Great Ideas & Talent Wanted! JT Financial

Unfortunately, our post has gained nothing but negativity - so I have removed our offer to avoid any further disputes and resentment from SL members.

Cool Arb good idea.

Sounds like a poor bargain to me. L$10,000 is not that much, and 70% ownership is outrageous.

Still a bit shady. We're giving you our ideas, and then you're basically going to "decide" if they are good enough for your money. Why not just keep the idea and how it would work and all, and then you invest when I show you a finished copy?

This is an easy way that people in the past have stolen ideas and things created by players in game, then turned around and sold them. Inventor beware.



This is ridiculous...you want it to return you 100k and you get to keep 70% of it when it wasn't your idea, and you did nothing at all with it? No, thank you, I'll sell my own products.

Not to mention that this is a commercial advertisement and in the wrong forum entirely

Also note how the first thing he lists is his RL "credentials" which mean nothing on Teh Internets. They don't even relate to the terms of his "bargain," except to show that he is trying to make a lot of money off of a few suckers.

70%/30% equity share is fair and is based on real life equity participation, that is where the start up business gets 30% equity and the chance to run his own business in exchange for equity. Don't forget ideas do not in themselves pay bills, and the non cash-investing avatar here gets 30% equity for no cash input and no liability if it goes down

However I answered a question in this forum post FOLLOWING on from the first post, but with respect to the thread originator, I agree with the post these forums threads is not really supposed to be an advertising forum, not nit picking no disrespect intended


Regards

John

...or a person get 100% equity for the work he is doing on his own time ANYWAY, and its not just ideas...you're doing all the work too. And yeah, ideas may not pay the bills, but they also may not return 100k. So, no, thank you, I'll run my own business and not worry about $35 USD to start it up.

Advance Scripting Projects for 10000L?? This is not even enough to pay a day of work...
No thanks, I will just go pick out some cans or beg for it, no need to invole any capitalist for this kind of money.

First off, I read a post about new players who do not have any funds to start up a business, so we're providing an opportunity. Like real life Venture Companies, you have the option to propose to us or not.

Secondly, we are not in this business to steal people's ideas. We are doing this to build up the value of our business for our holders. If we wanted to steal your ideas, we would've tempted you with a more lucrative offer. Yes, 10,000L might not be much to some, but it may be sufficent to others.

We're not forcing anyone to submit their ideas, all by choice. Like John Horner said, this is the model in RL - the person with the idea takes no risk. If the idea fails, they walk away without losing anything. That's the nature of the VC world, you can keep 100% of your ideas and take 100% of the risk, or keep 30% and take no risk. If you understand the nature of the VC world, then you will also know that this is just the first round of investment. If your ideas take off and is successful, the company will put in more resources to grow your business, and in the end, you put in nothing for a successful business.

No one is forcing anyone to submit their ideas to us. This is all optional. You can have a big piece of a small pie, or a small piece of a big pie.

You can take my credentials as you please. I am here not to force it down anyone's throat. Those who end up doing business with us can request proof anytime.

Again, we are here to help out those what would like help. But please, don't criticize us of scamming or robbing people without giving us a fair chance or reading more about us. We simply request you treat us with the same respect and integrity that you would like us to treat you.

I apologize if I posted this in the wrong forum. Someone can move it to the appropriate forum if needed.

We are not paying you 10,000L for your scripts. We are providing funds to obtain resources in case you do not want to put any yourself.

Yes, but real life Venture Companies normally dont take almost total control, and give quite a bit of money to those that come up with substantial ideas that they think will produce, REGARDLESS of if they do or not. And 10k wont buy more than 512m land, which is...sad.



You're giving $35 to someone and expecting almost $200 back. I'd rather just go ask a friend if I can borrow $40, then return $40 and keep my profits, my business...70% is HUGE.



Really? *looks below*



Doesn't sound to a "just walk away if it fails" thing to me...



Or I could just make the pie myself, and not share 3/4ths of it. Because pie is God, and God is good.



10k is very small with the return you expect, and those that want to start a business in SL should realize that there will be certain small costs involved. With that said, the proper steps should be taken and realized. I've got a building and clothing company I run that I started just working on requests from people. No money input, just money gain. That's how almost everyone in SL has started their businesses.

10k lindens is about 35 usd.

Its true that a great many newbies dont have that money in SL. That is generally because they have no means of transferring money from rl to sl and vice versa. For any business in SL, and any potential business, this is not the case.

35 usd isnt even a good weekend. If you can't sacrifice a weekend on the town to finance a business, you certainly dont have the self-discipline to make it work in other areas.

The issue that stops most businesses isn't lack of money. It's liquidity - transferring money from sl to rl and vice versa.

Personally, if someone offered to lend me 35 usd on those terms of yours, I'd laugh myself silly. 35,000 usd on those terms would be more like it. That's the scale that RL financial investment is on, after all. If you want to propose RL terms, offer a RL investment package.

Alright, now...after thinking about this, let me tell you the BEST way you could get this stuff going...

Get ideas that people have for sims or lands...put money into ideas like that and keep any revenue that comes in. I know so many people that have great ideas for RP sims that pull in tons of revenue off markets and whatnot, and normally make more than they put into it, but have a hard time paying for that first month's rent. You don't even need to buy the sim or land they are working on, just rent it from Anshe *shivvers* or places like Ohanaland, Otherland, etc.

I can tell you that if you do that, you'll get great ideas from people that could care LESS about the revenue, they just want to create their RP land.

Whoa, I hope no one does this. No offense. But you`re not helping people by taking 70% of their business.

10K Lindens really is not much in RL terms, only naive people will fall for this. I would be ashamed of myself if I were you because this is second life and its much easier/cheaper to start up a business here than in RL, for various reasons. I think what new business owners need help with more than money is guidance.

I'm not sure he's a serious investor. He's only offering 10k for a 70% share of profits. I see no reason to believe he is interested in paying the costs of even a single month of island tier.

Now, I'm no RL finaincial lender, but I'll happily front that 10k for anyone with a solid idea, and ask for a mere 50%, other terms the same as his. that's how confident I am that his terms are ridiculous. I think mine are too, but by his standards, mine are certainly more reasonable.

Perhaps Employment Ops & Help Wanted
would be a more appropriate forum than Resident Answers for this?

--
Resident Answers is a simple, friendly place to ask your fellow Residents of Second Life for help.

pft. you can start a biz without this sort of thing. Whoever can't shouldn't be running one in the first place.

1. learn to make some things.
2. Get your first land, rent some land and/or rent a space in a mall.
3. Once your profits are steady enough to expand, then expand.

It's how we did it before you could exchange US for L$ I don't see why its anymore difficult now. You aren't going to get rich quick in SL anyways, especially if the product isn't very good. It doesn't depend on how much you spend in advertising or if you own a full sim.

And yes, WAY wrong forum to be advertising.

Maybe our assertion of 70/30 is lucrative (just as lucrative as our bank offering .2% daily on savings accounts) - but we are willing to negotiate.

If you would like more credentials, then please referr to Metaversatility as they were the developing company for our banking system. We have invested thousands of USD into our business, including our bank, casino, sportsbook (still developing), and private Island (JT World). So yes, we are investing alot of our own funds.

Our bank has been opened since Feb. 2nd, and we now at over 200 accounts with a total balance of L1.7 million. You can say this may be attributed to our lucrative .2% daily, but we must be doing something right to earn our customer's trust. Or you can say that this is due to our full 7 people staff members and unique business model.

Also. please keep in mind that we do have to honor the interests we are paying to our account holders, and that any losses taken on investments will be absorbed by the bank. VC investments is not our primary business model. We have real world investments that provides us anywhere from .5% to 3% or more daily. We also plan on going public the next 1-2 weeks.

To sum it up, we're here to make an offer. We're not binding anyone to our offers or forcing it upon players. If you are skeptical about our business, you can keep an eye out on us and see how we do.

I'm guessing some kind of contract would be involved. Would this take a RL signature? If not, how do you plan to enforce it?

Are landbots going to go away and be replaced with investbots that contact people like Arbitrage, get then loot then bail?

Please disregard this thread then, because it appears we are receiving nothing but negativity for our offer.

Like we said, it's all OPTIONAL. But we simply ask everyone to treat us with the same dignity and integrity that you would come to expect.

If you do not like our proposal, then you can simply ignore it and move on.

Bad timing, AW - the grid is experiencing an unhappy spell which makes all the residents unhappy, too.

OTOH, I wouldn't bite at offering up 70% for a 10k investment. Best of luck, though.

Yes.. but the fund should be enough to pay me at least a minium wage for my job while I write my script. NOT some ridiciulous amount of 10000L! I mean I don't think any real life VC will give ppl $1000 USD and ask them to go start their own business.
What's the incentive here? If I am doing it as a hobby, I probably don't mind the pay at all but why do I want to take your 10,000L and give you 70% of anything I make?
If my goal is to make money, then why share my profit by taking your 10,000L and give you 70% of control, well I probably has 100 ways to get that $35 USD.

This is like some RL VC ask me to start a software company with 1,000 USD. dude, it's not enough money to buy a good computer!

It only cost me 800L to start my business in SL.


lol

If anyone want to bombard us with negativity, then please read this and understand why we made this offer:

/327/c6/162734/1.html

Essentially, you want to lure in potential market-leaders by offering 10,000L and raking it in off their idea. In a world that has limited production costs, zero reproduction costs, and 10,000L? Really isn't that much. Anyone with the sort of experience and skills needed to get your 10k probably doesn't need it.





The respect that offers pocket money? That'd buy a 512 plot and leave little or nothing for start-up costs. Either you haven't given this much thought or you're hoping to hook some people looking for a fast buck. And there are plenty of political-economic perspectives that don't view that sort of venture capitalism as A Good Thing anyway.





Oh good, a casino. Just what SL needs another of. And yet your thousands of US$ can only offer 10k Linden?






If people find things very dodgy, they tend to tell the person doing it so that they know how it's seen.