Topic: [IPO] Snapbook - Next Gen Social Network, 25 BTC loan, 25% interest, 2X LIQ PREF (Read 1222 times)

I think everyone has beat this horse to death but seriously, if anyone is even considering loaning funds to this person, you're not making a loan, you're giving away money. The OP makes it clear they have no idea what they're doing, nor what they're even talking about (which is evident by not knowing business protocol or even proper term usage, despite claiming they're pros at this). 100% scam.

do you know that you have to register with SEC and approvals for soliciting Series A funding ?
First of all have you incorporated a company ? and hwo can you expect people to invest without a real business plan and in a anonymous company operated by a anonymous person who deals on deepweb ?

To be honest, I do not know if he wants a loan or an investment. One point he wants a convertible debt ("loan" request) but he is also selling "notes" from a non existing company. This tells me that the user doesnt really know what he is doing, or just need to rewrite a few things to have it make sense to those who look closely. Regardless, him doing this publicly and not going by SEC regulations can end up being a problem (and yes OP, SEC can view this thread, your post, and keep an eye because if you are doing an "IPO" without getting approval at the federal and state level, youre in violation of security laws, and could end up being security fraud and can land you in jail, and us out of money unless SEC somehow can return BTC).

wrong place for your blog... This is lending section.. Not for invesment.. And who will make you beleive in this kind of platform? Im not saying that this man will try to scam people from this community.. But you have to make alot of effort to make people beleive,, but not in this section.. Move your thread to investments section..

I would recommend you don't do any more math.  You are off by a factor of 10.

You have no real business plan, do you?

Yes, our money cannot be taken away from you when you scam.


You have negative trust here.  Go apply for a loan on alphabay.

1. We are not going to fail, we are great startup people. We have many successful businesses, previously we worked on a distribution/logistics startup on Alphabay.

2. We want to give the bitcoin community exclusive opportunity for our loan. You are special

3. Yes, initial public offer. This is the IPO of our loan

4. We need money to pay our team! This isn't soviet russia

5. Real world data will come after we launch

6. We have very high feedback on alphabay, 99% positive

Its known as convertible debt, not convertible loan, however I see plenty of flaws in your concept that present it as a high risk for anyone here (others probably see it too). Anyway...

1. What will happen if the business fails? 90% of startups usually fail, and people here isnt in the business to lose money, unlike angel investors and vc, who arent in the business to lose money, but understand the risk of INVESTMENTS.
2. Why are you coming to a bitcoin forum asking for a loan or a "convertible debt"? Why not go to an investor or a VC and pitch them your idea?
3. Do you have any understanding of an IPO, and what it is?
4. Why do you need a loan right now when something that you are doing can be done without a loan or investment during its early stages, then probably amount $200 to get it off the ground initially with about an additional $200 for advertising?
5. Why dont you have real world data? Start your concept, build a userbase, and see where that go because ive seen many social media projects go under after projecting XXXX in so many months or years.  
6. Do you have anything other than stock that can be presented as collateral for your 25 btc request because people here want their money, not worthless common or preferred stock that wont get their money bank if the company goes under (if there is such a thing - where is this company located/registered at anyway?)

EDIT: Either way, I would not suggest asking here. You wont get anything. Try btcjam or go to a real investor or vc and pitch to them and see if they will invest or not.

In Lending, when a brand new anonymous account asks for an irreversible loan, they get negative trust.

1. Yes, we are launching IPO here.

2. We are taking the best essences of Snapchat and Facebook and blending it together to create a brand new innovative experience. From market research and user testing, a lot of people use both Snapchat and Facebook, by making a blend we directly complete with both in ways that neither can do individually.

3. Our lawyer advises us that as "snap" and "book" can be found in an Oxford dictionary, it is not copyrightable. In fact, if we get sued most likely we will be able to get the judge to award us costs, attorney fees, and lost damages. So it is another renuve stream

4. Social media advertising is a $50 billion dollar market. By having 1% market share we will get $500 million from advertisers. It is very easy to get 1% marketshare, Snapbook will be a fresh new fun social network that the youth demographic will be jumping into.

5. By then Snapbook will be a household name and we are guaranteed to be listed on the NYSE, we have friends in NYSE who will be able to help it out. We are also posting it here to reserve the ticker, since no one else will be able to use the ticker (prior art)

6. The unique blend of disappearing messages and emphernal messaging and news feed will be a great innovative concept. We are confident in its success and adoption, plus we just need Kickstarter to raise $500,000 and that will be profit for Bitcointalk investors already

7. This is a loan at 25% interest that is convertible to equity, it is known in the VC industry as "convertible loan". That is why we are posting in Lending.

Sorry Op but why you post this thread here, in lending section?
This is not a loan request and it's total irrelevant with lending in general...

A few questions

1. Really?
2. You just mixed Facebook + snap chat as a name and concept?
3. Do you really think this will fly?
4. How did you estimate that you will get "2018: $500 million revenue from advertisers"?
5. How did you estimate that you will be listed on the stock exchange by this time? ("2020: IPO on NYSE, ticker name SNAPBOOK")
6. Do you really think this will be the new facebook/snapchat, if you don't even have an original concept?
7. Why did you post this on the lending thread? Why not create an IPO somewhere else?

https://i.imgur.com/ZjzaD0F.png

Snapbook - Social Networking Made Fun
INITIAL PUBLIC OFFER. 100 BTC Debt Equity Raise
Bitcointalk.org exclusive

(c) 2017 Snapbook, Inc. All rights reserved.

WHY INVEST? SNAPCHAT UP 44% IN IPO!

-----

WHO WE ARE

We are a team of experienced software developers, UI designers, product managers, who are creating the next big social network. Snapbook brings disappearing messages in a regular news feed format in a revolutionary way. Snapbook will be an iPhone and Android app launching in Q4 2017. We are seeking 25 BTC of funding in order to fully execute on our idea to Kickstarter stage, and will be offering 25% APY interest as well as convertible equity into shares of Snapbook, Inc, a soon to be registered Delaware corporation. After 25 BTC we will raise additional funding on Kickstarter.

Our lead developer has years of experience in developing iPhone and Android apps. He is skilled in many design patterns like microservices and is a top commentator on Stack Overflow, a reputable programmer forum. He used to work for a large software company, and he will be working on Snapbook full time. With 12 years of experience in iOS and Android development, our lead developer will make a compelling, reliable and bug free app in very short amounts of time.

Our lead UI designer worked for Airbnb. She left Airbnb to work on Snapbook and design beautiful interfaces that will attract the attention of the youth market that we are seeking. She is an expert at human driven design, instead of most apps which are designed by programs like Xcode interface generator she is able to design the interfaces herself as a human which shows empathy towards the user. We are attaching preliminary designs of Snapbook later in the post.

Finally, we have an amazing project manager who has worked in various fast growth startups. He is keen to explore business partnerships and will also be our primary counsel. One question you may be asking is, is the name Snapbook a legal liability? No. In his words: "We expect to face vexatious and meritless litigation from existing monopolies like Snapchat and Facebook. I will aggressively defend Snapbook against legal claims, as you cannot copyright two English words joined together. You cannot copyright English." We have chosen the name Snapbook as it accurately describes our social network and it is very memorable.

We are a geographically distributed team, remote work and free lunch perks offered to team members. As well as equity. We are also hiring, send a PM with your resume

WHAT SNAPBOOK IS

Snapbook is FUN. Funny pictures, life updates, memes, late night brawls. Share your life!
Snapbook is DISAPPEARING. All of your posts will disappear after 48 hours. 48 hours is a good time to let everyone view your post.
Snapbook is MULTIMEDIA. You can post text, pictures, videos, even Virtual Reality Argument Reality content.
Snapbook is FOR YOU. We will listen to the user, not advertisers. Facebook, twitter, snapchat, are all beholden to advertisers meaning they compromies on user experience
Snapbook puts YOU IN CONTROL. We will have the best privacy setting sof any social networks

WHAT SNAPBOOK LOOKS LIKE

Here is a designs from our lead UI designer. Note it is copyrighted, do not steal it!

https://i.imgur.com/TA99XTY.png

We are more pictures and designs available for interested investors, contact us. Of course the design is not final and will be polished with the funding we are seeking, this will allow us to have attractive mockups in order to get funded on kickstarter.

HOW SNAPBOOK WILL MAKE MONEY

Advertisements will be in the app, we will try to partner with large brands with big marketing budgets. Our product manager lawyer also has experience in sales and he will be able to land lucrative advertising contracts.

"Social Media Ad Spending Is Expected to Pass Newspapers by 2020" - Forbes
http://fortune.com/2016/12/05/social-media-ad-spending-newspapers-zenith-2020/

There are $50 billion spent on social media apps. We project in 2018 we will own 0.1% of the market ($500 million), in 2018 1% ($5 billion), 2019 10% ($50 billion). Getting 10% of social media ad spending will not be too difficult. Advertisements will be shown on the feed.

MILESTONES

March 2017: Bitcointalk IPO
April 2017: Investments close, Delware C-Corp founded
Q2 2017: Kickstarter launched, raising $250,000 of funding to develop app
Q4 2017: App released for iPhone and Android
2018: $500 million revenue from advertisers
2020: IPO on NYSE, ticker name SNAPBOOK

CONVERTIBLE LOAN EQUITY

We are offering a highly attractive convertible loan for our IPO investors. We are selling 'notes' each of 0.01 BTC (250 total notes, 25 BTC total).

25% interest per year is paid, on a biannually basis. This means 0.00125 BTC in interest will be paid per note, at every April and October.

After 2 years you have two choices:

1- Get principal of 0.01 BTC back
2- Convert to 0.02 BTC of shares (2X LIQUIDATION PREFERENCE)

So if you convert to shares you will receive 0.025 BTC return from 0.01 btc, this is a great deal! As our designer puts it, it is even better than Costco!

COLORED USERNAME EXCLUSIVE PERK

Do you want a exclusive colored username on Snapbook? if you purchase at least 10 notes you can choose your color. Only investors will receive this color, no one else!

We will also offer this reward to kickstarter backers

HOW TO INVEST

To invest please send a PM, we are only seeking 25 BTC in investment and we are expecting this offer to be oversubscribed. SO don't want to get on the next social network. Snapbook will be the future of social networking and all of your friends will be using it.

Any question feel free to ask here

Ps. if you are Securities and Exchanges Commission you are legally prohibited from viewing this thread, penalty is $1000. By continuing to read this thread you agree to the terms that you are not SEC