do not get me wrong, i do like the idea, and support the plan you have mentioned. but for proper financial trust, people like to see more then just a idea.
on this forum, your just a pseudonym right now.
i can easily say "i am the indonisia exchange owner give me money".. in fact i just did..
you say you are number 1.. which means you have enough money to pay for a weekend of conversations in bali. self funded.
well then, this weekend get to bali. make some videos of you convincing merchants to accept bitcoin. allow them to sign up their bank details with your exchange. you do not need a physical office for this.
you CAN and SHOULD do this even without investment.
this will prove you have a business plan and not just an idea. and alot of angel investor will love the proof you provide.
another example of why i ask this.
angel investors did not approach you the day you said "i want to start an exchange". they are now only talking to you now they see results.
Actually there are many of my video in youtube. In facebook community there are also many of our photo which talking with people ,pers and merchant. We do have free seminar monthly. Almost all our activity base in Jakarta now. Majority of our profit spend for bitcoin education and spreading bitcoin awareness in Indonesia. Yes, we are self funding now.
Feel free come to Indonesia. You may surprise. We are one of bitcoin community that more active in offline than pseudonym (online) world not like other country. We are very active in offline world.
You can even read one of the bitcoin merchant in Jakarta via coindesk
http://www.coindesk.com/indonesia-full-bitcoin-exchange-merchant-network-grows/Note: you can see my photo there
When we are move to Bali, other Bitcoin group in Indonesia will still keep spread awareness in Jakarta. We got nice offline community here call 'Indonesia Bitcoin Community'
Myself and William will concentrate in this Bali project.
If you want our documentary in bali, i will record it for you later by next month. Either we got funding or not, plan will be progress but it may be in the smaller scale depending on our cash that we have in next month. We are doing our budgeting plan by early of next month.
I hope this effort can be success and can give own milestone in Bitcoin world.
We are used underestimated by international market
Especially because we are not english spoken country.