Quote from: PeterChang on February 24, 2013, 07:00:47 AM

Thanks! My friends and I run a design studio in Minneapolis, MN. We're taking payments via BitPay, the shopping cart script doesn't have a denotation for Bitcoins, so a dollar amount is initially listed. When you pay it will be to be in Bitcoins. If you don't believe me, try adding the Share into the cart type in some bogus info, it'll at some point ask you for Bitcoins. BitPay was sent up so that I can also collect the email addresses and run the inventory of the remaining shares.

Once we hit a total of 100 Shares sold, we'll place an order with BFL and then start mining for a month. At the end-of-the-month totals are calculated then split into 100. Each owner of the share is contacted to ask for the wallet address and Bitcoin payments are sent out. Permanent wallets will work out the best. We'll do this for 2 years

During the 2 years we'll also post the monthly payout totals, stats of the MiniRig, pools that we have mined on, take votes when we hit crucial decisions regarding the MiniRig, etc...

Ah, ok. I'm not trying to be rude / harsh or anything, but there are a bunch of little problems here (and in no particular order of importance):

1) There are already many other funds out there already doing this. Why choose you?
2) What happens if you only sell 10 shares? Detailed contingency plans go a long way..
3) Why are the shares $450 a piece and not $300? If you sold all 100 shares, what do you plan on doing with the extra $15,000?
4) Can we trade shares or are we locked in for 2 years? Most Bitcoiners tend to have a short attention span..they'll buy into hype and then lose interest a week later and wish to sell out. Liquidity is a big factor.
5) Are you a believer in transparency? If so, full disclosure of all company documents would probably be a good idea (business plan, financials, future network / profitability predictions, etc).

and finally

6) How profitable do you actually think you'll be? This sort of ties together the questions above.

This last one I ask because I'm getting the feeling you haven't quite done extensive research on where you think the network is going. I'm not saying you won't be profitable..the probability of breaking even and making a return on any ASIC device over the course of 2 years is pretty high..but rather how profitable. You're ability to explain this helps to show that a) you understand you won't get your mining device for many months, b) and at the time the difficulty will be "xx" because c) you took into account all existing preorders from all companies, on top of a presumed network growth rate...leading to d) predicted monthly dividend payments and a timeframe for when investors can see a return on their investment.

So far all I've gathered from this thread is:
"Hi, I want $45,000 (spread over 100 shares) to purchase a $30,000 Butterfly Labs Mini-Rig...once I'm mining with it I'll pay dividends every month for two years"

In short, that's not going to cut it. There is almost no benefit to the investor..especially when they have a number of other funds to choose from...funds that pay monthly dividends (regardless of mining or not) and will be getting their equipment much sooner than yours. Wink

Disclaimer: Not vouching for my own fund..just pointing out there are a number of other people out there that are working on the same thing.