| Posted by | Message |
Breesus 
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
15526 posts
| re: Investors (Posted on 12/4/12 at 4:11 pm to barry)
quote:
How exactly do you need 1.8 million dollars to start a fantasy football site?
Are you getting a fricking super bowl ad?
He wants to develop some kind of video game or video game system specifically for fantasy sports if i had to guess. No other way to justify that kind of money. Even then it isnt justifiable.
|
| Back to top | |
Siderophore 
LSU Fan
Member since Nov 2010
3334 posts
| re: Investors (Posted on 12/4/12 at 4:11 pm to barry)
Exactly what I thought 
Unless you have literally no technical ability and need to hire everything, you should be able to get started with 100k
|
| Back to top | |
CtotheVrzrbck 
Oklahoma State Fan
Tulsey Town
Member since Dec 2007
14645 posts
| re: Investors (Posted on 12/4/12 at 4:13 pm to Meaux Bettah)
NDA is standard operating procedure. you ever encounter someone that won't sign one to protect themselves and you, karate chop them in the throat.
Investors don't want you talking either. Word gets out what they're looking at, competing investors could blow a deal up.
|
| Back to top | |
Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1307 posts
| re: Investors (Posted on 12/4/12 at 4:13 pm to barry)
Most of the money is for a grand prize. 1 million bucks to one person, the champion at the end of the season. The rest is for production costs and a very focused ad campaign. $300K on ads.
|
| Back to top | |
Notro
LSU Fan
Alison Brie's Boobs
Member since Sep 2011
3760 posts
| re: Investors (Posted on 12/4/12 at 4:14 pm to Meaux Bettah)
FWIW
ETA: So you want to give one million dollars of an investors away??
This post was edited on 12/4 at 4:15 pm
|
| Back to top | |
Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1307 posts
| re: Investors (Posted on 12/4/12 at 4:14 pm to Meaux Bettah)
THIS IS NOT A VIDEO GAME
|
| Back to top | |
AngryBeavers
LSU Fan
Member since Jun 2012
1597 posts
| re: Investors (Posted on 12/4/12 at 4:14 pm to Meaux Bettah)
So your idea is to scam someone out of 1.8 million dollars?
|
| Back to top | |
barry 
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
34698 posts
| re: Investors (Posted on 12/4/12 at 4:15 pm to Meaux Bettah)
quote:
Most of the money is for a grand prize. 1 million bucks to one person, the champion at the end of the season. The rest is for production costs and a very focused ad campaign. $300K on ads.
Ok, now i can guarantee that no investor in their right mind will give you money.
|
| Back to top | |
yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
51922 posts
| re: Investors (Posted on 12/4/12 at 4:15 pm to Meaux Bettah)
This sounds awesome
where do I mail the check?
|
| Back to top | |
Siderophore
LSU Fan
Member since Nov 2010
3334 posts
| re: Investors (Posted on 12/4/12 at 4:15 pm to Meaux Bettah)
quote:
Most of the money is for a grand prize. 1 million bucks to one person, the champion at the end of the season. The rest is for production costs and a very focused ad campaign. $300K on ads.
So the business model is a lottery in a football wrapping?
Sink in people not for the sake of the idea itself, but the persuit of the prize?
BRILLIANT!
|
| Back to top | |
Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1307 posts
| re: Investors (Posted on 12/4/12 at 4:16 pm to Notro)
Thanks, I think that's for smaller projects, but I appreciate it.
|
| Back to top | |
TigerBait2008
LSU Fan
Death Valley
Member since Jun 2008
10147 posts
| re: Investors (Posted on 12/4/12 at 4:16 pm to Meaux Bettah)
How do you find an investor for a project without giving them too much information so that your idea can be stolen? It's hard to get someone to sign a NDA before you tell them what you have in mind.
quote:
A friend and I have (I swear) a very sure way to make hundreds of millions very quickly. We need 1.8 million to make it happen fast(3 months) and about 1.2 to make it happen in 6 months.
$20 to 40 million 3 months after the 1.8 mil. would be committed. Then double that next year. The investor would get 40%. That is a little low, but the return would be in 3 months, so that's the trade off
quote:
We are 100% sure of success
Automatic FAIL.
|
| Back to top | |
Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
17844 posts
| re: Investors (Posted on 12/4/12 at 4:16 pm to Meaux Bettah)
quote:
But, if you believe in the power of FF, then you know it's a safe investment.
There hundreds of magazines that are dedicated to this. Tons of websites. ESPN, Yahoo, CBS, and NFL have the market cornered as far as services to run your league. Not sure what ground breaking idea you have that the boys with those corporations haven't already thought of.
This post was edited on 12/4 at 4:16 pm
|
| Back to top | |
barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
34698 posts
| re: Investors (Posted on 12/4/12 at 4:17 pm to Meaux Bettah)
quote:
Meaux Bettah
I'm all for entrepreneurial spirit and you should definitely go after this but you don't need the money for a grand prize.
If your idea hinges on that, its not a good start.
This post was edited on 12/4 at 4:18 pm
|
| Back to top | |
TigerBait2008
LSU Fan
Death Valley
Member since Jun 2008
10147 posts
| re: Investors (Posted on 12/4/12 at 4:18 pm to Notro)
quote:
So your value on your company/idea is $45M?? What are your current sales?
|
| Back to top | |
Siderophore
LSU Fan
Member since Nov 2010
3334 posts
| re: Investors (Posted on 12/4/12 at 4:18 pm to barry)
quote:
Ok, now i can guarantee that no investor in their right mind will give you money.
"What you will do with my money?"
"I will take it and just give it away rather than use it to build equity and value."
|
| Back to top | |
Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1307 posts
|
I can't tell you all the ways ya'll are wrong. You don't understand the format of the contest. It's not lottery. Not cbs, espn, yahoo.. anybody! Nobody gives away money. There's some weekly contest that does something but not on this scale.
|
| Back to top | |
Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
17844 posts
| re: Investors (Posted on 12/4/12 at 4:19 pm to barry)
If i were an investor I want to see a prototype of the idea and or storyboards of it.
You have to copyright the idea under intellectual property. You also don't give away too much about how the product or whatever works. Get a plan first. Get a prototype, then pitch it to people at venture capital firms.
|
| Back to top | |
Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts
| re: Investors (Posted on 12/4/12 at 4:20 pm to barry)
Also, you are expecting to grow you money at 4044% annualized rate. WTF... have you discovered a new precious metal that geologists haven't known about and you are planning to dig it out in Dante's Inferno??
|
| Back to top | |
Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1307 posts
| re: Investors (Posted on 12/4/12 at 4:20 pm to barry)
YEah.. I guess a million dollar prize would never get someone interested. What am I thinking??
|
| Back to top | |
