Agile Business on the Web (long)

[Mr. Now]

The piece you are missing is found in the book THE ORIGIN AND EVOLUTION OF NEW BUSINESSES by Amar Bhide.

The essence is taking shots at low cost, low probability, but potentially very high payoff bets.

Because of the nature of these small bets, an empirical iterative process (rather than a defined process) works best. Bhide discusses this in detail in his book, but from the other end-- he shows how corporations invest more, and have more to lose, and do not use empirical methods. Instead they use defined methods aimed at predictability.

Entreprenuers take shots in areas of rapid growth. Online dating was growing 100% a year when www.plentyoffish.com came in with the innovative freeby. The model is: spend minimal time and money predicting, and maximum time getting something out there, in a growth market or zone of activity and interest, inspecting and adapting quickly over several iterations.

30 to 50K is enough to get something "good enough" and get it out there. Amazon, Ebay, Google, YouTube, MySpace, PlentyofFish, ICQ, these are all examples of empirical winners.

Collaborate. Get it out there. Inspect, adapt, iterate.

[avfletch]

[ QUOTE ]
The piece you are missing is found in the book THE ORIGIN AND EVOLUTION OF NEW BUSINESSES by Amar Bhide.

The essence is taking shots at low cost, low probability, but potentially very high payoff bets.

Because of the nature of these small bets, an empirical iterative process (rather than a defined process) works best. Bhide discusses this in detail in his book, but from the other end-- he shows how corporations invest more, and have more to lose, and do not use empirical methods. Instead they use defined methods aimed at predictability.

Entreprenuers take shots in areas of rapid growth. Online dating was growing 100% a year when www.plentyoffish.com came in with the innovative freeby. The model is: spend minimal time and money predicting, and maximum time getting something out there, in a growth market or zone of activity and interest, inspecting and adapting quickly over several iterations.

30 to 50K is enough to get something "good enough" and get it out there. Amazon, Ebay, Google, YouTube, MySpace, PlentyofFish, ICQ, these are all examples of empirical winners.

Collaborate. Get it out there. Inspect, adapt, iterate.

[/ QUOTE ]

If this is the case could we see some financial calculations showing how the $30k will be invested please?

[Mr. Now]

I sketch the broad contours of the structure, above. Specific details of actual final structure go out to the senders if I receive email from 200 or more individuals by November 1.

[farang0]

I doubt 200 people are going to email you. I dont even think that 200 people have looked in this thread.

You need to focus on getting less investors with more cash each like Degen previously mentioned. You can just get hundreds of people to throw in small amounts because communicating a project to 200 different owners is going to be a feat in iteself.

[calmB4storm]

[ QUOTE ]
I doubt 200 people are going to email you. I dont even think that 200 people have looked in this thread.

[/ QUOTE ]

Quickly approaching 1,000 views.

[ QUOTE ]
You need to focus on getting less investors with more cash each like Degen previously mentioned. You can just get hundreds of people to throw in small amounts because communicating a project to 200 different owners is going to be a feat in iteself.

[/ QUOTE ]

100 owners...and it sounds like he has a decent plan for communication. I think it's inevitable that some people involved will grow inactive, so as long as you plan on this happening, I think at least this part of the operation should work smoothly.

[Dept. of Justice]

Thanks for the heads up Scorpion Man.

Mr. Now, a general solicitation for investors is illegal. One may not solicit an investment in the fund by any form of "general solicitation" or "general advertising." This includes any advertisement, article, notice or other communication published in any newspaper, magazine, the Internet or similar media or broadcast over television or radio, and any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.

Therefore, my brethren at the SEC would likely find this post to be illegal.

In order for it not to be a "general solicitation" you must have had a pre-existing relationship with the investor you are soliciting, and you must contact them individually to determine their interest. The fact that you initiated this with a general solicitation to determine interest likely makes this whole scheme illegal.

[elus2]

DOJ,

You might want to check out the other sections of this forum. I hear that some of them might be gambling online!

Awful gimmick account btw.

[Sifmole]

[ QUOTE ]
Thanks for the heads up Scorpion Man.

Mr. Now, a general solicitation for investors is illegal. One may not solicit an investment in the fund by any form of "general solicitation" or "general advertising." This includes any advertisement, article, notice or other communication published in any newspaper, magazine, the Internet or similar media or broadcast over television or radio, and any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.

Therefore, my brethren at the SEC would likely find this post to be illegal.

In order for it not to be a "general solicitation" you must have had a pre-existing relationship with the investor you are soliciting, and you must contact them individually to determine their interest. The fact that you initiated this with a general solicitation to determine interest likely makes this whole scheme illegal.

[/ QUOTE ]

He is not soliciting investors -- he is soliciting statements of interest. There is a significant difference.

[Mr. Now]

There are many ways to skin a cat.