Crowd-Funded or Privately-Funded?

[Candystripes]

My new gambling site is coming real soon, hopefully within two weeks. Not it isn't dice or poker or anything that has already been made. It's a new and unique idea.

I want to know what you, as players prefer. Do you want the house to be crowd-funded, which means anyone can deposit and invest and be the house. Or privately funded, which means I take in investments from few people that are big 40-50+ BTC.

What do you prefer and why? We are looking for feedback from the community.

[alani123]

Well, I assume that asking for investments for a website without proving your concept first isn't really going to give you much since I guess not that many people will be willing to take that risk. Maybe you should start by funding the website yourself at first for a small period. Besides that, each type of investment has it's own advantages.

For a crowd funded bankroll you'd probably have to deal with the funds of hundreds of investors and probably handle bigger amounts. But on the other hand a bigger bankroll would allow bigger bet limits and therefore attract bigger bettors.

Privately funded websites give you better flexibility when handling funds, but finding a small group of people willing to put large investments on a newly created website could be hard.

[Candystripes]

Well, I assume that asking for investments for a website without proving your concept first isn't really going to give you much since I guess not that many people will be willing to take that risk. Maybe you should start by funding the website yourself at first for a small period. Besides that, each type of investment has it's own advantages.

For a crowd funded bankroll you'd probably have to deal with the funds of hundreds of investors and probably handle bigger amounts. But on the other hand a bigger bankroll would allow bigger bet limits and therefore attract bigger bettors.

Privately funded websites give you better flexibility when handling funds, but finding a small group of people willing to put large investments on a newly created website could be hard.

I want more feedback on who would invest and how much. I can explain the idea to them. I want the bankroll in well before launch (obviously) and I can't fund a whole bankroll myself without having tiny limits.

I am interested in doing it privately, but I want to know what everyone thinks before I do so, and I want to know if anybody would be interested in investing.

[Snipe85]

There's always a risk you'll run with the coins. You need to be well known in the community and build trust before you ask for money.

[Candystripes]

There's always a risk you'll run with the coins. You need to be well known in the community and build trust before you ask for money.

You really just said that to my face, lol? I am not worried about myself.....

I am well known and trusted.

[alani123]

[Candystripes]

All of that is bullshit, I am not worried about that Bitcoin-Police fake scam accuser guy, orthe other hated dude that also makes false accusations. I don't spam anything in the services section, and the one by Giftcoins is because I bugged him about his scamming casino.

There, I am still trusted

[Domino]

No offense but just to be honest with you, I wouldn't be comfortable to invest in your new site. It has nothing to do with the (fake or not) negative trust feedback on you, but simply because you are not trusted enough. After the DB and DN scams, we are a lot more cautious and it is much harder for you to get trusted. For that reason, I would suggest you to fund the site with your personal bitcoin or from your friends first.

[finnile]

You don't simply become trusted because you ran a signature campaign. Based on your trust level and your history of posts, you are better off funding it with your own money. And without posting about your Havoc game, or the house edge involved in it, you will not get a proper reply.