ruru
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Activity: 139
Merit: 100
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July 20, 2014, 09:09:29 AM |
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You are asking for 700 BTC for 40% of the company which means you're valuing your company at BTC 1,750.00 or approximately $1,100,00.00 at today's prices. It's time to ask some preliminary questions.
What are your revenue and profit projections?
How do you justify your valuation?
How much money are you putting into venture yourself?
How would you mitigate risk if bitcoin price appreciates significantly in value? ie, $2000.00/ BTC in the near future. Surely, this would negatively affect the wagered amount, yes?
How would you deal with NYC's proposed regulatory framework and Canada's bitcoin law requiring foreign business to register with FINTRAC?
Do you really need to hire so many people? By your list there's about 10 people you're planning to hire. You mentioned "executives" what does it mean? Just-Dice.com was exceedingly successful in it's lifetime and was run by 1 person. How would your game compare against Just-Dice's?
Last hint is.. unless your site is so groundbreaking that people are gonna want to copy them, ie. Satoshi Dice and Just-Dice, you might as well tell us the plan right now. Ideas are dime a dozen; execution is what matters.
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