How could you find Investors/Funders for gambling website?

[Aleator]

Other than being respected in the community and being known for a trustworthy person and having a good idea, what other ways to find funders and investors?

 I would like to start a gambling website for mainly PvP so it will need fairly little starting capital since people will be playing against each other rather then the house so there is no house edge , we will only take the rake from each bet  people play.

 This might require a loyal good quality freelance developer (to develop first then to maintain it safe forever) in the pay loop and designer to make it look good , marketing will be done by me and all of this might cost some coins and I do not have it , my budget right now is about 100$ or slightly more , I might need a starting capital of 1000$ first and after that I might go with the earnings or maybe will need bigger funds to market even more the get more attraction.

[RHavar]

Finding investors isn't hard, it's convincing them you can deliver returns that is.

I would clearly present your idea, plan, roadmap  (don't worry, no one steals ideas. If you have a good idea, you have to shove it down peoples throats) and sell people on it. Research the hell out of it, get some estimates on how much development and design is going to cost. Put yourself in the position where everything is ready to go, you just need money.

If you are going to the marketer, here is your first challenge. Market yourself and your plan to investors. Check out some successful kickstart projects to get an idea of what it takes to get people to part from their cash.

[vennali]

From my experience I have seen with time the trust comes automatically and it becomes possible to find investors. Most of the investors too wait for some time before considering investing. If the site runs for the time without much problems and in a professional manner than people do consider investing.

Also your site will have to be famous and have the reputation to attract the investors.

[Aleator]

 The problem is , the site needs an initial startup cost to be build. Since I am not the developer I need to hire one , and since this is a gambling website I can not hire anyone , it needs to be a trusted person. Even the trusted person is not enough, couple of other developers needs to see if the code is legit , maybe some sysadmin as well , so and so. Basically , if I do not know how to code and I want a gambling website to be coded for me , it won't be cheap. We may start with initial play-money version of it just to give the feeling for the investors but otherwise I can not get this website build all by myself.

 In best case , I will find a CTO that will take % rather then $ but if he is going to build the website , why would he need me?

[CEG5952]

 The problem is , the site needs an initial startup cost to be build. Since I am not the developer I need to hire one , and since this is a gambling website I can not hire anyone , it needs to be a trusted person. Even the trusted person is not enough, couple of other developers needs to see if the code is legit , maybe some sysadmin as well , so and so. Basically , if I do not know how to code and I want a gambling website to be coded for me , it won't be cheap. We may start with initial play-money version of it just to give the feeling for the investors but otherwise I can not get this website build all by myself.

 In best case , I will find a CTO that will take % rather then $ but if he is going to build the website , why would he need me?

You need to look for a guy who is into gambling as well. As the other user said above, it's not hard to find if your plan gives a solid return on investment. You must convince them to join you by offering what you have in store.

[shulio]

 The problem is , the site needs an initial startup cost to be build. Since I am not the developer I need to hire one , and since this is a gambling website I can not hire anyone , it needs to be a trusted person. Even the trusted person is not enough, couple of other developers needs to see if the code is legit , maybe some sysadmin as well , so and so. Basically , if I do not know how to code and I want a gambling website to be coded for me , it won't be cheap. We may start with initial play-money version of it just to give the feeling for the investors but otherwise I can not get this website build all by myself.

 In best case , I will find a CTO that will take % rather then $ but if he is going to build the website , why would he need me?

What will you offer people so that they will be your partner or investor besides your idea? You cant code, you have no budget and in total if someone can code or have the budget then he wont even need you. If you got a great idea, you need a great developer as well but no one will be doing it for percentage so you need to offer something beside just your idea or your plan

[lottoitaliano]

Is hard to find investor if you have a quality launch gambling, let alone for the new site, that exists only in your head for now. You will not find easy 1000 $ in the forum whitout concrete and real project

[marioantonini]

I don't have understand, you have one idea for che gamling pvp and search 1000 $ for create all ? Site, scrypt and more? 1000 $ for me is very low for find a great programmator to create a new scrypt for you.

[Aleator]

 Mario if I were you I would use that 1000$ in english , possible a whole lot more as well.

 shulio , that is what I am saying , if I find the money I will hire the programmer , otherwise if I do not pay for the coder , why would he take the equity rather then cash? So that is why I am not looking for a coder with some talent , I am looking for a VC with capital If I considered partnering up with a coder for the website I would start a topic and ask how can I get someone to partner up with me rather then asking how to find funds.

 Seriously tough , if a coder could code the shit out of a website and make it really tight (really difficult to hack at least , close to impossible hopefully ; I would market the crap out of it and work day and night and spend every waking hour how to get more and more people in to the website. I had one of the earliest faucetrotators and it reached over 1000 visits a day in couple of days and sold it when it was 12k a day in day 26th , so I think I can get a lot of attraction if I can believe in the project. I did the same think for some concierge service business and I got it to 200 visits a day from ground up , so I need to love what I do to market it better.

 A coder can code the website and make it work and get some people to play it . He will mimick others and will have signature and maybe some referral and some promos like aall others but how much will he be known? Whereas I can take any site and make it from zero people know about it to 20k people will visit it a day in just under 2 months (maybe slightly over). Which I believe is a quality skill but can't prove it tough...

 So thats why I am not asking for a CTO , I am asking for a CFO

[jambola2]

Convincing investors is hard.
You could just run away with all the funds if you want to.
What you can do is, if you have only a few investors (1-2), you can make your gambling site's cold wallet be a multisig wallet, where you can't take the funds and run without the investors confirmation.
For example, if you have 2 investors, investing 50 BTC each, maybe 5 BTC could be in the hot wallet, and the rest would be a 2 of 3 key cold wallet, needing atleast one investor to withdraw the funds along with you.

Finally, this market is rather full atm, you might not be able to get as many big gamblers as you hope for.
You would need to have a super low house edge for people to even consider it, and a lot of reputation for whales to trust you.

[Aleator]

 Jambola literally didn't read the idea and commented. I do not have house edge , I have rake. I do not play against the players , they play against each other...

[ndnh]

If you want $1000 upfront from an investor, that is really hard. They are risking too much.
One is, they are trusting you. What if you just ran with the money?
Two is, what if everything is done, and no one plays there?

That is all it is about.

[kronkodil]

If you don't have money or bitcoin for start the project, you can't use any object, like laptop, camera, game console as collateralk for request a little loan to the forum ?

[Aleator]

 Collatoral sounds great , also for everyone who considers why I can't simply put the starting project capital , well my morgage is 600$ , not everyone lives in USA with 50k$+ salaries , some of us lives with 1000$ a month in other countries and still live easily , its just that the currencies are very different here and 100 is all my bills for a whole month for example.

 To make it easier for you all to understand , how much 1 million dollars can go in USA and how much 1 million dollars can go in pakistan? in Nigeria? In Liberia?

 Of course I am living in Turkey so its not that bad but still prices are way cheaper here then there so putting up to say 5k$ there is a lot harder here then there. Could be done , just harder.

[Erza]

May be I didnt have any clue about this investor things. But what I do know is if you have a great site like a good idea to implement in your site or may be a great changes in the future I guess that is what investor want to invest but with a lousy site I dont think so there will be investor want to invest there, may be you can try on moneypot ask them to fund your site I think that is the best thing for investor

[eneilwex]

Why dont you try MATCHED betting + ARBING( surebets)?

With $200 or thereabout you should be able to raise $700/800 to start the project yourself without any help.

Once you have started and you have something tangible to show...You will get the investors you need to complete said project and launch.

[ticoti]

you have to have a successful site,and must look for investors in sites like this, you need to advertise in gambling related sites

[elm]

@Aleator

if your idea is unique so don't tell anyone and the 2nd tip from me is dont tell anyone

wait until you have the money to take a developer on your own and checkout

www.moneypot.com

good luck

[elm]

What's the purpose of that moneypot link above? How does this relate to the topic or the message in your post?
Are signature links getting old or something?

you just need to know what moneypot is and offers and you would not ask this stupid question.

and regarding signature you should change your glasses then you would see the signature better

no offense intended but I hate stupid postings

[Aleator]

What's the purpose of that moneypot link above? How does this relate to the topic or the message in your post?
Are signature links getting old or something?

 He meant we could use moneypot api to create a dice website to start off with. I will definetly check that out.