Investors - 12/4/12 | Page 2 | TigerDroppings.com
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Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
30656 posts

re: Investors

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.


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Siderophore
LSU Fan
Member since Nov 2010
3335 posts

re: Investors
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


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CtotheVrzrbck
Arkansas Fan
Tulsey Town
Member since Dec 2007
25333 posts

re: Investors
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.


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Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1968 posts

re: Investors
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.



Notro
LSU Fan
Alison Brie's Boobs
Member since Sep 2011
4521 posts

re: Investors
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


Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1968 posts

re: Investors
THIS IS NOT A VIDEO GAME


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AngryBeavers
LSU Fan
Member since Jun 2012
4554 posts

re: Investors
So your idea is to scam someone out of 1.8 million dollars?


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barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
39882 posts

re: Investors
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.


yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
75011 posts

re: Investors
This sounds awesome


where do I mail the check?


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Siderophore
LSU Fan
Member since Nov 2010
3335 posts

re: Investors
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!


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Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1968 posts

re: Investors
Thanks, I think that's for smaller projects, but I appreciate it.



TigerBait2008
LSU Fan
Death Valley
Member since Jun 2008
17785 posts

re: Investors
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.


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Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
25472 posts

re: Investors
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


barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
39882 posts

re: Investors
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


TigerBait2008
LSU Fan
Death Valley
Member since Jun 2008
17785 posts

re: Investors
quote:

So your value on your company/idea is $45M?? What are your current sales?






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Siderophore
LSU Fan
Member since Nov 2010
3335 posts

re: Investors
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."


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Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1968 posts

re: Investors
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.



Geauxld Finger
LSU Fan
Baton Rouge
Member since Jan 2005
25472 posts

re: Investors
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.


Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Investors
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??


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Meaux Bettah
LSU Fan
Tiger Nation
Member since Nov 2011
1968 posts

re: Investors
YEah.. I guess a million dollar prize would never get someone interested. What am I thinking??


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