Agree: better to create a pledge fund (for want of a better term) and invest on the basis of individual requirements than an arbitrary figure like $25k. This also limits exposure of any one investor to a given startup.
c. On Feb 12, 12:56 pm, Phil Sim <philip...@gmail.com> wrote: > Yeh, it might be worthwhile for us to not limit it. We'll just say > we've got this much money to spend and will investing in up to 3 > startups. Startups could ask for how much they want and want equity > they were willing to give up for that as part of the application > process. > > On capping, I think its best to get 50 smart people as part of this - > so if we can get to the $25k without needing people to invest more > than the $500. Of course, if we're short of people and some are > willing to take two shares than all well and good. > > Phil Sim > Chief Executive Officer, > MediaConnect Australia Pty Ltdwww.mediaconnect.com.au > phi...@mediaconnect.com.au > Ph: +61 2 9894 6277 > Fax: +61 2 8246 6383 > Mobile: 0413889940 > > On Thu, Feb 12, 2009 at 12:42 PM, Shaon Diwakar <sh...@shaon.net> wrote: > > $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 -~----------~----~----~----~------~----~------~--~---
