ninjashogun: BingoBoingo, like, engineers love the immiggrant Tesla's story, but he only ecked out a meagre living from some patent royalties and that's it.

ninjashogun: BingoBoingo, but while I respect that philosophy, a little bit of capital is always needed.

ninjashogun: BingoBoingo, yeah, you and Benkay have the same philosophy here.

ninjashogun: I also consider hte logging here and its interpretation to be absolutely psychopathic. Like you guys have never picked up the phone and networked with anyone.

ninjashogun: Anyway, I'm not going to argue with you guys. You're free to do whatever you want. If anyone wants in on the funding that is being raised I was asked to post a prospectus, it'll be in the other channel and you can review it.

ninjashogun: BingoBoingo, it's why I don't mind doing traditional things. All of the great companies built in America since hte Great Depressoin, including the entire Internet and softtware, etc, tech sector, was done under securities regulation.

ninjashogun: BingoBoingo, well, I don't know. That thread I linked shows a founder who is selling assets free of any regulation or securities law. It gets ugly very fast.

ninjashogun: BingoBoingo, well did you guys talk to him in real life? Or is this all from bizarro btc work?

ninjashogun: Jurov, I am only interested in personal financing, not in my assets per se. The use is on the two companies, one of which isn't even incorporated.

ninjashogun: jurov, this is why I ignore people's suggestions to make a crypto currency and sell shares, etc.

ninjashogun: jurov, this is why I'm ont raising a securities sale

ninjashogun: Guys, THIS - https://bitcointalk.org/index.php?topic=133823.20 - is why we have securities laws.

ninjashogun: so it's up to him if he wants to connect.

ninjashogun: by "as well - I'll speak to him" I mean that I will appreciate the intro, I'm happy to speak with him.

ninjashogun: jurov, I recommend a double opt-in system, where you ask Usagi if he would like an intro to a founder, and if he does want one (as well - I'll speak to him) you can introduce us.

ninjashogun: jurov, I would ordinarily ask for an "intro" (who is he, etc) but I've been told that it's a bit forward to ask for this kind of info in btc world.

ninjashogun: so that's a while ago

ninjashogun: jurov, I don't see a log for Usagi when I open the scrollback, so probably I haven't spoken with him.

ninjashogun: However at the moment both businesses are doing "well" (at the preseed stage), the second (services only) business is gearing up really well and it's time to incorporate, etc.

ninjashogun: Hi, Mats_cd03 and I have talked as well, but not on skype or anything. At the time i think I was just focusing on the newer business with you Mats, you would recall that I was talking in terms of a loan I think.

ninjashogun: so I can take bids up to any amount and will consider them, on the $30K.

ninjashogun: For traditoinal companies, that have at least 2 years of net revenues, it's typical to raise "RBF" (revenue based financing) at a multiple of up to 5x, meaning that it will be returned until 5x has been returned. And that is with substantially reduced risk. (2 years of real cash flow.)

ninjashogun: The bid that I'm soliciting is for an x repayment.

ninjashogun: He is wrong that it's a "loan" however.

ninjashogun: but yes, that log is fine.

ninjashogun: Ah, the list of expenses is a joke :)

ninjashogun: jurov, 0. I didn't even mention it to them.

ninjashogun: anyway that's all for me. just came here to address the PM's.

ninjashogun: Benkay and I talked on skype extensively btw, you can ask him anything about me, he'll know the basics.

ninjashogun: I slightly trust Benkay, however he doesn't have a real-world VC network and hasn't taken venture capital money for his business.

ninjashogun: asciilifeform, 23 PM's from people asking about me (or my deal.) So, I thought I would clear things up.

ninjashogun: asciilifeform, the reason is that a mod from another bitcoin channel got (in his words) 23 PM's from people in this channel. After someone posted my offer here.

ninjashogun: Anyway that's it.

ninjashogun: by cost-control I mean someone trusted (nobody from this channel obv) can actually wire the checks, to e.g. incorporation costs, legal costs around closing the round, etc. You would have to like and be involved with real-world, VC-backed startups to be able to participate meaningfully.

ninjashogun: the funding is $30K within the week, it can be to hard trusted escrower (who does cost control). It's being spent on two startups, one of which has a client but is not yet incorporated, the other has discussed very high valuaitons with (real-world) VC's.

ninjashogun: This channel is the most trollish I've ever seen. Anyone is welcome to participate in my funding round on -otc though, as long as they want to connect with me in real life (I don't deal with pseudonymns)

ninjashogun: But I have absolutely no gov't affiliation of any kind, and 15 minutes on the phone with me can tell anyone everything about me.

ninjashogun: I disagree with all of you completely on running a business - especially Mircau. I think this channel is incredibly trollish.

ninjashogun: And then when I realized that you guys have a ton of money and (I thought) in earnest working on products, offered services.

ninjashogun: i'm a startup founder, I now have 2 startups I'm doing. (That's what the small funding round is about in the other channel).

ninjashogun: I'll just state my interactoin with you guys for the record:

ninjashogun: hey, so I don't know if it's related to my offer the other day or what by an op in another channel got about 23 PM's from people in this channel.