who's in ? .... request for new investor
- Thread starter mainliner
- Start date
- Status
iv been getting parts today for the prototype and im going to my uncles old engineering company to get it done tommorow morning 
we will start testing sometime in the next 2weeks roughly,
just thought id let those who are carefully watching in the background know
NDA
we will start testing sometime in the next 2weeks roughly,
just thought id let those who are carefully watching in the background know
NDA
Unclebaldrick
Well-Known Member
You are delusional. I love you for that.iv been getting parts today for the prototype and im going to my uncles old engineering company to get it done tommorow morning
we will start testing sometime in the next 2weeks roughly,
just thought id let those who are carefully watching in the background know
NDA
please explain why good sir
Unclebaldrick
Well-Known Member
No, you are right. You are not delusional. My mistake. Carry on.please explain why good sir
Lol
abe supercro
Well-Known Member
'there is a great deal of power in pretending'
Believe your business idea is real tho main, sure why not, ok all right.. Do it!
Believe your business idea is real tho main, sure why not, ok all right.. Do it!
Unclebaldrick
Well-Known Member
Yeah, send me an NDA.when were ready
i know u two are in pm's with rowan ....... Just saying
Unclebaldrick
Well-Known Member
Bump.
Seriously, with your likeability and knack for self promotion, this product will fly off the self. Hell, I'm in. Send me that NDA.
Seriously, with your likeability and knack for self promotion, this product will fly off the self. Hell, I'm in. Send me that NDA.
Harrekin
Well-Known Member
Whats the general ROI period?
it depends how many we sell or get made and how we get to market, we was thinking of 1000 units first and me and growan driving around the hydro shops etc drumming up orders and then we see from there.
we have a % on offer but haven't discussed it yet as we're just starting the testing etc.
it's a great idea and dead simple are you interested?
edit:the parts are cheap , i wont go into detail but i got a qoute for a part and if i remember it was $1.50 each per/1000 but this was my first qoute so we thought we would leave it to the investor to sort the cheapest parts out as they will be buying them and not us.
we play it by ear but professional.
we play it by ear but professional.
UncleBuck
Well-Known Member
wanna buy some weed?
UncleBuck
Well-Known Member
it's a device for air layering (cloning the branch while still on the plant).
sorry growan.
@mainliner FUCK YOU
close but no cigar lol
funny that i know a story of the origin of " close but no cigar" it started out as a bar game , a small machine with dice in a dome and the costumers would pay 5cent to press the dome and the dice would bounce around and you would win a cigar if you got a certain number if you lost you got no cigar hense " close but no cigar"
see
theexpress
Well-Known Member
I'll sell 4 zips of yay for 5k right now... Fish grease
panhead
Well-Known Member
Mainliner .
I hate to shit on anybodys dreams but this is not how you attract venture capitalists ,not by a long shot .
1st you make several prototypes , discover which version works best & is cheapest to produce , then you file for a patent & pay all associated fee's .
Next you find a manufacturer willing to retool for a 5 to 10,000 piece order , not easy & hugely expensive .
Next you secure a purchase agreement with the manufacturer specifying costs per item vs manufacturing run numbers .
Then you order & pay for 5 to 10,000 units & hit the bricks knocking on doors , trade shows , businesses that may sell your product , if your lucky a few businesses will order a few & pay up front or take the product on consignment.
After you discover the market share for your product & have hard nailed numbers then you ask for a venture capatalist to bankroll your product , or you approach competitors & try & work out a deal , or offer your proven patent to them for sale .
I invested into a Tattoo Parlor where the artist allready had a huge loyal customer base to bring with him & provided hard numbers for me to see , not just an idea but proven sales volumes & i had controlling interest until my investment was repaid , we still own 15% of that business & are talking now about selling our remaining interests at my price .
I invested in a self storage facility where the owner showed us 12 yrs of provable income before he got a dime , within 2 yrs we opened a 2nd location based on local need , with the 2nd locations build costs i took controlling interest , then bought my partner out , we still own both locations .
I put a staggering amount of $ into a co-op for a controlling interest but not before getting all our ducks in a row with liscensing & zoning as well as approval from city council , i forced a buy out of my shares in less than 3 yrs at huge markup of the true value or i would close the doors , the other investors had no choice but to pay my price & i squeezed em like lemmons, i shot a move on them for cooking the books trying to fuk me & it cost them dearly , ruthless ? yes but thats business .
Are you seeing a pettern here , i invest in sure things , then depending on profits gain controlling interest with future take over & buy out in mind .
My whole point is this , either put in the legwork & cash to prove your products market share , then approach investors with your proven patent , or show your idea to the world with a non binding NDA & risk somebody like me taking your idea , making a few changes then applying for patent on your idea & forcing you out with very little .
If you really want this product to work plan on getting all patents before you show the product or ask for investors , that is your minimum cost before proceeding .
I hate to shit on anybodys dreams but this is not how you attract venture capitalists ,not by a long shot .
1st you make several prototypes , discover which version works best & is cheapest to produce , then you file for a patent & pay all associated fee's .
Next you find a manufacturer willing to retool for a 5 to 10,000 piece order , not easy & hugely expensive .
Next you secure a purchase agreement with the manufacturer specifying costs per item vs manufacturing run numbers .
Then you order & pay for 5 to 10,000 units & hit the bricks knocking on doors , trade shows , businesses that may sell your product , if your lucky a few businesses will order a few & pay up front or take the product on consignment.
After you discover the market share for your product & have hard nailed numbers then you ask for a venture capatalist to bankroll your product , or you approach competitors & try & work out a deal , or offer your proven patent to them for sale .
I invested into a Tattoo Parlor where the artist allready had a huge loyal customer base to bring with him & provided hard numbers for me to see , not just an idea but proven sales volumes & i had controlling interest until my investment was repaid , we still own 15% of that business & are talking now about selling our remaining interests at my price .
I invested in a self storage facility where the owner showed us 12 yrs of provable income before he got a dime , within 2 yrs we opened a 2nd location based on local need , with the 2nd locations build costs i took controlling interest , then bought my partner out , we still own both locations .
I put a staggering amount of $ into a co-op for a controlling interest but not before getting all our ducks in a row with liscensing & zoning as well as approval from city council , i forced a buy out of my shares in less than 3 yrs at huge markup of the true value or i would close the doors , the other investors had no choice but to pay my price & i squeezed em like lemmons, i shot a move on them for cooking the books trying to fuk me & it cost them dearly , ruthless ? yes but thats business .
Are you seeing a pettern here , i invest in sure things , then depending on profits gain controlling interest with future take over & buy out in mind .
My whole point is this , either put in the legwork & cash to prove your products market share , then approach investors with your proven patent , or show your idea to the world with a non binding NDA & risk somebody like me taking your idea , making a few changes then applying for patent on your idea & forcing you out with very little .
If you really want this product to work plan on getting all patents before you show the product or ask for investors , that is your minimum cost before proceeding .
- Status