Venture over.

[retrend]

Lol @ a music festival or chain of them being worth $250,000,000.  It's a completely flooded market and very competitive in Europe at least, so the idea you can create a quarter of a billion brand overnight is ludicrous.

If it's such a great idea look on a crowdfunding site for a million dollars. 

[Drew Horne]

We don't plan on overnight, we plan on 5 years.
It may sound silly when you know nothing about the industry, but the fact is that there are a couple of companies out there who are hell bent on acquiring every EDM brand they can for the purpose of uniting a hard to reach demographic (digitally plugged in 18-34 year olds with disposable income) and have already purchased many brands in the past year or two for 10-100 million.
So with out unique approach to build the perfect brand to cater to their goals, it is more than possible that we will be able to sell the brand ultimately for $250M.

If you don't know anything about this industry I will be more than happy to fill you in, but please don't senselessly bash my ideas without having a clue what our plan is. I assure you that this isn't just wishful thinking.

[augustocroppo]

Dank 2.0?

 

[JoTheKhan]

Digitally Plugged in 18-34 year olds are not a "hard to reach" demographic. Hell, 9 times out of 10 a product or service is marketed towards 18-34 year olds or teenagers because they either have the disposable income and the single lifestyle (less responsibility) to splurge on products and services or they have parents who will get them what they want.

[sporket]

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

Subject: "Looking for investment of ~2500 BTC for music festival, return = ~150,000"

Sure bitcoin price matters, since OP is "investing" bitcoin into fiat, and then converting fiat profits (sorry if you just sprayed your keyboard with coffee) into bitcoin.  If, at the time of repayment (moar lulz, sorry) bitcoin price has doubled, OP would need double the fiat to cover it.

I'm amazed that you read OP's business proposal, concluded that it is sound, and missed this glaring blunder.

.. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently)...

NeoBee was a bag of dicks.  This is a cheaper bag of dicks, but the dicks it contains are just as suckulent and tasty.
Do.not.want.

[Oztwinpeaks]

As someone who has close friends with people in the music festival business in Australia and NZ, I can certainly attest to it being an extremely hard market to make the type of gains that you are talking about. There are a huge amount of insurance and compliance costs that the operator is responsible for and that carries enormous risk. The business model isn't a great one, because it involves a large capital outlay of costs upfront (contractors tend to be reluctant on taking 100% risk with music events and will ask for deposits in advance), and profit is dependent on a number of factors many of which stand outside just successful marketing or high quality acts.
My friends do it for love of music- because making big money in that industry is extremely hard. I wish you well, but I would bet on the return that you are talking about being far more likely simply by holding BTC than investing in this equity.

[thehun]

Will this project make twice as much us dollars if the price of bitcoin doubles? Because that's what you'll need to do if the statement in your title is correct.

With this kind of ventures you have to forget about Bitcoin valuation as it is just an investment vehicle. It is a business thought for the fiat world and returns will be in fiat (maybe converted to BTC at the time of payment). You have to decide if you would rather hold the BTC expecting a higher return than the investment in the proposed timeframe.

Subject: "Looking for investment of ~2500 BTC for music festival, return = ~150,000"

Sure bitcoin price matters, since OP is "investing" bitcoin into fiat, and then converting fiat profits (sorry if you just sprayed your keyboard with coffee) into bitcoin.  If, at the time of repayment (moar lulz, sorry) bitcoin price has doubled, OP would need double the fiat to cover it.

I'm amazed that you read OP's business proposal, concluded that it is sound, and missed this glaring blunder.

.. If I compare this to the projects some people have been throwing tons of cash into lately which hardly had any business plan at all or they lacked basic financials (like NEO-BEE recently)...

NeoBee was a bag of dicks.  This is a cheaper bag of dicks, but the dicks it contains are just as suckulent and tasty.
Do.not.want.

Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business.

This said, I'm not trying to promote anything here. Drew asked me to have a look at his plan and to give my opinion and I did just that. I'm not going to invest myself as I don't have that amount of idle cash and anyone considering to do so would be a fool if he didn't review the plan him/herself before making a decision. I'm sure there are risks involved as in any business but there are also cases of success.

In brief: do your own research instead of bashing someone without looking at what he has to offer

[sporket]

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject?  OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this?  What else would you like me to ignore?  What fresh kind of craziness is this?

[lobbes]

...
If I were willing to publicly broadcast my business plan, that's when you should be skeptical because doing the same thing as everyone else right now is not how you are going to be successful enough to promise such a ludicrous return.
...

Even the OP admits he's promising a ludicrous return 

I like the idea of a music festival powered in-part by Bitcoin.. but you have to expect skepticism when you claim things like that, especially here.

[Drew Horne]

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject?  OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this?  What else would you like me to ignore?  What fresh kind of craziness is this?

You're right, the title of the thread was and is inaccurate. I will change it to be more suitably reflective of the idea.

[jimmothy]

...
Forget about the subject (I agree it's a bit misleading). The business plan is calculated in $ and BTC isn't mentioned anywhere. Bitcoin would be no more than an investment vehicle for a fiat-world business...

Forget about the subject?  OP promises to "return = ~150,000" for an investment of "~2500 BTC," and I should ignore this?  What else would you like me to ignore?  What fresh kind of craziness is this?

You're right, the title of the thread was and is inaccurate. I will change it to be more suitably reflective of the idea.

This is why nobody will take this seriously.

Please stop with the rediculous estimations.

A more accurate title would be: Looking to spend your 1000btc on a likely unprofitable business.

[Drew Horne]

I'm glad that you guys have simple enough lives to take time out of your days purely to bash a plan that you know nothing about. The Internet is a great place for people like you to relieve pent-up angst.

I'm looking for an investor who knows enough about the industry to realize that this is the prime moment to break the mold, as large corporations are acquiring festival brands left and right for 100 million dollars. Our plan is centered around creating the optimum brand for selling based on the buyers strategic goals.

I am not looking to bandy words with people such as yourselves who seem to be only seeking conflict. Go do something constructive.
If you aren't interested or have something constructive to say, kindly carry on. I will continue to look for the curious, outside the box thinker that I know is here somewhere, then I'll go over my business plan with them and go forward from there.

Fortunes aren't made by shooting down ideas before you have a clue what they are. They're made by considering the potential of things and getting in early. (Cough bitcoin)
I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

[NotLambchop]

Sorry OP, I didn't realize you were serious.  Let me put you in touch with another captain of industry, a financial tycoon starting a bank.
Here:  https://bitcointalk.org/index.php?topic=579138.0

I'm sure he's a capable financier, and both of you are unmatched entertainers.  Do't let the haters get you down!

[Oztwinpeaks]

I'm glad that you guys have simple enough lives to take time out of your days purely to bash a plan that you know nothing about. The Internet is a great place for people like you to relieve pent-up angst.

I'm looking for an investor who knows enough about the industry to realize that this is the prime moment to break the mold, as large corporations are acquiring festival brands left and right for 100 million dollars. Our plan is centered around creating the optimum brand for selling based on the buyers strategic goals.

I am not looking to bandy words with people such as yourselves who seem to be only seeking conflict. Go do something constructive.
If you aren't interested or have something constructive to say, kindly carry on. I will continue to look for the curious, outside the box thinker that I know is here somewhere, then I'll go over my business plan with them and go forward from there.

Fortunes aren't made by shooting down ideas before you have a clue what they are. They're made by considering the potential of things and getting in early. (Cough bitcoin)
I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

Life is also about contributing a community- which is exactly what members of this board are doing. You are asking people to put a large investment into something on a securities board on a forum- so I don't know what you expected- rose petals thrown into the air? If people point out flaws in your investment proposal then it's up to you to argue otherwise.

[minerpart]

I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

There are about 3 or 4 regular Trolls on here and they are very active.

The main Troll sponsor and poster is Mirceau Popescu - he runs a bitcoin exchange called MPEx. Anything and everything that could draw coin away from his site is Trolled. It doesn't matter how valid the proposition or company, he and his goons will Troll it.
Without them here you could have a sensible debate and present your case but it turns to delinquency when they are around and before you know it your thread is a joke.

If you are passionate about this you could try again with a self-moderated thread and monitor and delete Troll posts. It will work eventually.
Personally I don't see why you need to raise BTC - this to me seems to be a FIAT business. Sure there could be a community here willing to back a music festival but you need a fairly self-modded thread to build trust and have a discussion.

People on here are grown adults and despite what the Trolls claim to be acting for (to warn people off scams) the guys on here are old enough to make their own decisions after having and reading the debate. Ofcourse the Trolls are not here to protect anyone apart from themselves and their failing MPEx. With a CEO about to be arrested and extradited who could blame users of MPEx from jumping ship.

[sporket]

...
The main Troll sponsor and poster is Mirceau Popescu - he runs a bitcoin exchange called MPEx.
...

...
I ask because [NeoBee] Danny could have been a plant from the British Intelligence community or banking industry who was tasked with destroying the public perception of Bitcoin as a safe or reliable place for their savings.
...

No paranoid delusions here. Nope

[NotoriousBIT]

Sorry OP, I didn't realize you were serious.  Let me put you in touch with another captain of industry, a financial tycoon starting a bank.
Here:  https://bitcointalk.org/index.php?topic=579138.0

I'm sure he's a capable financier, and both of you are unmatched entertainers.  Do't let the haters get you down!

Congratulations.  After reading probably hundreds of your posts, you finally made me laugh.

[Swordsoffreedom]

Sorry OP, I didn't realize you were serious.  Let me put you in touch with another captain of industry, a financial tycoon starting a bank.
Here:  https://bitcointalk.org/index.php?topic=579138.0

I'm sure he's a capable financier, and both of you are unmatched entertainers.  Do't let the haters get you down!

Congratulations.  After reading probably hundreds of your posts, you finally made me laugh.

Sometimes it does take a while to find something that makes you laugh this one was cute

[Drew Horne]

I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

There are about 3 or 4 regular Trolls on here and they are very active.

The main Troll sponsor and poster is Mirceau Popescu - he runs a bitcoin exchange called MPEx. Anything and everything that could draw coin away from his site is Trolled. It doesn't matter how valid the proposition or company, he and his goons will Troll it.
Without them here you could have a sensible debate and present your case but it turns to delinquency when they are around and before you know it your thread is a joke.

If you are passionate about this you could try again with a self-moderated thread and monitor and delete Troll posts. It will work eventually.
Personally I don't see why you need to raise BTC - this to me seems to be a FIAT business. Sure there could be a community here willing to back a music festival but you need a fairly self-modded thread to build trust and have a discussion.

People on here are grown adults and despite what the Trolls claim to be acting for (to warn people off scams) the guys on here are old enough to make their own decisions after having and reading the debate. Ofcourse the Trolls are not here to protect anyone apart from themselves and their failing MPEx. With a CEO about to be arrested and extradited who could blame users of MPEx from jumping ship.

great idea, thanks!
i'll get on that soon
i have had a bit of constructive input from a few sr members via private message, ill implement all of it in my second approach and self mod to delete these mindless ignorant posts

thanks!

[lobbes]

I thought people would be more open minded here given the mindset behind being an early adopter, apparently it's just as full of trolls as the rest of the Internet.

There are about 3 or 4 regular Trolls on here and they are very active.

The main Troll sponsor and poster is Mirceau Popescu - he runs a bitcoin exchange called MPEx. Anything and everything that could draw coin away from his site is Trolled. It doesn't matter how valid the proposition or company, he and his goons will Troll it.
Without them here you could have a sensible debate and present your case but it turns to delinquency when they are around and before you know it your thread is a joke.

If you are passionate about this you could try again with a self-moderated thread and monitor and delete Troll posts. It will work eventually.

...

great idea, thanks!
i'll get on that soon
i have had a bit of constructive input from a few sr members via private message, ill implement all of it in my second approach and self mod to delete these mindless ignorant posts

thanks!

There are Professional Trolls in these parts, sure, but part of vetting a business is trying to poke as many holes in the plan as possible. This will still happen in a moderated setting, albeit with less chaos.