Ridiculous valuation. For that reason, I am out...
Ridiculous valuation. Care to elaborate further?
We have put 80 000 dollars as bare minimum goal that will still enable us to carry out the neccessities and major parts of the business plan.
I am not sure if you are familiar with extensive software coding like this project, but it ain't cheap. Then the day to day operations of the site for at least 3 months, then add design and lastly marketing and you should have no problem seeing why 80 000 dollars is a realistic minimum. We obviously do want to raise more like ~200 000 dollars as this would allow us to do everything we want in the business plan and give us a really good start, but like I said 80 000 dollars is minimum. If that number is reached then each shareholder gets several fold more shares than they invested at. I think this is one of the points that has gone by people and we accept our mistake in not highlighting this issue clearly.