Anyone interested in starting an ad network? (with me? :)

Discussion in 'General Business' started by whooped, Aug 1, 2007.

  1. Laceygirl

    Laceygirl Notable Member

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    #21
    Ohh, That's going to be a problem. I'm going to have to mention this for you to be able to defend yourself for this insanely un-professional offer. Maybe you didn't mean it the way I read it........

    You just basically claimed that anyone who does invest automatically either "loses their money if the deal flops" or "signs a contract to get bought out for the base of what they gave. Come on whooped, you can't be serious that you think that someone is going to give you money to split up the loss of money risk for you so that if it does work and there great profit you can just give back their $100.

    That isn't called an investor you are asking for. You are asking for a loan, but if it fails you don't have to pay back.

    Please, let us all know you don't mean that. You seem like a nice guy trying to do something with a good cause.

    A contract for all parties should be fair.
    (For example let's say you have 3 investors all equal in money they put in, and then you doing the same [=4]).

    -You can be voted out, you are the creator but can be bought out for 9X the agreed estimated appraised value. This is easy to determine from the monthly profit, cost of script, pr, backlink power, etc. basically you have a meeting at the end of each month and come to an agreement to this.
    -The only way for an investor to be "voted off the island" is by all other parties agreeing on it and the 3 equally split the cost of the "punk who got voted out". A fair deal in the contract would be if voted out then this "punk" gets his investment back along with 4X monthly income.
    -Monthly, Weekly or/and, semi-annually meeting should occur to talk about plans of the future, assignments, and pretty much anything regarding issues with the site. The time of the meetings must be agreed by all investors and it should be set much early of the actual meeting (2 weeks or so). If one investor seems to be missing every meeting (let's say 4 in the same year), if voted out during that year their buy out total price is not 4X, but 2X the monthly profit plus investment.
    -Set a reporting time during that meeting where each investor will report their efforts into promoting, working on site, setting goals for each other, etc. This isn't a law but it sure tells who should be taken out and who's really worth being parter with.
    -All vote outs have to be backed up by a valid reason why they shouldn't be an investor. Example: anyone that harms the website in profit, reputation, etc.
    -No person can ever be voted out with no reason unless they are payed out a rather large sum, For example 24X of current monthly profit. This happening is very rare because its such a high price. This should be in the contract so that someone can be knocked out of the business in a fair way. This sometimes happened if the site is making massive increases of profit every month.

    An investor does reserve the right to sue if this contract has been breached.

    Now this is how it should be done. A full legal written contract to secure all parties. Not "I'll buy you out when it's making money". This offers security and fairness to everyone. Of course if you are not wanting to be that serious than it's your choice but then again, you shouldn't be putting in that much money if your not going to do it business like.

    Now for the personal questions to you.

    Heck, I could put in 50/50 with you if it were secure and I love the smell once told the whole deal, but obviously I'm not too hyped to throw $1000 to someone that could be gone the next minute.
    What measures are you taking to give security to an investor(me) if I were to give you what you need and become a full partner to you?

    Do you have a solid business plan that is set or is there room for involvment?
     
    Laceygirl, Aug 9, 2007 IP
    Judd likes this.
  2. Judd

    Judd Active Member

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    #22
    Very good post GraveTzT! I also have similar ideas/thoughts as you. Im looking for some type of safety-net with my money. I too am willing to put up a fair amount of money to be involved, but must know the above details as well.
     
    Judd, Aug 9, 2007 IP
  3. whooped

    whooped Peon

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    #23
    My sincere apologies. I hope that I can justify my mis-typed message by the fact that I was receiving quite a large number of phone calls, business deals, PM's, and IM's.

    As for the line in question, which is- I can buy back your shares.
    Some background info,
    quite a few people, over 20, PMed, IMed, and called me over the past few days to discuss this thouroughly. I had their contact info, whether it be emails, messengers, or PM's. They all stated that they were interested and I was honest to the best I could estimate.
    So, they all wanted good financial details instead of the rough estimate I provided. Naturally, I would expect this from any serious partner.
    When I got actual pricing details, it was over my estimate. With some hard bagaining and concessions by both sides, I got it down to the price that I had told most people, $2,000. Of this, partners and investors would take care of half.

    Naturally, people are concerned with their own security when putting a large sum of money in a strangers hands. Therefore, I made the share buy-back program. I gave full details to those who I had discussed thoroughly with.

    These messages said that I could buy shares of investors for larger than what they had already paid. These payments would be based on total time of partnership. ex, 1 month into the program, and you could sell a $100 share to me for $200.

    These messages were also mis-written. The meaning of this, was to give security to potential investors. Its not a small sum that I am asking. Therefore, if anyone wanted out, for any reason, such as too little profit, or they thought I was mismanaging, then they could sell their shares back to me. The full pricing details were in the PM, which I can send to you or any other interested parties. This buy-back program is the out that you have. If you think this will fail, or if you need the money, sell your share back to me at the predetermined price for all, no more, no less.

    I hope that everone understands, and that if this post is too ridiculously long, PM me and I'll give you a summary.

     
    whooped, Aug 9, 2007 IP
  4. whooped

    whooped Peon

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    #24
    I prefer to write this in a separate post, as the last one was too long anyway.

    I've told some people about a business deal I've struck with a third-party that should give us pretty much a guaranteed income for the first month. If I haven't told you, its because I would like to keep this relatively confidential.
    I'm messaging everyone who expressed strong interest.
     
    whooped, Aug 9, 2007 IP
  5. whooped

    whooped Peon

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    #25
    As for the contract Grave, I am planning on getting to one immediately.
    However, locking in an early deal between our side and our leaser, will give us a large benefit. Again, I can explain this, but to serious potential investors please.
    I'm sorry for the secrecy that is hyped up, but there are some legal obligations between my side and these companies' sides
     
    whooped, Aug 9, 2007 IP
  6. Laceygirl

    Laceygirl Notable Member

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    #26
    Thank you I've been advised by The owner of a reallife company called Neustar Trailers. Its a very heavy and secure system they have, but they do have an edge over online partnerships. They actually know where each other live and each can shut down or hurt the business by leaving. Of course I'm thinking of the owner all this week because he's lending me a 07 mustang this weekend and probably going to give it up to "the man"(me).


    OK whooped, So your not messing around. This was something people would need to know. Obviously you can't just fly in everything you got in public. It just happened to "look" bad at reading at the time.

    I suppose you are probably looking for a minimal amount of people involved as possible. Too many people will surely get in the way.

    I've been interested in this since it started so I'm going to ask a for a few details and make my desicion after answered well....unless you don't want me involved of course.
     
    Laceygirl, Aug 9, 2007 IP
  7. samlocalguy

    samlocalguy Active Member

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    #27
    I am also intrested. Please who are also entered in this project. Please post here a reply.
     
    samlocalguy, Aug 11, 2007 IP
  8. aras

    aras Active Member

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    #28
    I will need more details significantly for this, (send an NDA if you need to).
    I have also technical software and background ready for either a content-based distribution ad network, or domain parking network which is currently affiliated with one of the biggest domain-ad media company.

    Lets see if we can join forces somewhat.
     
    aras, Aug 11, 2007 IP
  9. bigsamIndia

    bigsamIndia Banned

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    #29
    give me all the details.. i will buy 50%
     
    bigsamIndia, Aug 12, 2007 IP