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now i wait

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Originally posted by: mflacy
Jason King,

You should sell some of your guitars to raise that 50K on the St. Louis craigslist!

You should also get your uncle to finance those racing stripes on your BMW Z4!
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Um, like I said, I can afford my personal life, but carrying the weight of the startup is getting beyond me. Why would I sell guitars that I've had my whole life, that are special to me, to raise what, $3,000, when I have a wealthy uncle that may invest the cash? If I didn't have other options, yea, I'd consider selling it all. But that's last resort.

oh, and you apparently didn't read the BMW thread. The cost of the stripes on teh car would have been paid for by the body shop, since they need to repaint my fender and bumper. So that's a non issue.
 
my guess is he will give it to you, or some of it, but really wants to make you feel like he is bending over for you (even if it is just piss-away money)
 
um,because a startup takes sacrifice, including that of personal value...

I have an uncle who is loaded, well actually 3 of them... they all sacrificed a lot... perhaps you should too...
 
If he wipes his ass with 50k but isn't willing to lend it to his dear old nephew that doesn't say much about dear old nephew's character. Still good luck with your start up. Let us know if the Pakistanis are ever up to any funny business.
 
Originally posted by: MIKEMIKE
um,because a startup takes sacrifice, including that of personal value...

I have an uncle who is loaded, well actually 3 of them... they all sacrificed a lot... perhaps you should too...
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Um, I have. Tons.
 
how about incorporating the project into an llc and offering the rich uncle the 50k in return for a 5% ownership stake. he's a buisinessman, you'll need to show your projections for revenue and why those projects seem reasonable. you'll probably also want to detail how you plan to get the next 350k you need in a second round of funding. besides, if the idea has merit and can be proven, i'm sure the guy would fund the other 350k provided he gets additional ownership. shoot, he doesnt even have to have voting rights, make him a silent partner with a higher profit % split to him.

what you're asking is for you to not only have him buy your cake but you get to keep the whole thing. a bit selfish aint it?
 
Why don't you write up a professional business plan with projected p&l, it would be stupid of him to just give you the money and expect you to do something with it.
 
If your idea is real, go on Shark Tank and ask for the money. I really want to see your idea/product that you think is worth so much. I also really want to see them laugh their asses off at you.
 
Originally posted by: arcenite
I want a viper now
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Hah yea, I was thinking that's the only useful thing to think about in this thread.

But I wouldn't get one, unless you want to set your passenger on fire.
 
Originally posted by: TechBoyJK


Y'all can think I'm crazy. But I'm no chump. I landed a multimillion dollar deal to host all of the Government of Pakistans critical military and government websites (even highly classified back end stuff), and I was a partner in what was the largest successful closing auction in eBay's history. I did get a huge offer for this startup company already, and yea, it drove me nuts for a while but I turned it down.
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if you landed a multimillion dollar deal with the Pakistan government to host their critical military and goverment websites, then why do you need to borrow $50,000 form an uncle?
 
Originally posted by: sonoma1993
Originally posted by: TechBoyJK


Y'all can think I'm crazy. But I'm no chump. I landed a multimillion dollar deal to host all of the Government of Pakistans critical military and government websites (even highly classified back end stuff), and I was a partner in what was the largest successful closing auction in eBay's history. I did get a huge offer for this startup company already, and yea, it drove me nuts for a while but I turned it down.
Click to expand...

if you landed a multimillion dollar deal with the Pakistan government to host their critical military and goverment websites, then why do you need to borrow $50,000 form an uncle?
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Because of this:Text
 
Originally posted by: Elbryn
how about incorporating the project into an llc and offering the rich uncle the 50k in return for a 5% ownership stake. he's a buisinessman, you'll need to show your projections for revenue and why those projects seem reasonable. you'll probably also want to detail how you plan to get the next 350k you need in a second round of funding. besides, if the idea has merit and can be proven, i'm sure the guy would fund the other 350k provided he gets additional ownership. shoot, he doesnt even have to have voting rights, make him a silent partner with a higher profit % split to him.

what you're asking is for you to not only have him buy your cake but you get to keep the whole thing. a bit selfish aint it?
Click to expand...

Oh but he had an offer for 3 million for the company, that would be $150k for a 5% stake.

And his reasoning was: why would I take $3 million now when it will be worth $10 million soon?

This is why, dumbass.
 
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