Just so everyones on the same page:
You are valuing your project at 1666 BTC or $733,333.00
Three quarters of a million dollars for something that is little more than an idea and a little bit of code at this point.
Please keep in mind people that if you are investing in this, you are agreeing to that valuation.
Also by asking for investors to cover your expenses while you develop you are shifting all the risk from yourself onto the investors. If it flops or if you can't make it work; at least you got paid a nice salary while you were doing it.
Expecting others to foot 100% of the risk is a shady way of doing business I think.
If you really need the money for expenses you could have a seperated escrow system that pays you out a fraction per month for a certain amount of time.
For example you could receive 20% a month, every month, for 5 months.
Assuming you sell out of the IPO, this would equate to $22,000 a month. Don't try to tell us that your expenses would cost your more than 22K a month. You would have to rent quite a few Lamborghini's to make that happen. If you need more time you could split the escrow into 10 parts equaling $11,000 a month. Anyone and their entire family could live quite comfortable with that kind of cash so I can't think of a reason why this wouldn't work (2 team members? easy! $5,500 a month each! 3 team members? easy! $3,666 a month each!).
In this scenario, your expenses are covered, and if you don't produce anything after a month at least 80% of the funds are saved (or 60%, or 40%, etc etc, atleast you are protecting investors in some way).
Please provide a valid reason as to why this system would not work.
You are valuing your project at 1666 BTC or $733,333.00
Three quarters of a million dollars for something that is little more than an idea and a little bit of code at this point.
Please keep in mind people that if you are investing in this, you are agreeing to that valuation.
Also by asking for investors to cover your expenses while you develop you are shifting all the risk from yourself onto the investors. If it flops or if you can't make it work; at least you got paid a nice salary while you were doing it.
Expecting others to foot 100% of the risk is a shady way of doing business I think.
If you really need the money for expenses you could have a seperated escrow system that pays you out a fraction per month for a certain amount of time.
For example you could receive 20% a month, every month, for 5 months.
Assuming you sell out of the IPO, this would equate to $22,000 a month. Don't try to tell us that your expenses would cost your more than 22K a month. You would have to rent quite a few Lamborghini's to make that happen. If you need more time you could split the escrow into 10 parts equaling $11,000 a month. Anyone and their entire family could live quite comfortable with that kind of cash so I can't think of a reason why this wouldn't work (2 team members? easy! $5,500 a month each! 3 team members? easy! $3,666 a month each!).
In this scenario, your expenses are covered, and if you don't produce anything after a month at least 80% of the funds are saved (or 60%, or 40%, etc etc, atleast you are protecting investors in some way).
Please provide a valid reason as to why this system would not work.
Indeed the 2400nxt for 1 sianote ratio seems very imbalanced. Especially when you realize this is a pre-IPO were 95% of the project if not more is still just an idea.
