How much would you charge to license this tool to another person? I'd love to have this functionality.

This all seems rather well done on the surface.

Do you have a cap on total deposits in mind where you foresee the interest rates you're paying out is no longer sustainable? Business models like these always makes me jittery when there are no indicators as to how much capital the venture can optimally handle.

Thanks for those answers.

Your website - are there any user functions, features or interactivity one can expect beyond the registration and the information you've put in it so far at the moment?

What happens once an investment from a character is made (in terms of confirmation, checking on one's own investment details, etc)? And what is the withdrawal procedure?

And out of curiousity, has anyone taken up this service since you started this thread?

A few questions and suggestions:

Why do I need to enter an email and a password? If this is only accessible from ingame and uses ingame information, no password is needed. An email is never needed except if you want to use it in case someone forgets his password. However, a password recovery option does not exist.
In fact, one could get the idea you are phishing for mail/password combinations.

Other suggestions:

-Let people deposit to any Account run by you. This could be solved by crediting deposits with the "Reason" field to the character who sent the money, but allowing people to add any Character name in the "Reason" field on order for it to be credited to that persons Account.
Why? Because then people who are currently not able to get into the game can verify that they got money from someone (in case they just started a loan request) or someone who is not subscribed currently can receive money and actually use it, which leads me to the next suggestion:

- Let people send money to other accounts on your website and let people withdraw to any Account.
Why? Because that would allow people to actually send ISK without having to be subscribes or logged in, and when sent on your website if would be instant. Someone who doesn't currently play eve actively could keep his money invested that way.

- Allow times payments.
Why? With loans, there are regular payments to be made. This could be automated if both parties have an account with you. As an additional service this could be done with ingame payments as well which are then subtracted from the senders account with you. For the latter, you could charge extra.

- Let people Create an account from outside the game.
Why? A lot of people just read the forums when they are somewhere where they do not have access to eve. If they cannot see how your website works and only see the one page saying they need to be ingame, they'll leave and maybe never come back. However, if they can make an account right away and see how everything is set up and what options there are (especially if you add some more options), then they are more likely to come back an invest.
Besides, you already ask for a username, a password an an email addresse, so there is literally no need for someone to access your site via the ingame browser.

Edit: One more question: Where is the withdraw button? I cannot find it. I don't have anything invested (yet) though. Does it only appear if theres ISK on the account or is it just not implemented yet?

2. I'm not going to allow withdrawals to take place to any account that wasn't used during registration. This is mainly for security purposes, so in an event where your account is compromised anyone logged in cannot perform any activities that would help them in any way.

3. I know having registration taking place in-game may alienate people not currently subscribed or wanting to go through the hoop but this is a security precaution and used for verification. EVE-Bet and iwantisk enforce similar requirements in order for registration to take place.

4. As noted previously, withdrawal option only becomes available when you have enough balance to process one. You select an amount and submit, this then goes to me which I manually process. Until then it will show in your account as unprocessed.

There's another opportunity available in MD within the past month along similar lines - in essence you both present the same level of risks, but you have higher interest rates across the board compared to that one at this moment (i.e. same level of risk but a higher reward). But, the automated system has piqued my interest.

I will be investing an odd random amount below 100mil shortly to check out these features and see how it pans out. No other questions for now and thank you for your time.

You say "mainly for security reasons", so what are the other reasons?

Regarding the security thing, it would be the same if people transfer the amount to their account on your site and then withdraw. So theres not really any security gained if you plan to offer that.
But I got a few ideas regarding security in that case:

- you could require 2FA for in the form of either an email confirmation link having to be clicked or the withdrawal coming from the account owner via the ingame browser in order to verify his identity. It would be best if the client could choose between email authetication / ingame authentication for that purpose. Both can be easily automated and thereffore do not cause additional work once implemented.

- you could require 3FA or optionally let people choose to enable 3FA using both additional authentication factors mentioned above for that feature.

So, if it's really just a security issue, I am sure that can be fixed :)



I see how it can be a security problem based on your how you implemented character-related stuff regarding character name hijacking. While this could be fixed, it would require some work.
However, in the current form only Characters can create Account, which Corporations, Alliances, groups with a common interest etc. cannot create accounts. Maybe you want to think about that again. I'l really like to be able to just create an account and maybe add all my characters to it. Also, when a character gets deleted it's much easier to just have a non-character-based system, especially because someone else could just re-use the name and go empty that Bank account =/



Thanks for the information. I will soon invest a small amount to test the features and see how everything works.

Edit: Just deposited a small amount. Btw.: Is there an ingame channel where you can be reached?

Been periodically looking at the Private Ventures website from time to time. Risk of scams aside, very happy to see the minute changes happening for user accounts these past few days. Bare bones as it may be, it's clean, easy to see figures and it's good seeing total sums invested and deposits involved.

May invest just a little bit more and bank myself into the 10% Standard plan at some point.

By the way, is there any chance you'll be looking at an audit from a trusted third party somewhere down the line?

Firstly thanks for your words. I understand it's pretty simplistic, but in everything I do it's more of a priority for me to go with minimalism for a number of reasons. Like I previously said though you'll be given quite a bit more information about your account, I spent a majority of yesterday completely restructuring the database for statistical purposes and later corp usage.

Eventually I'm thinking about having account creation possible outside of the game and then adding your characters, similar to what Nero suggested a few posts back. The back-end would now allow for this. For example you could make a deposit of 1 ISK with a reason code or something and this then gets tied to your account, you'll then be able to withdraw to any character that is tied to this account, so this is where it could benefit corporations. To combat any malicious activity, email verification will be required prior to the character being tied.

I would love to have an audit, but I suppose I don't really know enough about the service or the people who can provide it.

In the statistics section could you add # of account holders in each account type and total # of accounts?

Will we still be getting paid while you are away?

Hi Pridit. How are you doing now with about 21.5bil in deposits? Margins still at a healthy pace in line with the deposits?

Just Opened a Standard Account with them, will post once I receive my first payment next month.

Just Opened a Standard Account with them, will post once I receive my first payment next month.

I've just opened an advanced account.

Will reply once i've received first months interest etc.

Just Opened a Standard Account with them, will post once I receive my first payment next month.

I've just opened an advanced account.

Will reply once i've received first months interest etc.

Thanks for the reply Pridit. Just moved myself up to an Advanced Account. May your trade prosper!

Thanks for the reply Pridit. Just moved myself up to an Advanced Account. May your trade prosper!






.....did you two not read the thread beyond the title? That's a scary way to risk bank

Don't like how this scheme goads investors into investing more and more to achieve higher interest rate.
Meanwhile the bank owner's own percentage profits will diminish the higher amounts he has to deal with, which is the traditional receipe for disaster.

Don't like how this scheme goads investors into investing more and more to achieve higher interest rate.
Meanwhile the bank owner's own percentage profits will diminish the higher amounts he has to deal with, which is the traditional receipe for disaster.

I'm pleased to announce I just made live a whole host of changes, these include collaterized loans

Its a concern because initially you mentioned the bank would have a cap of 50B and you would evaluate and see about raising the banks cap if you could make use of it. If you have investors who filled your 50B bank cap, I was guessing would you stop taking new accounts unless you wanted to raise that cap even higher or when people withdrew or closed accounts.

Instead you set a hard cap on what investors can invest, lowering interest rates.
Also you added new products and services while changing the terms of the only product your clients to you for.

You only 'just venture' into this bank/project and you've nerfed the terms and added more products to a website.

I would rather have read on this thread about the banks gains in trades and the potential for taking more capital in and adding new projects. Its been too short of time with too many changes.


You wanna expand with more products, but haven't shown us even a months history with what we all signed up with.


Clients come with history and reputation.
As much as I like what your doing with the site, I feel like that is your product perhaps as you do development.
What happened to trading, taking in profits with updates and just paying interest?
I mean, do I really need to invest with 5 different char's to get up to 10B?
Why not just keep the hard cap of 50B or whatever you can manage and lower the rates if you can't pay what you sold us?
What would happen if 50 new clients signed up today all maxed out at 2.5B


Even Illegal considered adding new products to his venture, but wanted to wait 3-6 months to gain reputation.

Others have pointed out other faults, these are mine I suppose.

There are tons of obvious issues with banking in Eve so I'll leave those out for not and concentrate on the biggest issue. You're seem to be creating your plan as you go along instead of coming up with a plan and making adjustments as needed. If we just look at the words you use:

"ballpark'
"somewhere around"
"may implement"
"could be"
"I don't really know about audits or who provides them"


Also in your updates you hint at plans and ideas but say they are a ways out, then a week later you implement them and more. I honestly don't think you're doing this on purpose but instead you just haven't done your research and you haven't really planned out the business side. I think you're top heavy on tech knowledge without a basic foundation of how the business side of banking works.

Others have mentioned your rates for loans returning a loss compared to your interest rates on accounts and while I would agree there is something to be said for the marketing side of taking an initial small loss to garner interest so that you can make adjustments later to turn a profit, after you have people used to coming to you for loans. Your collateral requirements are way off though and I don't think the marketing side I just mentioned is something you did on purpose but rather by accident. Again, I think you lack the business knowledge required for this idea to be sustainable.

If it were me and I didn't already know that running a bank was a terrible idea, I would seek out a couple of individuals with the business knowledge to assist you. Create an advisory board.