baz657
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Post by baz657 on Nov 13, 2015 19:42:50 GMT
I can't help the fact that there is one P2P platform that I am invested in who it seems at least once a week (often more) sends me an email that contains grief and woes about a loan I have through them and they are the one that tell me not to worry as it's all secured on assets. Have I got myself into a mindset where I am thinking if it all goes pear-shaped at least I've got his/hers bricks and mortar that some professional, not forgetting their extortionate fee, can sell off cheap (to maybe another professional... wink-wink) and get me some of my cash back.
What about grass roots then?
When I started on my own *mumble mumble* years ago if somebody (or a crowd) would have given me the five grand I needed to make business easier and more profitable (a lot of money back then and I did ask the banks but....) today that 5k would be worth a lot. I got there eventually (it could have been sooner with that five grand) but why isn't there a web site where potential future business people can go and ask for money? If 10% of them did good we'd still be on a winner and maybe more would do better if we could add a bit of mentoring. Or is there such a place already on the web or in the real world where this happens? (and is kept secret from us all)
I know it's all about finding the right people and all that but if we don't go looking in the first place...
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Post by brokenbiscuits on Nov 13, 2015 20:44:12 GMT
Have a chat to Jason manford, he may let you into his money pit.
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stevio
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Post by stevio on Nov 13, 2015 21:18:09 GMT
What p2p?
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am
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Post by am on Nov 14, 2015 16:54:00 GMT
I can't help the fact that there is one P2P platform that I am invested in who it seems at least once a week (often more) sends me an email that contains grief and woes about a loan I have through them and they are the one that tell me not to worry as it's all secured on assets. Have I got myself into a mindset where I am thinking if it all goes pear-shaped at least I've got his/hers bricks and mortar that some professional, not forgetting their extortionate fee, can sell off cheap (to maybe another professional... wink-wink) and get me some of my cash back. What about grass roots then? When I started on my own *mumble mumble* years ago if somebody (or a crowd) would have given me the five grand I needed to make business easier and more profitable (a lot of money back then and I did ask the banks but....) today that 5k would be worth a lot. I got there eventually (it could have been sooner with that five grand) but why isn't there a web site where potential future business people can go and ask for money? If 10% of them did good we'd still be on a winner and maybe more would do better if we could add a bit of mentoring. Or is there such a place already on the web or in the real world where this happens? (and is kept secret from us all) I know it's all about finding the right people and all that but if we don't go looking in the first place... If you're talking about equity-based crowdfunding there's Seedrs and at least one other site. (I presume no mentoring, but I could be wrong.)
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bigfoot12
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Post by bigfoot12 on Nov 14, 2015 17:35:28 GMT
When I started on my own *mumble mumble* years ago if somebody (or a crowd) would have given me the five grand I needed to make business easier and more profitable (a lot of money back then and I did ask the banks but....) today that 5k would be worth a lot. I got there eventually (it could have been sooner with that five grand) but why isn't there a web site where potential future business people can go and ask for money? If 10% of them did good we'd still be on a winner and maybe more would do better if we could add a bit of mentoring. Or is there such a place already on the web or in the real world where this happens? (and is kept secret from us all) There are lots of places, real and virtual and they are not secret. As well as Seedrs there is Syndicateroom.com. I'm sure that some of those raising funds on these sites would be glad of relevant mentoring. I would have thought that you'd need to be a larger than average investor. Unlike debt P2P it is usually easy to talk to the entrepreneur in person, on the phone, or by email. I have made a few investments on those two sites and I have met most of the people. In most cases the companies are already big enough that I don't have much to offer. Remember that, even before the current expansion about, 50% of these sort of investments failed completely. It could easily be worse than that now. You need 1 in 10 to do so well it pays for most of the rest. Similarly there are lots of real angel clubs; Syndicate Room list some on their site ( some angel networks ). These are working with Syndicate Room, there are many more and there is a UK directory which I can''t remember. I'm not a member of any but I would expect that the smallest investment is likely to be about £20k. I think that mentoring is most welcome in these investments. I know one investor who only invests in those companies he thinks that he can make a difference. See also equities sites on the bottom of this forum.
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am
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Post by am on Nov 17, 2015 11:18:24 GMT
As well as Seedrs there is Syndicateroom.com. The other site whose name I was forgetting is CrowdCube.
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Post by ablrateandy on Nov 17, 2015 12:08:12 GMT
When ablrate finally bores the pants off me I quite like the idea of doing a hyper-local stock exchange that caters to this very need. ie. you would have the Lancashire Stock Exchange that allows established businesses in the area to raise equity in very small size (say 5k-200k). I'd leave the 200k + to the Seedrs/Crowdcubes etc of this world and would far rather have the local chippy raising 5k for a new fryer from us. You'd also be far more likely to achieve sensible "valuations" from those sort of businesses as well as having a lower risk of fraud due to the "local" nature of it. |
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bigfoot12
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Post by bigfoot12 on Nov 17, 2015 12:23:46 GMT
When ablrate finally bores the pants off me I quite like the idea of doing a hyper-local stock exchange that caters to this very need. ie. you would have the Lancashire Stock Exchange that allows established businesses in the area to raise equity in very small size (say 5k-200k). I'd leave the 200k + to the Seedrs/Crowdcubes etc of this world and would far rather have the local chippy raising 5k for a new fryer from us. You'd also be far more likely to achieve sensible "valuations" from those sort of businesses as well as having a lower risk of fraud due to the "local" nature of it. Sounds good, PM me when you launch.
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webwiz
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Post by webwiz on Nov 17, 2015 12:25:26 GMT
I am unclear as to whether the OP refers to a loan or equity.
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bigfoot12
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Post by bigfoot12 on Nov 17, 2015 12:39:53 GMT
I am unclear as to whether the OP refers to a loan or equity. Pretty sure OP is talking about equity "If 10% of them did good we'd still be on a winner". Even Bondora doesn't have a 90% default rate!
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Post by ablrateandy on Nov 17, 2015 13:06:31 GMT
I am unclear as to whether the OP refers to a loan or equity. Pretty sure OP is talking about equity "If 10% of them did good we'd still be on a winner". Even Bondora doesn't have a 90% default rate! * *Information correct as of 17th November 2015
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