Quote:
Originally Posted by arrowpoint
2nd of, No, I am not expecting anywhere near that much money from initial investors, but The value of the fund will grow over some time.
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Then you're contradicting yourself, as it obviously isn't your first objective.
Combined with you being scammed multiple times before, i see your optimism as a huge weakness. When starting a business, you should always have multiple back-up plans and contingencies, as well as a grounded opinion of it, and not be carried away with the excitement of it all. I seriously doubt that you have any back-ups, and your being swept up is clearly visible.
And this is before i look at things such as you using others plans and submitting them still with many, many mandatory questions un-addressed.
I will give you a piece of advice.
Do not expect to meet the same level of success in anywhere near the amount of time which the EIfund have achieved. The only reason they are doing as well as they are, and not still floating around the same region of value, is because the guy running it pretty much bought that hangar. From there, they were able to progress fast.
(i.e. if peds invested = 5K - if not for the hangar which the "CEO" purchased, they would not be too far from where they started - maybe 15-20K at best.)
So don't go thinking that your business will succeed just because someone else done it. It takes more than a fancy name (which it sounds like you ripped off, as it's suspiciously familiar) and a good attitude (which will likely die after the first three months of actually working at it, if not before).
Conclusion?
I see too many holes on the first glance, let alone a full inspection, to consider this worth my time looking at any further. It's crudely done, it's rushed, it's not secure, and frankly, i question your integrity, commitment and intellectual capability toward handling such a task.
The more i think about it, the more it sounds like an arrogant optimism which completely ignores any negative constructs.
i.e.
Potential investor: Hey, why will your business succeed when others have failed?
You: Because it will!
Potential investor: No, seriously though. What contingency plans do you have? Or better still, how do you intend to rival the competition and entice their customers to yourself?
You: Trust me, it'll all work out.
Potential investor: I'm investing, i need to know that my money is secure. Do you even have any projected figures or estimates, or any form of study or market research performed at all?
You: I'm planning to do some when i get time. But don't worry about that. Just give me your money and it will work out.
Potential investor: Sorry, i don't believe in magic. I think I'll just go to one of the others who have a proven track record and a clean history.
If you find this harsh, it's a clear sign that you should stop right now, because you're planning on playing with other peoples money. Don't expect them to be forgiving when you screw up and lose it. Keep in mind that any slip-ups could make you a lot of enemies.