View Single Post
Old 02-16-2009, 11:09 AM   #2
kidmercury
Administrator
 
kidmercury's Avatar
 
Join Date: May 2007
Posts: 3,987
MercBucks: 965,024

Awards Showcase

Hi David,

Thanks for your comment. I watched your slideshow and your concept page. Here are some basic thoughts I had:

1. All things considered I love the idea, especially the concept page -- it hooked me
2. Are you prepared for a regulatory nightmare? That is my biggest concern with these types of ventures, and I think it will scare away many others too. But we need stuff like this so I am definitely rooting for you and I hope that others will not allow themselves to be intimidated solely by regulatory risks
3. I'd be more interested in learning the details of how you plan to ensure your marketplace is safe and void of scamming entrepreneurs, how legal conflicts will be resolved, is there an opportunity for short sellers, can anyone participate or is there a screening mechanism....I think the standards you put in place will be what you are competing on if/when others try to compete against you with this idea
4. Personally, I'm very interested in seeing what kind of opportunities there are to help entrepreneurs. While they may need less capital, and while this capital can be easier to obtain through crowdsourced funding initiatives like what you have planned, I think there will still be an opportunity for advisory services, M&A, and lots of other things that professional investors can help out with besides cash infusion. In fact I think being the intermediary that helps entrepreneurs get these services could be where the great money making opportunity is for businesses like yours.

Just my two cents, for what it's worth. I'm certainly very excited about your idea and I hope you're able to pull it off -- the world needs it!
kidmercury is offline   Reply With Quote