my name is Alex B. and i'm authorized by my partners to represent "Rugatu Q&A"
publicly. I'm a regular guy always looking for new things and projects to keep me busy, while i look for a real job. I live in Madrid, one of the most resourceful cities in Spain if you look for talented people or "fiesta" at night. You can check out my my openid
page to know more about myself, or even contact me with any questions you may have. Enough about me, let's get back on topic.
"Rugatu Q&A" is a private venture between three individuals, me being one of them, who joined forces to create a useful bitcoin service that people like and use every day. After having a spectacular launch
on Friday (9th June), we are confident enough to say we did the right thing going forward with this project, even if we had some issues regarding it's feasibility. A while back we tried to look for funding
on glbse, but without much success, so we still have our venture listed there after having the needed funds provided and the service launched. I think now is the right time to address some issues raised by community members regarding the lack of information on this project.
As you already know, or let me explain if you don't, Rugatu is a q&a (questions&answers) community that supports bitcoin rewards
on every question. This changes a little the dynamic on how things work. By having something of value attached to a question
(request), members of the community tend to be more responsive and eager to cooperate, when comparing with a to regular q&a community.
Thanks to bitcoin, a new way of exchanging information on the internet is created. The platform works like an "escrow"
service between it's users, so that everyone can be sure that promised rewards get paid. The phrase, "Put your money where your mouth is."
would be the base concept of this project.
And now, to address some points raised by RaggedMonk in one of our forum threads.
I'm interested in investing in your company, but am a bit hesitant about the lack of information. Here are some questions I have:
- Who are you? How many people are on your team? What are their qualifications?
Thanks for your interest, we're starting to do some PR right now and address all the issues we may have left out. My name is Alex B. and i'm currently the Project Manager of Rugatu Q&A. We currently have three people in our team, including myself, that manage to keep everything working nice, even though sometimes we miss having some extra help on our tasks. We're all qualified managing and maintaining online services into operation with our current knowledge and expertise. At this moment I'm not able to provide any identity information about my other two partners because I respect their opinion not sharing it. Wouldn't want to rush them do it, but this will surely change in the future.
- Do the 10,000 shares constitute 100% of the company? How many shares does the team plan on retaining?
The 10,000 represent exactly 10% of this venture. We plan selling more shares in the futures if we need to expand, up to a maximum 49% limit.
- What are your plans to grow and/or advertise Rugatu?
Our present timeline comprises fixing unnoticed bugs, implementing requested features and keeping up with user support. Future plans include service translation in every major language and increased functionality based on user feedback. We have original ideas to advertise this service and target specific demographics, or even create merchandising material for a broader audience but we lack the resources to do that properly, so we're currently only taking advantage of social networks and bitcoin based advertisers.
- What is your development roadmap? If you make $1000 profit tomorrow, how will you spend it, or will you pay out dividends with it? What about $5000?
I explained our current and future plans in the previous question. Regarding the funds spending, we consulted over this issue and we all agree on reinvesting 75% into service promotion, infrastructure and required personnel to keep the service running smoothly, other 20% would be used for paying out dividends to shareholders and the remaining 5% would be used for our personal expenditures.
- Which of the asks on GLBSE are the IPO (yours)? the two 100s, the 887, and the 50?
The two 100s and the 50. The 887 one could be pertaining to someone who managed to acquire 1000 shares with 1 bitcoin, after one of us was "testing" the glbse platform the wrong way. We know we can't get our shares back now.
Thanks for your time. It's great to see a truly innovative service on GLBSE like this.
You welcome and thanks for your interest to invest in our venture.