Post
Topic
Board Securities
Re: Bitcoin-Powered eSports Startup Seeking Seed Funding
by
selene72
on 08/07/2015, 17:48:32 UTC
Okay so...
I like your concept and so I feel obliged to help you out (with a very short advice) a little since it seems this is your first project. I work with start ups IRL.
You are asking for 0,01 a share, that means your market capitalization is 1.000 BTC that is 270 200 USD.


Well right now this represents 3 pages of Word text, 4 people and a twitter account with 18 followers. Any idea by itself has 0 value. What matters is execution.
Your market cap. might be close to 1.000 BTC when your yearly sales (not net profit) are at least around 80k a year, you have a steady influx of new customers (players) and find yourself beyond reaching the critical mass.
Right now I (and any sane person) would not pay 100USD for 50% of your company. I wouldnt even pay 100USD for 99%.

In this phase, there is absolutely no need for any capital for you. First get the site running (from what I understand some of you are developers), do alpha testing. Try to expand a little, if things go well the investors have something to catch and you might actually have a use for the funds.

Your offer right now is seriously beyond ridiculous

gl