Drythar Starthra
SWARTA
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Posted - 2010.03.10 04:06:00 -
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Edited by: Drythar Starthra on 10/03/2010 04:11:24
Hmm, so no collatoral? A swaying type of interest payout which by all figures looks low for a uncollatoralized ipo. That's alot of isk.
I personally like lottery's. However this business model doesn't look appealing as far as a public run lottery goes. Since I try to give as much positive feedback as possible, if you will humor me, here's what I'd do if I was you.
1. Raise the potential payout to investors, since they are the ones taking all the risk, your just the "car salesman" so to speak. You want to use peoples money to run a lottery, you gotta make it worth their while. Even with a 80/20 split for investors, your still getting a decent return yourself. Then again I'd have to see the profit margin over the span of a month to fully understand the figures.
2. Set up a dummy corp of some sort to hold your prize's and the isk between lottery's. Then setup some MD regulars (either well known folks who get a small cut or MD people who invest). Set it up so that not one person, not even yourself, can run off with the Thanatos or Officer fit CNR. Also having this kind of security would help ease the minds of ticket buyers too I imagine. Grendell could possibly have an alt on this corp?
3. Get an audit from a MD auditor, such as VV, Breaker or someone. There's a the 001 thing and the new Audit Fund, both are good places to look.
4. Join the Signatures and/or SCC channel and just get comments on how to make it work. Lay out some of the ideas I've put forth and other ideas you might have. These guys will do their best to help you. They like making isk and they like being friendly..well most of em.
With that being said, knowledge is power. Ask questions, understand that something like this is risky if not set up right. Also know that there are underlining standards to ipo's/bonds...collatoral, audit, good business model, security and (as much as I hate to say it) reputation.
-you don't let someone spend the night at your house if he sleeps with other peoples wives, however if he's a milkman who hasn't slept around, then well...he still has to pay rent to stay in a room, but atleast he has a chance-
Drythar
(incase you could care less what I have to say, free bump atleast :P)
-edit- Also rereading some of it real quick, I must say. Your "making each bond small decreases the chance of a scam" is completely bogus. I hate to say it man. Even if I only own a brick used to build a house and 2000 people own the rest of the bricks, the fact of the matter is it can still burn down. Scam risks, security for your ipo/bond are key. You may think that the whole thing is lookin good since no one's posted (SCAM) or anything, its becuase they read this and just moved on quick. Take clear steps to put investors minds to ease.
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