$25K is sizeable chunk... you could probably fund 2 - 3 start ups with that money (of course depending on the idea). Wouldn't it be risky to be putting all our eggs in the one basket?
Quoting from ycombinator [1]: "We usually invest $5000 + $5000n, where n is the number of participating founders (i.e. 2 founders get $15,000, 3 get $20,000), in return for between 2% and 10% of the company. The median is 6%." Also, count me in... I'll chip in $500 even though I'm poor. Considering current cash rates are at all time lows, it could probably net better returns... then there's that feel good factor too :-) Also would there be a rule as to how much money any one investor could invest in? It would be good if no one person could contribute more than $500 if possible (I know this might be against the ethos of investment). I think it would be good to rate limit egos and, prevents one investor from potentially bullying others. Just a thought! Cheerisms, sHz [1]: http://www.ycombinator.com/s2009.html On 12/02/2009, at 12:15 PM, Elias Bizannes wrote: > Legal and finance can be taken care of by my old man and myself > respectively. > > I'll put $500 to be an investor and help you find another 48. > > Three questions: > 1) What proportion of the equity do the investors put in and how > much is retained by the founders? > 2) What will be the selection process? > 3) Any special conditions (ie, brand new startup, investors cannot > be funded?) > > > Elias Bizannes > http://liako.biz --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Silicon Beach Australia mailing list. No lurkers! It is expected that you introduce yourself: http://groups.google.com/group/silicon-beach-australia/browse_thread/thread/99938a0fbc691eeb To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -~----------~----~----~----~------~----~------~--~---
