Great Ideas & Talent Wanted! JT Financial

We have edited our investment amount and % after reading everyone's input. Please read the initial post for the update.

Note that that thread you referenced has, as the most prominent response, give it to a newbie. Nothing about expecting any kind of return.

Seriously, if I were looking for an investor, and my business plan needed land, I wouldn't consider anything that wasn't on a managed private island. 10k lindens would buy maybe 3 months, assuming you find an appropraitely themed island that will give the small parcel size needed and accepts lindens in payment (many only accept paypal).

You also mention you expect a 100k return. Any time scale on that?

To be honest i was thinking of something similar as there are a lot of good potential creators out there that don't necessarily have good business acumen....very much like what you see in RL. A creative genius doesn't neccesarily mean you'll evolve into a successful business entrenpeneur overnight.

It could be that he/she doesn't have the time to take into consideration good marketing, or finding a good location for their business or good promotional ideas to launch their own product.

My RL job is an accountant, so developing business plans, forecasts and budgets are pretty normal thing for me to perform.....also working in the the Marketing Sector for over 20yrs gave me an insight of how good PR, branding and marketing can increase your sales over time.

An opportunity arose out of the blue and I acquired 2 businesses around 4 weeks ago, in that time i have doubled its daily average sales....so i believe i'm on the right track.
Prior to the acquistion my main business was buying the occasional SIM, spending time developing a theme and then eventually finding rentors or buyers to fit that lifestyle....that is what i enjoy doing ...and sometimes it means having to absorb the 1st tier payment without a return inorder to create something worthwhile.

Back to the JV proposals.........my initial thoughts were of a sliding % scale varying between 20% to 50% depending on the level of my involvement. Obviously if i'm going to rent prime commerical land at $40/50 per month, provide the building, buy required furniture, research other outlet locations (e.g You're not going to open a vendor space selling something like the Eye of Horus for 3k in shopping mall thats is primarily visited by newbies.....yet that same product might sell well on SL Exchange) and bear the cost of advertising each week.....i would expect nearer 50% with certain rights.


A one-off 10000 L described in the 1st post is very minimalistic IMO! My above example is nearer 20-30k L spend each and every month for the duration of the JV for equal equity. (in net terms that might only provide me with 20% return) This way the budding creator can concentrate solely on what he/she is best at.......producing quality saleable items.....whilst everything else running in the background has been taken care of including every effort to drive the sales up!

I completely agree with what is stated on their website:

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hehe.

Seriously speaking, it think SL needs VC capital to incubate the good ideas people have. I don't think the terms are particularly wrong either.

But a VC needs credibility here in SL as much as in RL. JT Financials hasn't started particularly well by operating anonymously - there is absolutely no reason for anonymity here on the board. And jtfinancials.com suggests to me that the whole thing has been set up by someone in their garage...

Sorry everybody I misread the investment limit. I thought Arbitrage was talking about $10,000 US dollars NOT $L10, 000. I totally agree that 10K US (about £5,000 sterling) is a substantial amount of money and worth looking at if you need finance for an idea, and worthwhile.

However $L10, 000 is pocket money, about $37 US or £19 sterling……a complete waste of time.

To be quite frank I was busy last night on some rl project work and did not go out to my rl club for a G&T as I usually do at day end…this morning my bank account is better off by more than $37…

Arbitrage, the last Venture Finance scheme I looked at for a client from the borrowing side was around £1,000,000 sterling, the Venture Finance House was 3i the LSE quoted Plc. The last VFS I looked at from the investing viewpoint, again for a client was around £50,000 sterling

Again I apologise to everyone else including the Moderator, as this thread is an advertisement rather than a residents help question. To be frank the amounts talked about here are a complete waste of time, as well as the business land restrictions mentioned, which is where the rl money may be in SL.

Finally even $L2, 000,000 Linden dollars is not quite enough to buy two mainland Sim at auction prices,( which land traders do every day) which I am told is the total market cap of your finance house and is equal to $7,000 US dollars. Even that amount is only a pocket money alternative real life investment to many here.

Sorry to be blunt

Regards

John

I bought two single tube (zone 1) tickets the other day. That's about L$ 5K. lol

To be fair, though, 'microbanking' does exist and works in RL. Not sure that is a model that can be offered as part of a VC deal, though.

Wow, Ponzi scheme alert. Stay away. 0.2% daily is 73% per year. Way too good to be true. RL banks return about 5% per year on a normal savings account. This is worse than Ginko.

Thanks, but no thanks Arbitrage! L$10,000 is about 35 bucks USD. Who can't buy that? I'll just refrain from a copla coctails one night while I'm out and the ...hey! I can fund myself! And I don't have to GIVE yo my business! Stooooooopid idea! If you want to invest in someone elses busines, you don't get controlling interest. An AV would have to be an idiot to buy into that. And your original offer offer for you to retain 70 percent just makes me thinks UR a greedy, lazy PIG! Go make something of your own!!!

I would have never even seen your post had you not posted in the WRONG FORUM, but as I did, I felt compelled to answer. Mainly as a flag to my other "content creating" neighbors. It's a total scam and I don't want anyone to fall for it. It makes SL a gross place to be. Show you joined in January so me thinks U R a noob. Go learn to build or go be a banker in RL!

Agreed in total.

Micro loans are debt, VC's are equity. The two are as diferent as chalk and cheese

Regards

John

Unlike Ginko, we plan on having full disclosure of our operations. In 2-3 months, we will even release our investment strategy and will prove to you that we are not a Ponzi scheme, and that our strategy IS capable of providing the returns. We cannot release that strategy right now because we want to protect our competitive advantage.

Why are you so offended by our offer? Have you taken the time to come to our bank and talk with us, to find out who we are before criticizing us? You are quick to throw out negative comments and judgements without taking the time to give someone a fair opportunity to prove and defend themselves.

Like I said, this was merely an attempt to put out an offer to possibly help someone that's interested. This is not our primary business model.

Umm, you do realise that 2-3 months is the typical lifespan of a ponzi scheme don't you?

Besides, RL banks have well-disclosed and p@ublicly known (or at least it is publicly available to see) investment plans. They don't feel any need to hide anything to retain their competitive advantage. Which raises the question - what do you have to hide here? Why the secrecy when you want to be trusted and seen as reliable?

I put my money in a RL bank because they have a known investment strategy and a reputation for reliability. You aren't old enough to have that rep, and won't disclose your investment plan. I have no reason to trust you as a bank, never mind your VC proposal.

I hardly think ther eis any evidence that this is a ponzi scheme. Of course such wild allegations abound when the armchiar lawyers open fire.

Look for some of you this may not be worth it. As you say, 10K in linden is only 34 bucks. But really the 10k seems to be an initial investment, with more to follow following development. This is ten thousand risk free to get the business going. Its almost like a gift. I would assume that following this initial investment would be more capital as the project warrants.

Granted I would not pay somone 70% of my business. But really it is a legit offer. It just might be a bad bargain, I dunno. But its not a ponzi scheme, at least from what has been present so far.

It is certainly NOT a risk free investment on the part of the person with the idea. They are taking a chance on your integrity, that you won't use the idea for your own profit. Granted, you may well be honourable in this aspect, but WE HAVE NO REASON TO BELIEVE THAT AT THIS STAGE. Right now, you're reputation is no better than a random newbie. And i certainly wouldn't trust a random newbie with my ideas.

It's not risk free when you're investing an idea and your time.

I would be less critical of the scheme if I knew who exactly JT Financial are / is. Arbitrage claims to have relevant RL experience so why can't we know exactly what this is. The incomplete and unprofessional looking website isn't much help and the domain's has been registered anonymously.

Why the need to anonymity?