I am not asking for Loan. I am asking for a investors with a share in profit. So, collateral doesn't make sense.
I have pasted every info here. What is left for PM is the app name which I think should only be told to Interested person and equity terms & conditions.
I am ready to do paperwork for equity share in my app.
Yes, I agree, I should go to angel investor & venture capitalist but getting the meeting is really tough if you don't have contacts.
Hence, decided to post here and see if someone is interested.
Investing in the expectation of a ROI is akin to loaning you money. The share in profit equates to the interest. And oh yes, collateral does make sense, given you are not exactly someone with an established record of integrity and credibility here. If it doesn't make sense, I suggest you disprove me by doing this: go to any bank and invite them to invest in your app. If they ask for collateral, tell them it doesn't make sense and that you won't provide them with one. If they decide to invest because they agree that "it doesn't make sense" to secure the investment with collateral, give me proof of that and I will invest without requiring collateral too.
Tip: you should be more transparent. Nowhere in your post is any amount mentioned. One can only guess if you need $10 or 10 BTC.
Bank don't invest in business, they provide loans, that's why they ask for collateral. Investing and provide loans are two different terms with a very thin line in between them. Investment can go wrong and get losses. One has to bear losses. On the other hand, loan always has an upper hand and the amount he might lose is really slim as he can sell the collateral to get this money back. I hope you are getting my point.
Thats why people choose investors or you can call it as partners in business. whereas loans doesn't do that.
Investment = return on investment is not fixed. you can either get 1% or 200% or 200% profit or may lose all.
Loan = you get fixed return on investment.
That's what I can explain.
As for the amount I haven't mentioned because I was looking for investors and not loan providers. So, amount any one is interested in is welcomed and the equity share will be discussed and finalized as per the investment amount. I hope now you understand why i haven't stated the amount in the first place.
I agree I am not reputed as of now but that's why I am ready to do legal paperwork for the same.