30BTC New Business

[marko9812]

I am looking to raise 30BTC for a new cloud mining business. Please refer to this post for the specifics into the venture https://bitcointalk.org/index.php?topic=411888.msg4462413#msg4462413

The funds will be used to hire key employees that are needed for the first 3 phases of development
Funds are needed to get to the point where we have preorders coming in and from that point on the capital needed for expansion will be funded through customers.

Timeline

Timeframe: 2 Months (to have a ready website and pre-orders coming in)
Phase 1: Website Development
Phase 2: Marketing plan
Phase 3: Pre-orders
Phase 4: Locate facility according to the amount of pre-orders obtained
Phase 5: Setup of equipment and officially mining
Phase 6: Expansion


The BTC will be placed in the escrow of choice by the investors and requests to be drawn upon will be sent for approval as needed. There is the ability to invest in a fraction of the company with the following calculation [  (btc invested/30) * 10% ] meaning a 15 btc investment would result in 5% ownership of the company. The company earns bitcoins rather than dollars so it is at the discretion of the pool to cash out the btc for dollars everyday or to remain in btc. Funds will not be withdrawn from shareholders until at least 6 months of operations at which point we an start distributing dividends that allow us to continue expansion as well as cash flows.

Risks
Bitcoin could go belly up during the development phase at which point the amount of money lost will be equal to what was already spent in development at that time.
Bitcoin could go belly up after we already have a facility and customers: At that point we would be stuck with the disposal of the equipment as well as the overhead for that month.


This is a very brief explanation of the business and timeframe so please ask any questions or voice any concerns you have regarding this venture.

[Vod]

meaning a 15 btc investment would result in 5% ownership of the company

Ah, so you are valuing your brand new company at $300,000?   

[marko9812]

meaning a 15 btc investment would result in 5% ownership of the company

Ah, so you are valuing your brand new company at $300,000?   

Correct

[Vod]

I will offer the exact same deal, but give everyone 10% ownership for a 20btc investment.

Mine is a better deal, for I am only valuing my brand new worthless company for $200,000.

 

[spartan82]

I will offer the exact same deal, but give everyone 10% ownership for a 20btc investment.

Mine is a better deal, for I am only valuing my brand new worthless company for $200,000.

 

Ill see your 10% and raise it to 15% :p
Any takers??

[mpattison]

So let me get this straight.

Your company, which is currently "nothing".  No employees, no product, no nothing, just a thought in your head that is not even innovative in the slightest... is worth $300,000.

Just want to confirm that.

[Vod]

So let me get this straight.

Your company, which is currently "nothing".  No employees, no product, no nothing, just a thought in your head that is not even innovative in the slightest... is worth $300,000.

Just want to confirm that.

Basically, the OP wants to own a majority share of the company, without investing any time or money himself.

Everyone else who invests is just a sucker.   

[mpattison]

Sounds like a good deal!!!!
Where do I sign?!
 

[padrino]

So let me get this straight.

Your company, which is currently "nothing".  No employees, no product, no nothing, just a thought in your head that is not even innovative in the slightest... is worth $300,000.

Just want to confirm that.

I expect you've never worked in high risk investments or the VC space.. I'm not saying by any means this specific OPs plan doesn't have significant issues, gaps, or any realistic chance. In the market those with the money demand a majority stake unless you are working a true crowd funding venture in which case it generally needs to be more mature.

In any case many future companies which are no more than an idea will definitely pull funding like that, it doesn't necessarily need to be innovate either, perhaps positioned better.. It's one mechanism people use to get off the ground when they themselves do not have the capital.