Seeking $25K Investment for Huge Project

virtualinvestor770

newbie

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Quote from: Vod on September 14, 2018, 10:13:36 AM

You should edit the OP to remove "The individual will receive a 25% stake in the company." That implies ownership.

Also, you will own the company, so you own what the company owns. Just to clear that up.

Thank you. I updated the post :-)

Vod

legendary

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Licking my boob since 1970

You should edit the OP to remove "The individual will receive a 25% stake in the company." That implies ownership.

Also, you will own the company, so you own what the company owns. Just to clear that up.

virtualinvestor770

newbie

Activity: 70

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Quote from: Vod on September 14, 2018, 10:08:36 AM

Quote from: virtualinvestor770 on September 14, 2018, 10:06:15 AM

The investor will get the return on his/her investment. The company will own everything else, not myself. Remaining funds will be used for operations, development, marketing, legal, and licensing. There will be no fees charged on the platform for trades

Thank you for taking the time to clear it up. Good luck on your project.

Thank you. My apologies for the time it took to understand the exact question

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: virtualinvestor770 on September 14, 2018, 10:06:15 AM

The investor will get the return on his/her investment. The company will own everything else, not myself. Remaining funds will be used for operations, development, marketing, legal, and licensing. There will be no fees charged on the platform for trades

Thank you for taking the time to clear it up. Good luck on your project.

virtualinvestor770

newbie

Activity: 70

Merit: 0

The investor will get the return on his/her investment. The company will own everything else, not myself. Remaining funds will be used for operations, development, marketing, legal, and licensing. There will be no fees charged on the platform for trades

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: virtualinvestor770 on September 14, 2018, 09:58:37 AM

Let me rephrase my statement/answer. After a successful Token Sale, the investor would take their profits and will have no say in the further direction of the company. For example, the investor invests 25K in crypto. The platform raises 10M; the investor will get 2.5M and that will be all.

Ok, so the investor will now own 0% of the company?

You will own 100%?

virtualinvestor770

newbie

Activity: 70

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Let me rephrase my statement/answer. After a successful Token Sale, the investor would take their profits and will have no say in the further direction of the company. For example, the investor invests 25K in crypto. The platform raises 10M; the investor will get 2.5M and that will be all.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

You still have not answered the ownership question.

The investor will own 25% of the company.
Who will own the other 75%?

virtualinvestor770

newbie

Activity: 70

Merit: 0

Quote from: ThatRandom8543 on September 13, 2018, 11:25:37 PM

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. This is a high risk with high reward. The project will be the first of its kind running on blockchain technology. Individuals can purchase virtual shares of their favorite sport teams using crypto. The investment will go towards legal, completing the smart contract, and marketing. The individual will receive a 25% stake in the company. For example if we raise 10M, you will get 2.5M. Once again, this is high risk and hige reward. If anyone is interested, let me know. For legal purposes a formal contract can be signed and we can go as far as meeting in person with lawyers.

Youre better off going to a p2p site getting a loan there because no one here is going to take a risk with something like this, especially if there is no valid collateral. This is high risk which means you probably wont even be able to pay anything back if things go down the drain. Why not just come out of pocket or go to a bank and get a loan and build against that?

Thanks for the advise. If there aren't any investors then I will look at going to a p2p site or getting a bank loan.

virtualinvestor770

newbie

Activity: 70

Merit: 0

Quote from: Vod on September 13, 2018, 09:46:37 PM

Quote from: virtualinvestor770 on September 13, 2018, 06:29:44 PM

Quote from: Vod on September 13, 2018, 06:25:24 PM

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. The individual will receive a 25% stake in the company.

So you are raising a total of $100,000?

If not, can you tell us how the 100% stake will be broken down?

(Your idea is worth 10-20% maximum)

The investor will get 25% of the total proceeds received from the token sale payable in the crypto we decide to go with. The remaining of the funds will be used as follows:

OPERATIONS 40%
DEVELOPMENT: 20%
MARKETING: 20%
LEGAL : 10%
LICENSES 10%

That is how you will allocate your funds.

I'm asking how you will stake your company.

You said the investor owns 25% of the company.

I ask, who owns the other 75%?

Once again, the remaining 75% will go into escrow and will only be converted to fiat if needed for the following services:

OPERATIONS 40%
DEVELOPMENT: 20%
MARKETING: 20%
LEGAL : 10%
LICENSES 10%

There will be a custodial service used. This will all be controlled by the smart contract.

ThatRandom8543

sr. member

Activity: 1344

Merit: 307

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. This is a high risk with high reward. The project will be the first of its kind running on blockchain technology. Individuals can purchase virtual shares of their favorite sport teams using crypto. The investment will go towards legal, completing the smart contract, and marketing. The individual will receive a 25% stake in the company. For example if we raise 10M, you will get 2.5M. Once again, this is high risk and hige reward. If anyone is interested, let me know. For legal purposes a formal contract can be signed and we can go as far as meeting in person with lawyers.

Youre better off going to a p2p site getting a loan there because no one here is going to take a risk with something like this, especially if there is no valid collateral. This is high risk which means you probably wont even be able to pay anything back if things go down the drain. Why not just come out of pocket or go to a bank and get a loan and build against that?

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: virtualinvestor770 on September 13, 2018, 06:29:44 PM

Quote from: Vod on September 13, 2018, 06:25:24 PM

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. The individual will receive a 25% stake in the company.

So you are raising a total of $100,000?

If not, can you tell us how the 100% stake will be broken down?

(Your idea is worth 10-20% maximum)

The investor will get 25% of the total proceeds received from the token sale payable in the crypto we decide to go with. The remaining of the funds will be used as follows:

OPERATIONS 40%
DEVELOPMENT: 20%
MARKETING: 20%
LEGAL : 10%
LICENSES 10%

That is how you will allocate your funds.

I'm asking how you will stake your company.

You said the investor owns 25% of the company.

I ask, who owns the other 75%?

virtualinvestor770

newbie

Activity: 70

Merit: 0

Quote from: Vod on September 13, 2018, 06:25:24 PM

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. The individual will receive a 25% stake in the company.

So you are raising a total of $100,000?

If not, can you tell us how the 100% stake will be broken down?

(Your idea is worth 10-20% maximum)

The investor will get 25% of the total proceeds received from the token sale payable in the crypto we decide to go with. The remaining of the funds will be used as follows:

OPERATIONS 40%
DEVELOPMENT: 20%
MARKETING: 20%
LEGAL : 10%
LICENSES 10%

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. The individual will receive a 25% stake in the company.

So you are raising a total of $100,000?

If not, can you tell us how the 100% stake will be broken down?

(Your idea is worth 10-20% maximum)

virtualinvestor770

newbie

Activity: 70

Merit: 0

Quote from: Vod on September 13, 2018, 06:05:41 PM

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. This is a high risk with high reward. The project will be the first of its kind running on blockchain technology. Individuals can purchase virtual shares of their favorite sport teams using crypto. The investment will go towards legal, completing the smart contract, and marketing. The individual will receive a 25% stake in the company. For example if we raise 10M, you will get 2.5M. Once again, this is high risk and hige reward. If anyone is interested, let me know. For legal purposes a formal contract can be signed and we can go as far as meeting in person with lawyers.

You will be sued and blocked as soon as you use any sports team's name or logo. :/

We are following the samwe concept as Fantasy Sport Leagues do. No sport teams names or logos will be used. For example we will use the following:

Atlanta Braves = ATL
Boston RedSox = BOS
LosAngeles Dodgers = LAD

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: virtualinvestor770 on September 13, 2018, 05:53:53 PM

I'm seeking a $25K Investment for my crypto business. This is a high risk with high reward. The project will be the first of its kind running on blockchain technology. Individuals can purchase virtual shares of their favorite sport teams using crypto. The investment will go towards legal, completing the smart contract, and marketing. The individual will receive a 25% stake in the company. For example if we raise 10M, you will get 2.5M. Once again, this is high risk and hige reward. If anyone is interested, let me know. For legal purposes a formal contract can be signed and we can go as far as meeting in person with lawyers.

You will be sued and blocked as soon as you use any sports team's name or logo. :/

virtualinvestor770

newbie

Activity: 70

Merit: 0

I'm seeking a $25K Investment for my crypto business. This is a high risk with high reward. The project will be the first of its kind running on blockchain technology. Individuals can purchase virtual shares of their favorite sport teams using crypto. The investment will go towards legal, completing the smart contract, and marketing. The individual will receive 25% of the total proceeds received from the token sale and then will have no stake in the company. For example if we raise 10M, you will get 2.5M. Once again, this is high risk and hige reward. If anyone is interested, let me know. For legal purposes a formal contract can be signed and we can go as far as meeting in person with lawyers.

Topic: Seeking $25K Investment for Huge Project (Read 249 times)