Venture over. - page 2. | Bitcointalksearch.org

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: Drew Horne on April 21, 2014, 06:06:03 PM

I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

There are about 3 or 4 regular Trolls on here and they are very active.

The main Troll sponsor and poster is Mirceau Popescu - he runs a bitcoin exchange called MPEx. Anything and everything that could draw coin away from his site is Trolled. It doesn't matter how valid the proposition or company, he and his goons will Troll it.
Without them here you could have a sensible debate and present your case but it turns to delinquency when they are around and before you know it your thread is a joke.

If you are passionate about this you could try again with a self-moderated thread and monitor and delete Troll posts. It will work eventually.
Personally I don't see why you need to raise BTC - this to me seems to be a FIAT business. Sure there could be a community here willing to back a music festival but you need a fairly self-modded thread to build trust and have a discussion.

People on here are grown adults and despite what the Trolls claim to be acting for (to warn people off scams) the guys on here are old enough to make their own decisions after having and reading the debate. Ofcourse the Trolls are not here to protect anyone apart from themselves and their failing MPEx. With a CEO about to be arrested and extradited who could blame users of MPEx from jumping ship.

Oztwinpeaks

full member

Activity: 133

Merit: 100

Quote from: Drew Horne on April 21, 2014, 06:06:03 PM

I'm glad that you guys have simple enough lives to take time out of your days purely to bash a plan that you know nothing about. The Internet is a great place for people like you to relieve pent-up angst.

I'm looking for an investor who knows enough about the industry to realize that this is the prime moment to break the mold, as large corporations are acquiring festival brands left and right for 100 million dollars. Our plan is centered around creating the optimum brand for selling based on the buyers strategic goals.

I am not looking to bandy words with people such as yourselves who seem to be only seeking conflict. Go do something constructive.
If you aren't interested or have something constructive to say, kindly carry on. I will continue to look for the curious, outside the box thinker that I know is here somewhere, then I'll go over my business plan with them and go forward from there.

Fortunes aren't made by shooting down ideas before you have a clue what they are. They're made by considering the potential of things and getting in early. (Cough bitcoin)
I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

Life is also about contributing a community- which is exactly what members of this board are doing. You are asking people to put a large investment into something on a securities board on a forum- so I don't know what you expected- rose petals thrown into the air? If people point out flaws in your investment proposal then it's up to you to argue otherwise.

NotLambchop

sr. member

Activity: 378

Merit: 254

Sorry OP, I didn't realize you were serious. Let me put you in touch with another captain of industry, a financial tycoon starting a bank.
Here: https://bitcointalksearch.org/topic/the-international-bank-of-crypto-escrow-pre-order-shares-579138

I'm sure he's a capable financier, and both of you are unmatched entertainers. Do't let the haters get you down!

Drew Horne

newbie

Activity: 26

Merit: 0

I'm glad that you guys have simple enough lives to take time out of your days purely to bash a plan that you know nothing about. The Internet is a great place for people like you to relieve pent-up angst.

I'm looking for an investor who knows enough about the industry to realize that this is the prime moment to break the mold, as large corporations are acquiring festival brands left and right for 100 million dollars. Our plan is centered around creating the optimum brand for selling based on the buyers strategic goals.

I am not looking to bandy words with people such as yourselves who seem to be only seeking conflict. Go do something constructive.
If you aren't interested or have something constructive to say, kindly carry on. I will continue to look for the curious, outside the box thinker that I know is here somewhere, then I'll go over my business plan with them and go forward from there.

Fortunes aren't made by shooting down ideas before you have a clue what they are. They're made by considering the potential of things and getting in early. (Cough bitcoin)
I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: Drew Horne on April 21, 2014, 05:46:27 PM

Quote from: sporket on April 14, 2014, 08:33:39 AM

Quote from: thehun on April 13, 2014, 07:37:46 PM

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject? OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this? What else would you like me to ignore? What fresh kind of craziness is this?

You're right, the title of the thread was and is inaccurate. I will change it to be more suitably reflective of the idea.

This is why nobody will take this seriously.

Please stop with the rediculous estimations.

A more accurate title would be: Looking to spend your 1000btc on a likely unprofitable business.

Drew Horne

newbie

Activity: 26

Merit: 0

Quote from: sporket on April 14, 2014, 08:33:39 AM

Quote from: thehun on April 13, 2014, 07:37:46 PM

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject? OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this? What else would you like me to ignore? What fresh kind of craziness is this?

You're right, the title of the thread was and is inaccurate. I will change it to be more suitably reflective of the idea.

lobbes

full member

Activity: 240

Merit: 101

Quote from: Drew Horne on March 28, 2014, 04:38:13 PM

...
If I were willing to publicly broadcast my business plan, that's when you should be skeptical because doing the same thing as everyone else right now is not how you are going to be successful enough to promise such a ludicrous return.
...

Even the OP admits he's promising a ludicrous return Cheesy

I like the idea of a music festival powered in-part by Bitcoin.. but you have to expect skepticism when you claim things like that, especially here.

sporket

sr. member

Activity: 280

Merit: 250

Quote from: thehun on April 13, 2014, 07:37:46 PM

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject? OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this? What else would you like me to ignore? What fresh kind of craziness is this?

thehun

legendary

Activity: 1212

Merit: 1037

Quote from: sporket on April 12, 2014, 06:32:27 AM

Quote from: thehun on April 08, 2014, 04:28:19 PM

Quote from: Phildo on March 29, 2014, 05:09:18 PM

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

Subject: "Looking for investment of ~2500 BTC for music festival, return = ~150,000"

Sure bitcoin price matters, since OP is "investing" bitcoin into fiat, and then converting fiat profits (sorry if you just sprayed your keyboard with coffee) into bitcoin. If, at the time of repayment (moar lulz, sorry) bitcoin price has doubled, OP would need double the fiat to cover it.

I'm amazed that you read OP's business proposal, concluded that it is sound, and missed this glaring blunder.

Quote from: thehun on April 08, 2014, 04:25:06 PM

.. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently)...

NeoBee was a bag of dicks. This is a cheaper bag of dicks, but the dicks it contains are just as suckulent and tasty.
Do.not.want.

Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business.

This said, I'm not trying to promote anything here. Drew asked me to have a look at his plan and to give my opinion and I did just that. I'm not going to invest myself as I don't have that amount of idle cash and anyone considering to do so would be a fool if he didn't review the plan him/herself before making a decision. I'm sure there are risks involved as in any business but there are also cases of success.

In brief: do your own research instead of bashing someone without looking at what he has to offer

Oztwinpeaks

full member

Activity: 133

Merit: 100

As someone who has close friends with people in the music festival business in Australia and NZ, I can certainly attest to it being an extremely hard market to make the type of gains that you are talking about. There are a huge amount of insurance and compliance costs that the operator is responsible for and that carries enormous risk. The business model isn't a great one, because it involves a large capital outlay of costs upfront (contractors tend to be reluctant on taking 100% risk with music events and will ask for deposits in advance), and profit is dependent on a number of factors many of which stand outside just successful marketing or high quality acts.
My friends do it for love of music- because making big money in that industry is extremely hard. I wish you well, but I would bet on the return that you are talking about being far more likely simply by holding BTC than investing in this equity.

sporket

sr. member

Activity: 280

Merit: 250

Quote from: thehun on April 08, 2014, 04:28:19 PM

Quote from: Phildo on March 29, 2014, 05:09:18 PM

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

Subject: "Looking for investment of ~2500 BTC for music festival, return = ~150,000"

Sure bitcoin price matters, since OP is "investing" bitcoin into fiat, and then converting fiat profits (sorry if you just sprayed your keyboard with coffee) into bitcoin. If, at the time of repayment (moar lulz, sorry) bitcoin price has doubled, OP would need double the fiat to cover it.

I'm amazed that you read OP's business proposal, concluded that it is sound, and missed this glaring blunder.

Quote from: thehun on April 08, 2014, 04:25:06 PM

.. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently)...

NeoBee was a bag of dicks. This is a cheaper bag of dicks, but the dicks it contains are just as suckulent and tasty.
Do.not.want.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Digitally Plugged in 18-34 year olds are not a "hard to reach" demographic. Hell, 9 times out of 10 a product or service is marketed towards 18-34 year olds or teenagers because they either have the disposable income and the single lifestyle (less responsibility) to splurge on products and services or they have parents who will get them what they want.

augustocroppo

vip

Activity: 756

Merit: 504

Dank 2.0?

Drew Horne

newbie

Activity: 26

Merit: 0

We don't plan on overnight, we plan on 5 years.
It may sound silly when you know nothing about the industry, but the fact is that there are a couple of companies out there who are hell bent on acquiring every EDM brand they can for the purpose of uniting a hard to reach demographic (digitally plugged in 18-34 year olds with disposable income) and have already purchased many brands in the past year or two for 10-100 million.
So with out unique approach to build the perfect brand to cater to their goals, it is more than possible that we will be able to sell the brand ultimately for $250M.

If you don't know anything about this industry I will be more than happy to fill you in, but please don't senselessly bash my ideas without having a clue what our plan is. I assure you that this isn't just wishful thinking.

retrend

sr. member

Activity: 476

Merit: 251

Lol @ a music festival or chain of them being worth $250,000,000. It's a completely flooded market and very competitive in Europe at least, so the idea you can create a quarter of a billion brand overnight is ludicrous.

If it's such a great idea look on a crowdfunding site for a million dollars.

Drew Horne

newbie

Activity: 26

Merit: 0

Quote from: thehun on April 08, 2014, 04:25:06 PM

I have been in touch with Drew the last days and he has sent me his business plan. After having looked at it I can say it is very professionally presented, thorough and ambitious but feasible nevertheless. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently), I think it's one of the most serious offerings here on Bitcointalk. The guys have experience organizing music festivals (have a look at the Lunar Massive videos on Youtube or their Facebook page) and I agree with Drew in that there is potential in this market.

This said, of course it's not for everyone (in fact I told Drew that Bitcointalk is probably not the best place to come at this moment looking for funding given the recent events). The organizers have their reasons to not want to do an IPO as such but rather limit the offering to a reduced number of investors which of course sets a higher share price. So if you're in a position to invest a larger chunk of money I would say: drop a line to Drew, sign the NDA and have a look at his plan, then do your research and then make your own decision.

Thanks for the vouch thehun

Anyone else interested in these levels of returns please do not hesitate to contact me through private message

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: thehun on April 08, 2014, 04:28:19 PM

Quote from: Phildo on March 29, 2014, 05:09:18 PM

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

All other things equal of course and you expect the estimates to be accurate but in this case would call that into question

thehun

legendary

Activity: 1212

Merit: 1037

Quote from: Phildo on March 29, 2014, 05:09:18 PM

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

thehun

legendary

Activity: 1212

Merit: 1037

I have been in touch with Drew the last days and he has sent me his business plan. After having looked at it I can say it is very professionally presented, thorough and ambitious but feasible nevertheless. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently), I think it's one of the most serious offerings here on Bitcointalk. The guys have experience organizing music festivals (have a look at the Lunar Massive videos on Youtube or their Facebook page) and I agree with Drew in that there is potential in this market.

This said, of course it's not for everyone (in fact I told Drew that Bitcointalk is probably not the best place to come at this moment looking for funding given the recent events). The organizers have their reasons to not want to do an IPO as such but rather limit the offering to a reduced number of investors which of course sets a higher share price. So if you're in a position to invest a larger chunk of money I would say: drop a line to Drew, sign the NDA and have a look at his plan, then do your research and then make your own decision.

Phildo

legendary

Activity: 1526

Merit: 1000

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

Topic: Venture over. - page 2. (Read 7849 times)