This venture seems to suffer from a lack of detail.  I'll try to list just a few items that I've thought up, though I'm certain there are many more.  The lack of a business plan and the shifting approach to investment (and your IPO terms) raise red flags of concern that you might not be well prepared for this project.

You monetary needs have changed and expanded, but you haven't provided a very detailed projection for your expenses.  You provided a list of things which could be expenses, but you didn't go into any detail on them.  How much do you expect to spend on each category?   What are the initial overhead and projected monthly expenses?  Once the overhead is paid, what are the ongoing expenses on a per-model basis?  What is the projected income?  How were these figures arrived at?   How many months of operation will these funds provide with no income if your targets are reached?  

You mention building your own site, but you haven't provided any details about it.  Is this a pay-for-membership site, or a token based tip and pay-per-view model?  You mention that you have 'experience in web design', but this is very vague.  'Web design' typically speaks to one specific part of a whole stack of systems.  Is this web design experience with building a user interface, or with actual web application development?  Does the experience include server management?  What technologies have you used in the past?  What specific past accomplishments can you point to which lend credibility to your experience and ability for this undertaking?  

You mention experience in the 'security sector', but again, this is very vague as security encompasses many domains and you did not provide specifics.  Was this security experience in software development (which software), access control, network, disaster recovery, compliance/auditing, physical, etc?  Specifically what experience do you have with security in regards to bitcoin, application development, and systems management?

What are the regulatory challenges to operating such a site in your jurisdiction?  For example, laws regarding the appropriate age of models and the recordkeeping to prove this, STD testing, 'safe sex practices' (eg, required condom usage in filmmaking), etc.

Tell us about your site's competitors;  what don't they understand about the industry that you do?  How will you improve upon their business model?   Since such a site suffers from the 'cold start' problem, where it won't be attractive to users until it already has a lot of users, tell us how you plan to solve this.  


I'm trying to understand how you will convince models to stay with you for any longevity.  

Let's take MFC as an example, as you list it as one of the sites you will broadcast on and it is generally better for its models than the other sites.  On MFC, the payout is $0.05 per token, on average 61% of the amount that the money they collect on token packages.  The 70% of that which you will pay drops the payment rate down to 42.7% of what the people watching the models are paying for their time.  It's very inefficient.

The draw to these sites for models is that they don't require a lot of setup.  It can be done anywhere..  in their bedrooms or living room.  Even a cheap webcam's broadcast quality is limited more by bandwidth than the webcam itself.  

I can see you maybe locating and introducing new models to the industry who aren't aware that they're giving up a significant portion of their income.  After a few weeks, though, they'll be very familiar with how the process works.  With the models that you do convince to try out this industry, what is going to prevent them from signing up under their own accounts and possibly taking away part of your audience?  Audience loyalty in such an industry is to the models themselves and not to the studios that employ them.

I have some concerns regarding the valuation here.  The terms aren't clear.  You're selling 250,000 now at 0.0001 for 25 BTC and will be selling 250,000 later at 0.001 for 250 BTC.  Is that correct?  What percentage of the company does this represent?  What are the total number of shares and how many shares do you own?  

Can you clarify exactly how you get paid in this?  Are you collecting dividends on the remaining shares or paying out a management fee as part of the 15% 'for costs related to running the business'?  If it is a fee, how much is it?