Sounds interesting.

Will this be generating income, so just holding the shares will yield a dividend, or is the only reason to buy shares if you want to get a printinting?

Will you allow people to order printings by paying with btc, or is the only way to get printings to purchase and turn in shares?

You need to have a provision in case you can't sell enough shares to buy the equipment. Something like, "if 9000 shares are not sold by 2/28/13, all shares will be bought back for the IPO price, and the security will be delisted." This will assure people that you aren't going to keep their money forever if the project doesn't get off the ground.

Could you imagine a company going to VCs and saying "we really want to make a printer so versatile and powerful, it can replicate itself entirely, and for 1/10 of what we'll be charging!" I think it'll take a 3d printer company advertising it's able to replicate another company's printer to set that clusterfuck in motion...  

Without proof-of-concept, I'm having trouble imagining what kind of dividends the project could bring in. If an "average" project were to take .5kg of wire, wouldn't that indicate the fee to print is effectively ~$170? At a minimum, it'd cost 200*.04=8BTC, or ~$120, which is effectively just the service fee for you to print something. Will you be charging non-shareholders more for this service? My imagination's fairly limited and I haven't looked through the databases of open-source designs. What could be produced by the Makerbot justifying a $170 price tag?

I'd suggest # of shares owned corresponds to a discount in using the service, up to some maximum. So, if you owned, say, 1k or more shares, you get a 100% discount on the service fee (but not material costs). 500 shares would equal a 50% discount, 100 shares 10% discount, and so on. Alternately, perhaps you should have to pay the company to personally use the makerbot at the same rate you'd charge them. When a shareholder pays 200 shares as a service fee, are those profits distributed to the shareholders as a dividend?

It's quite interesting, you'd better advertise it in your city or near, I'm sure that many people will need this convenient service. Because 3D printers are still rare, I think. It is quite useful to make tools or decorate home.

How much of the printer can the printer replicate? .... I have an idea here I think

Now, you got me missing Atlas!

so where's the listing?

Aw, why not?

One print job per month? Sorry, but... lol

Sounds pretty interesting although this seems more like an interest free loan.. where you then pay if you want to use the 3D printer.

I'd suggest giving everyone a free printout (only charge for materials + shipping) once a month or so. [/list]

Certainly a novel IPO.

If people trade in shares for a print-job is the plan to then resell the shares, to use it as a means to gradually buy the printer for yourself or some mix of the two (depending on your cash situation at the time)?

Hey all,

After rereading this thread and thinking about whether this would work, I've concluded that while it would be a fun project, it would not succeed as a business, or as a security on an exchange like this. As some have pointed out: the profit margin simply isn't advantageous enough to produce enough revenue to make it worthwhile.

So, I am returning all funds to shareholders via a dividend scheduled for noon today. And I'll just eat the 5btc asset creation fee.

Thanks to everyone who supported this despite its rough start. I've learned from this that I should get a diverse opinion before jumping into something. I'll always be on the prowl for new projects and businesses!

Best,
Garrett

Shares are now trading! https://btct.co/security/CREATE[/s]

Hey all,

Let's face it: 3d printers are cool. I've wanted to own one for a while but I just don't have the extra money laying around. Surely some others have this same problem, or maybe you just don't want to deal with the technicalities of the machine, and you just want something that you can say you created. Either way, I am offering a solution via the BTC-TC exchange!

10,000 shares of the asset CREATE will be, apologies for my redundancy, created. I will keep a 10% stake in the project (as I have with my mining company Cognitive) and the remaining 9,000 shares will be sold at 0.04BTC each, which will raise roughly 350 coins. With this capital, one MakerBot Replicator™ 2X along with all of the base colors of ABS plastic wire for the printer will be purchased. Remaining funds will be held for future expenditure, whether it be for repairs, additional wire, etc.

And here's the fun part: At any time, you can trade me 200 shares plus 200 * kg of wire used shares (I suspect this will be under 0.5kg for an average project) in exchange for a 3d printout of your own, mailed to you. This includes the shipping and other fees only if in the USA.

Additionally, something for the future: I am considering creating a web site for this project, where people could purchase our printing power, and profits would be distributed as dividends. This would be brought up in a motion in the coming weeks.

Why are we choosing this printer? Many people including myself believe it is the best available within our reasonable price range. Here are a few advantages it has: http://www.makerbot.com/faq/

As always: comments, questions, and criticism are welcomed.

Cheers,
Garrett

Is the Mhs/share going to rise once you get delivery of your orders?

Can you give us some information about the current status of Cognitive and ASICs orders?

Avalon are saying they will ship this week.

Is the 0.00057142 BTC/share weekly dividend expected to continue for awhile?