PH Crowdfunding Co

[ReaderScars]

edc said:

This has already reached a level of complexity where a forum discussion will find it difficult to move things forward to the next level. A lot of this stuff would be thrashed out or "brainstormed" with the relevant leaders/managers/stakeholders.

Yep, agreed - hoping that some interest from those involved in alloy machining, legal and plastics moulding will be forthcoming before going further.

[feef]

Colour me interested.

Studied engineering, but worked in IT for the last umpteen years. Now with a background in databases, data analysis and web application development, and more recently an entrepreneur in markets from subscription services to retail (online and bricks-and-mortar).

I'm also funding some other projects from revenue from my ventures and would be happy to consider investing in the right project.

[WindyCommon]

I think it's safe to assume that the many PH naysayers lured out by this thread will offer help with agile ideation...



Good luck with your idea OP. Don't be put off.

[ReaderScars]

uber said:

1% equity for £2000 of professional time might give you the services you need without paying up front but locking them in long term will be a nightmare. It only takes a better designer to come along or a guy who can produce stuff cheaper and the ship will sink faster than the Titanic.

Thanks for the equity figure and the additional consideration.

[ReaderScars]

Thanks Windy

Feef, good to have your interest - v. early days as you're aware.

[48k]

What are these "easily manufactured products"?

[ReaderScars]

48k said:

What are these "easily manufactured products"?

I'll only discuss that under NDA with the co-owners of the business.

[akirk]

ReaderScars said:

Perhaps I haven't been clear - the reason for taking this approach is so VCs/Private Equity outfits wouldn't need to be approached, at least at the outset, if at all. Maybe (perhaps further down the line) and as usual, once all of the hard work is done, then a VC/angel/private equity outfit might possibly be approached to help the business realise it's full potential. If ALL VCs/angels approached at that stage don't like the formula then another method of finance would have to be considered.

That makes more sense

[48k]

ReaderScars said:

48k said:

What are these "easily manufactured products"?

I'll only discuss that under NDA with the co-owners of the business.

Bit of a catch-22? Personally I wouldn't want to consider co-owning a business until I knew what it did.

[feef]

ReaderScars said:

48k said:

What are these "easily manufactured products"?

I'll only discuss that under NDA with the co-owners of the business.

Under NDA I can understand, but you won't discuss the business until they have already invested? How do they know if they want to invest in the first place,

[akirk]

feef said:

ReaderScars said:

48k said:

What are these "easily manufactured products"?

I'll only discuss that under NDA with the co-owners of the business.

Under NDA I can understand, but you won't discuss the business until they have already invested? How do they know if they want to invest in the first place,

To be fair they won't have invested...
- no lawyer can write legals about products they don't know
- no website designer can design a website / or cad user do plans
- etc.

so all there could ever be is an agreement to provide services which won't then have cost anything other than a bit of time

[pontypool]

Seems an interesting idea and one that should at least be explored if the only initial investment is a bit of time to see whats what.

I'll chuck my hat in the ring for any web needs or SaaS requirement front and back-end.

Plenty of excellent collaboration tools out there to facilitate remote working, although I would probably want to actually meet real people before making a significant investment in my team's time (and my money!)

[ReaderScars]

Yes, sorry 48k et al, I gave a poorly worded response.

Once a full complement of interested parties are in place, so to speak, I'd like to issue NDAs by email. If the interested parties accept the terms, then once I have that confirmation I'll send out the outline of the business and follow it up with a phonecall. If the interested parties stay interested then great.

However the thread's been up for a few days now, no full complement of expertise has been met yet, so this proposal clearly isn't of great interest to the majority of visitors. Let's see what happens over the weekend, perhaps, unless something comes up earlier. Incidentally should be in possession of 3D prints of the parts referred to in my OP over the next week or two, depending on forthcoming quote.

[ReaderScars]

pontypool said:

although I would probably want to actually meet real people before making a significant investment in my team's time (and my money!)

I completely agree. I'll put you on the list but am aware that there already appears to be a little overlap from interested parties.

[drainbrain]

If you're taking investment from potential silent partners I'd like to know more.

[edc]

I don't think the proposal is not of interest as such but it has taken over a page of extra posts to determine some 'issues' and to establish some clearer understanding. Those now checking in and looking at the first page may have similar queries but not the inclination to read on. Like most proposals and presentations you need to grab the audience quickly. This medium is possibly not the best way.

Another curve ball is how you vet and validate quality and competency of participants. Anyone can put their hand in the air but how do others have trust in them that they can deliver?

[ReaderScars]

drainbrain said:

If you're taking investment from potential silent partners I'd like to know more.

Thanks for the interest DB - if the intended approach doesn't work out (and I'd only give it a total of about a week) then I'll get in touch.

[ReaderScars]

edc said:

I don't think the proposal is not of interest as such but it has taken over a page of extra posts to determine some 'issues' and to establish some clearer understanding. Those now checking in and looking at the first page may have similar queries but not the inclination to read on. Like most proposals and presentations you need to grab the audience quickly. This medium is possibly not the best way.

Another curve ball is how you vet and validate quality and competency of participants. Anyone can put their hand in the air but how do others have trust in them that they can deliver?

Personally EDC I thought I was very clear in my OP that I wasn't looking for investment in the traditional form, if that's one of the issues you mention.

I fully accept this is an unconventional approach and that for some, alarm bell circuits will be warming up if not ringing. If I have to adapt my approach to secure the remaining interest (not investment of time/skills/services), then I would appreciate being shown what approach to take, because I've already tried to make contact with those who are in a position to assist and it hasn't been successful.

[enjo]

Looks like you're design engineer rich but I'll throw my hat in.

[ka90]

Business Systems Analyst here, if one is required.