3304
Merit: 4115
I've sent a PM, I would love to learn more. I've been following bitsumo.com from the start and have been a customer before.
legendary
Activity: 1183
Merit: 1000
I've used bitsumo as a customer and I liked it very much.

Still, throwing $5-15K into a business without knowing current profits or potential ROI is pretty nutso, even for bitcoiners.

Hi Smiley,
   Please PM me for these details, they are available, I just don't want to post them on the forum up front for our competitors to see Smiley. I have provided this information to all serious potential investors.

Pablo.
full member
Activity: 304
Merit: 102
I've used bitsumo as a customer and I liked it very much.

Still, throwing $5-15K into a business without knowing current profits or potential ROI is pretty nutso, even for bitcoiners.
legendary
Activity: 1183
Merit: 1000
can you explain how will investors make a return? dividends?

the elephant in the room

thanks

I generally have three criteria for investments and liquidity is one of them, so you have to sell me harder on private holdings (with no pass thru)

Hi Smiley,
    Investors will make a return as equity partners. Example: if someone invested the whole 15k, they would own 25% of the company and they would be entitled to 25% of the net profit, it's pretty straight forward.

About that pass through, I'm all for that, I'd actually be happy with an IPO to make the shares more liquid for partners, it's just that I personally don't have the time to put that together, but if one of the equity partners wanted to put it together I would be happy to provide all the information needed Smiley.

Please let me know if you have any other questions Smiley.

Pablo.
hero member
Activity: 546
Merit: 500
can you explain how will investors make a return? dividends?

the elephant in the room

thanks

I generally have three criteria for investments and liquidity is one of them, so you have to sell me harder on private holdings (with no pass thru)
hero member
Activity: 658
Merit: 500
Pablo, definetely keen to hear more. Have lots of questions would love to see more details
I'll PM you.
 Smiley
legendary
Activity: 1183
Merit: 1000
what will the money be used for?

100% of the money will go into the daily operating fund.

Smiley

Pablo.



thanks for the answer, but what does it actually mean? you just need the funds for cashflow?

I'm sorry, I should have been clearer:

I mean we will use 100% of the funds for the store; nothing will go to me personally. Practical distribution will be as follows:

1. 97.5% for daily purchases: By this I mean that the funds will go to cover incoming orders while the payment sent from the customer cycles from Bitpay and into our accounts. Currently certain large purchases, of which we have a good number, have a 2-3 day wait period, we would like to eliminate this back log; we are also getting an increasing number of regular orders every day for which we need additional funds to keep processing them same day.

2. 2.5% of the money, that is 375 USD, will be reserved for a conservative monthly advertising campaign.

I hope this clears up your question, please let me know if you have any doubts Smiley.

Pablo.
hero member
Activity: 602
Merit: 500
what will the money be used for?

100% of the money will go into the daily operating fund.

Smiley

Pablo.



thanks for the answer, but what does it actually mean? you just need the funds for cashflow?
legendary
Activity: 1183
Merit: 1000
We still have some spots available for investment, please PM me if you would like more information Smiley.

We are offering 25% real equity, negotiable over the whole 15k investment, divisible by the size of individual investment.

Pablo.
legendary
Activity: 1183
Merit: 1000
what will the money be used for?

100% of the money will go into the daily operating fund.

Smiley

Pablo.

hero member
Activity: 602
Merit: 500
what will the money be used for?
legendary
Activity: 1183
Merit: 1000
why not just open an IPO and sell 15,000 shares at $1? or are you looking for investors to do that and make a passthru? looks like a great business, i just don't see why you are putting this topic in the securities section.

Hi Igba Smiley,
   I think an IPO would probably have been the way to go, but I don't have the time resources right now to put that together so I am hoping to find 1-5 partners to invest the 15k and make it easier on  myself. If one of the investors wanted to help with an IPO so we can raise additional cash, or complete the investment, then I am very open to that. I would put it together myself but there just aren't enough hours in the day.

Smiley

Pablo.
legendary
Activity: 1183
Merit: 1000
Hello Pablo,
interesting business model. there is definitely a market for this. Smiley

In particular the emphasis on discreet shoppers, are you going to be targeting this market?

as well as general shoppers?

What is the monthly volume at the moment?

 And what is your plan to expand beyond

 is there any countries beyond the US you are targeting?

Hey Smiley,
  We generally target all shoppers; we collect only information necessary for the business to operate so I'm not sure if I would say we have an emphasis on either kind of shopper.

Our main customer base is the U.S., we can serve all countries, and we target all countries, but for some reason, about 90% of our sales are U.S. based.

If you are interested in investing, and would like business specific information, please drop me a PM, I'm happy to help with whatever questions you may have Smiley.

Pablo.
member
Activity: 111
Merit: 10
why not just open an IPO and sell 15,000 shares at $1? or are you looking for investors to do that and make a passthru? looks like a great business, i just don't see why you are putting this topic in the securities section.
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