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Wed Jul 02 21:16:56 UTC 2014  <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.

Wed Jul 02 21:16:23 UTC 2014  <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.

Wed Jul 02 21:15:24 UTC 2014  <ninjashogun>   jurov, let me see. doesn't ring a bell.

Wed Jul 02 21:15:17 UTC 2014  <ninjashogun>   so I can take bids up to any amount and will consider them, on the $30K.

Wed Jul 02 21:15:01 UTC 2014  <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.)

Wed Jul 02 21:14:46 UTC 2014  <jurov>   ninjashogun have you talked to usagi?

Wed Jul 02 21:14:14 UTC 2014  <ninjashogun>   The bid that I'm soliciting is for an x repayment.

Wed Jul 02 21:14:05 UTC 2014  <ninjashogun>   He is wrong that it's a "loan" however.

Wed Jul 02 21:13:49 UTC 2014  <ninjashogun>   but yes, that log is fine.

Wed Jul 02 21:13:40 UTC 2014  <ninjashogun>   Ah, the list of expenses is a joke :)

Wed Jul 02 21:12:48 UTC 2014  <ninjashogun>   jurov, 0. I didn't even mention it to them.

Wed Jul 02 21:12:37 UTC 2014  <ninjashogun>   anyway that's all for me. just came here to address the PM's.

Wed Jul 02 21:11:59 UTC 2014  <ninjashogun>   I've also connected with other real-world VC's/founders from here. So it's a mixed bag.

Wed Jul 02 21:11:35 UTC 2014  <ninjashogun>   (1 single conversation.)

Wed Jul 02 21:11:29 UTC 2014  <ninjashogun>   Benkay and I talked on skype extensively btw, you can ask him anything about me, he'll know the basics.

Wed Jul 02 21:11:10 UTC 2014  <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.

Wed Jul 02 21:10:52 UTC 2014  <ninjashogun>   asciilifeform, 23 PM's from people asking about me (or my deal.) So, I thought I would clear things up.

Wed Jul 02 21:10:32 UTC 2014  <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.

Wed Jul 02 21:09:46 UTC 2014  <ninjashogun>   Anyway that's it.

Wed Jul 02 21:09:38 UTC 2014  <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.

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