how to attract investors (500 BTC) for new betting concept

[SteffSon]

Hello all,

I am reading since a long time on this forum and I learned a lot about BTC and altcoins.

Because of the info I found of this forum I bought ETC, ETH and ICN long before their current heights.
Thank you.

I started to get intrested in BTC-betting/casino`s and investing in bankrolls of casinos/sites.
There are some good sites live, but honestly: most of them are copies of each other.

I am currently working on a (yes I say it myself) very nice, appealing, new concept.
We will launch with a working beta soon.

In order to get a bigger bankroll (to accept bigger bets) and apply for a gambling license we will be open for investments.
We can go the traditional way and ask friends, fools & family or even professional investors... but I also learnd on this forum that there are other possibilities.  How does it work? What are the possibilities? It 's a little confusing for me.

Idealy we would raise 500 BTC.

Do I give out tokens?smart contracts as a share of the project/bankroll/winning-losses...?



Ty!

[jamyr]

How to attract investors?

Your platform should be realistic and not just flowery promises.

If you have read enough in this forum, but haven't tried investing yet, you might want to try investing in bitvest.io to learn more.

[SteffSon]

Thank you for your reply.

The word platform is a little heavy for what I have in mind.

For example https://www.bustabit.com/ is a unique betting site. Straight forward.
Easy to deposit BTC and get credits (bits) and easy to withdrawl credits(bits) to BTC again.
This is not a big platform. Its just 1 appealing game.

I am developing a unique appealing game to, and I want to find out where and how to find/attract investors.
Like I said before the target is 500 BTC. They will be used for bankroll, advertising and getting a license.
Ofcourse we will launch a beta first... But since there is so much info out there I decided to (finally) make a profile here and make a post.

[marlboroza]

smart contracts as a share of the project/bankroll/winning-losses...?

This ^^^.
I am sure people will invest if project is good 

[AnonBitCoiner]

apply for a gambling license we will be open for investments.

Do people have to do this whenever they create a site like this? Even with bitcoin?

In order to attract investors, as jamyr put it, it'll have to be realistic. It would also be good to specify what you're hoping to get from the investors. Is it a simple "just need to raise the initial capital, and the investors will receive a fraction of the earnings", or would you accept feedback on how to run the site/want more developers to help you build it? As a prospective investor, I'd also want to be sure that there's no way to game the system, cause 500 BTC isn't chump change.

[newIndia]

I am developing a unique appealing game to, and I want to find out where and how to find/attract investors.
Like I said before the target is 500 BTC. They will be used for bankroll, advertising and getting a license.
Ofcourse we will launch a beta first... But since there is so much info out there I decided to (finally) make a profile here and make a post.

U must convince investors that u wont run away after raising 500 BTC <= This is the toughest part.

[Wendigo]

You need a business partner who is also a crypto currency whale. You sit together and draft a business plan on how to utilize the investment funds. If you need even more funds to keep your business afloat you get another business partner. Profit.
 

[Gotottack]

You need a business partner who is also a crypto currency whale. You sit together and draft a business plan on how to utilize the investment funds. If you need even more funds to keep your business afloat you get another business partner. Profit.
 

It's not common that everyday you see another guy who owns shit tons of money especially in cryptocurrencies that wants to just suddenly partner up with anybody. They are rarer than a unicorn. The best option for you OP is to create some kind of ICO so that you can gather up the necessary funds. People don't want to invest loads of money instantly. Though they don't mind to invest a few dollars. If you get like thousands of small investors then you will eventually get the necessary funding you need. Keep in mind though that your idea should be really unique so that you will get enough interest.

[Barcode_]

If you want to attract investors to invest in your new betting concept, you might have to build up the site first to show investors how attractive is your site comparing to other gambling sites out in the market. It would be difficult to convince people to trust in you with so much funds by simply giving ideas and discussion on the forum.

[dicemond]

You should start with small amount for your goals then break it

[Caladonian]

Its really a must that you need to have a solid plan that you can provide in order to attract investors since that theres a lots of competiton around you should need some attracting fundamentals and deals that your possible partners cant resist. Maybe complete formal plan with accordance to the law insuring investors that there would be no scam that will happen.

[piloder]

Do I give out tokens?smart contracts as a share of the project/bankroll/winning-losses...?

Yes I think best option right now is to start ICO and sell out ethereum based tokens but for that you have to search for trusted escrow agent to receive all investments from ICO and you have to develop atleast beta platform  and roadmap of your project so that you can start getting interest from some serious investors. Also running bounty campaigns on this forum before you start crowdfunding could be beneficial.

[Oralmat]

If you want to attract investors to invest in your new betting concept, you might have to build up the site first to show investors how attractive is your site comparing to other gambling sites out in the market. It would be difficult to convince people to trust in you with so much funds by simply giving ideas and discussion on the forum.

Also he has a big risk, now in bitcoin world full of competition then he want to build a unique and attractive site, even investors already have a trust on most of the sites, then he need a big capital to promote his site and do something unique that investors come in his site and start to play. In the end it is luck may be he will succeed.

[mirakal]

There is a big competition but it's a big market so it's not a hindrance if your idea is unique, investors will trust their money if they see they can make a good return, besides it's a gamble but as a developers you need to do your job and deliver.

Maybe if you are really interested you should run an ICO, but make sure everything is ready when you announce, that is the trend nowadays so try it.

[avatar_kiyoshi]

Give out a token or held an ICO is useless if your project is not interesting/unique to attract people or even investors, then you should presenting to your investors your management strategy, marketing, ect.
Besides that, look around your competitors, there are pretty much out there, your mentally should be strong to survive.

[Red-Apple]

for 500BTC your only option is friends and family and those who know you in real life because nobody in his right mind would trust a random person on the internet which only has an account and is communicating through the computer!

all these sites that you see currently exist and can raise such amount easily is because they have worked hard for years and gathered a lot of trust over the years and it is clear that they are running a legit business and are here to stay not just create a fake front to gain some investment an then run away.

your other mistake is wanting to start big. even if your site were the best, it won't get enough players with big money in the start. so start small and then build on it.

[ethereumhunter]

500BTC is good option for start an ICO but you need more investor to make it bigger beside that if you want to give an offer to investor, you need to have a good plan about the ICO so this will make investor interesting with your project. if you can get many investor, i am sure that your project will be success and your ICO will be success too.

[chris200x9]

for 500BTC your only option is friends and family and those who know you in real life because nobody in his right mind would trust a random person on the internet which only has an account and is communicating through the computer!

all these sites that you see currently exist and can raise such amount easily is because they have worked hard for years and gathered a lot of trust over the years and it is clear that they are running a legit business and are here to stay not just create a fake front to gain some investment an then run away.

your other mistake is wanting to start big. even if your site were the best, it won't get enough players with big money in the start. so start small and then build on it.

To start your business yes you need to collect money from your known person. The 3rd person will not trust you because they don't know who you are and where you from. A useally known person only not accept your business deal immediately because your investment is not small it's huge money. So try to cut your investment and start with the small amount I think you will get investors. And I don't know hoe you will attract investors this is the big question.

[Oilacris]

You need a business partner who is also a crypto currency whale. You sit together and draft a business plan on how to utilize the investment funds. If you need even more funds to keep your business afloat you get another business partner. Profit.
 

This would be the best possible solution when you do seek for investors because if you knew a whale then your plans will be somehow solved already but the problem is how you convince him with your project and thats the toughest thing i guess.Raising 500 btc is somehow too big but still be achievable.

[hatshepsut93]

Hello all,

I am reading since a long time on this forum and I learned a lot about BTC and altcoins.

Because of the info I found of this forum I bought ETC, ETH and ICN long before their current heights.
Thank you.

I started to get intrested in BTC-betting/casino`s and investing in bankrolls of casinos/sites.
There are some good sites live, but honestly: most of them are copies of each other.

I am currently working on a (yes I say it myself) very nice, appealing, new concept.
We will launch with a working beta soon.

In order to get a bigger bankroll (to accept bigger bets) and apply for a gambling license we will be open for investments.
We can go the traditional way and ask friends, fools & family or even professional investors... but I also learnd on this forum that there are other possibilities.  How does it work? What are the possibilities? It 's a little confusing for me.

Idealy we would raise 500 BTC.

Do I give out tokens?smart contracts as a share of the project/bankroll/winning-losses...?



Ty!

You need to build your site first, launch it, put a starting bankroll from your own pocket - at least 30-50 BTC. Then you can add investment option - people should be able to invest and divest at any time, they will be getting some percentage of casinos profit - usually it's between 50% and 80%. It will take a lot of time to get 500 BTC bankroll, as you will be competing with casinos that have been around for years, but this is the safest way, ICO's, dapps and smart contracts are very hyped now, but it may be very hard to deliver and you will have to but a lot of time and money into additional development.