Re: [Dotsforbits]IPO->Cryptocurrency domain marketplace.BTC/NXT/LTC/NMC/PPC/DRK/Doge
Thank you for your reply.
$250k funding still is a lot of investor risk for 25% equity in a non-operational business.
Domain businesses can be scaled up quickly.
Build the core business, then ask for seed funding would be my opinion when you have actual data and figures to back up your projections.
IF you were asking a reasonable amount of money to apply to become an official registrar and wanted to be the first crypto registrar then I'd be interested since I believe that is something lacking at the minute, however, your advantage in the market cannot only be based on being involved in the crypto community and being first-movers. That's not good enough in my opinion.
$250k funding still is a lot of investor risk for 25% equity in a non-operational business.
Domain businesses can be scaled up quickly.
Build the core business, then ask for seed funding would be my opinion when you have actual data and figures to back up your projections.
IF you were asking a reasonable amount of money to apply to become an official registrar and wanted to be the first crypto registrar then I'd be interested since I believe that is something lacking at the minute, however, your advantage in the market cannot only be based on being involved in the crypto community and being first-movers. That's not good enough in my opinion.
Thanks, I forgot to mention one more crucial point:
These shares will be 100% tradable on the NXT DEX, so if any investor for some reason wants out, he can trade them there. So a significant portion of the risk is lowered by having that option too.
We are working hard on building the core business and have come a long way and decided to seek funding now to complete and make this a reality as soon as possible. But I respect your personal opinion.
We are going to apply to become a official registrar as soon as we start turning a nice profit. If this includes selling more shares, then so be it. We mention this in our business plan too. So we *do* plan on going all the way, but we have to take it in incremental steps. Gaping over too much at once is even more risk!
Hopefully you'll be a customer of ours in the future and the domain and crypto world keeps growing, which will be in both our interests