I had this idea back in 2009. I'm willing to joint venture with someone who can carry invested money.
Basically I would do all the heavy work. Create the site, do the inventory, get the games, mail them out and deal with the subscribers.
What you as an investor do is pay me a small sum of start up money through paypal.
What I estimate I need in cash flow is
The web-domain
Web hosting
Web advertising
Support cash while I work on getting the site set up
This would sum up to 4 figures of start up money. And I calculated at the bone minimal.
I want 51% straight up of stake in the company. I can work with multiple investors but the remaining stakes will be split between investors depending how much cash investment they put in.
I believe that once I receive enough of first round investment it will take me roughly 31 days to get the site up and begin receiving subscribers.
Subscribers would pay $9.95 a month where they would be able to rent retro & new video games that will be delivered to them via mail to their homes in which if they want to rent a new game they will have to mail the one they have back or buy it for a fee. Nearly the same concept that gamefly does to their customers but I can provide a cheaper price since I would be dealing with a much lower overhead making me able to compete with the big boy.
Private message me on the forum. I don't do skype, only email and the occasional phone call. I'm From Las Vegas NV USA.
Who am I? I had the original idea of what uber is today back 2003 in which I called Mojo Cabs. The concept was so new people didn't understand what the business was, there for I had a hard time finding drivers and investors. I had to end the venture. Travis Kalanick, Garrett Camp started Uber 6 years later
As for collateral. If the investment is not paid back within 3 months of receiving it. I'll hand you over the business.
One, this business isnt even running and youre already calling that you want 51%? In the real world, most investors wouldnt mind taking more than 50% for their risk in an business that isnt even up and going. Where is your investment into it? What risk are you taking? What valid collateral are you providing that is 120% of what youre seeking? If you default on a loan, handing over a business that isnt operational, nor have any revenue isnt valid collateral. Heck, a startup isnt valid collateral here because you cant easily sale it and on top of that have so many holes to go through. So handing over a business tells me you dont have any intent on paying anything back. Like TheUltraElite said, you can get a loan from a bank, and with something that low, why not just pawn something? Cant pay it back within 3 months you can let them keep whatever you pawned. Also, why dont you have income yourself? How can you continue to fund the business and expand if you dont have income yourself to invest in it? Furthermore, why come here? Why not go to a angel investor or venture capitalist and get an investment or a venture debt? Of course they wont accept bs and want to see real progress.
