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Post by BG. Foster on Jan 17, 2013 16:51:26 GMT -5
Hi all,
Doing a bit of research before going to crowd funder. Would you fund a non gaming project? I'm looking at ways to fund me opening my restaurant and this is one of the ways I came up with to raise the funds. So the question is would you invest? If not why not? And if there is anyone out there that wants to invest drop me a PM.
Foster
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Post by Paradill on Jan 17, 2013 18:14:37 GMT -5
No, not through any reason other than I'm not financially viable enough as it is.
Be wary of Internet promises, for anonymity breeds lies and cruelty.
Paradill
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Post by Adkenpachi on Jan 17, 2013 18:18:52 GMT -5
Yeah dude, if you cant get a bank to give you a loan your probably better off coming up with a better business plan.
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Post by BG. Foster on Jan 17, 2013 18:24:20 GMT -5
I haven't actually wrote a business plan or been to the bank yet.
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Post by Rolling Thunder on Jan 17, 2013 19:15:44 GMT -5
No, because crowd funding is unsuited to a restaurant, and because if a bank won't back you I certainly won't.
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Post by BG. Foster on Jan 17, 2013 19:18:50 GMT -5
Like I said I've not been to the bank, it only crossed my mind as I came across someone trying to raise funds for a micro brewery and it got me thinking. Hence me asking the question.
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Post by Adkenpachi on Jan 18, 2013 2:04:01 GMT -5
Well before you think about any form of money you need a business plan then try the bank  |
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Post by Soap on Jan 18, 2013 7:00:28 GMT -5
Also the bank won't give you a penny unless you take something to the table. Like a couple of grand and your house!
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Post by Paradill on Jan 18, 2013 7:40:41 GMT -5
And a dinosaur
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Post by Adkenpachi on Jan 18, 2013 8:51:55 GMT -5
That too, you'll need a house or something for collateral...
People dont generally privatly back restraunts because their 50/50 to run or go bust...something like a micro brewery would at least make back its initial investment quick enough cause their comparetivly cheap to set up. Saying that though the ones i went to this year were down to something like 5% the production of last year due to poor crops.
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Post by Rook on Jan 18, 2013 20:09:54 GMT -5
Be wary of Internet promises, for anonymity breeds lies and cruelty. Paradill This is the greatest line I've read in a long time. @foster: When you are ready I'll just send you some money. It won't be much but it will be from my heart and from someone who believes in you. |
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Post by BG. Foster on Jan 19, 2013 3:09:45 GMT -5
Rook, You are a kind and generous person and a true internet hero. People should strive to be more like you.
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Post by dougeye on Jan 19, 2013 4:17:15 GMT -5
personally as many have siad i would avoid internet based funding liek the plague, first stop should be friends / family or close friends of the family, after all those avenues are gone then go to the bank.
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