4 ms·

I think many of you are missing the forest for the trees. If the idea were profitable, I wouldn't be looking for seed money. If the implementation of my idea

I think many of you are missing the forest for the trees. If the idea were profitable, I wouldn't be looking for seed money. If the implementation of my idea were very refined, then it would be a mature product and not a working prototype. The idea now is a working prototype of a site where users can create lists of videos. That's all the idea is supposed to be. Right now, it's very rough around the edges with lots of usability issues. That's why I need seed money to work on it and make it user-friendly, add features, move features, etc. If I may paraphrase Paul Graham, implement an idea that the founder himself needs. In my case, it's lists of videos I can find all over the Internet. To quote Paul Graham again, release early, release often, and surprise your users by constantly listening to them and revising the product.

LabSlice 16y ago
Every startup has the chicken and egg problem -- It's worth a million dollars, but only if it had the customers/dollars/advertising/partnerships to make it succeed. You've obviously got belief and vision for the project, which are great traits to have. But consider yourself being an investor. How do you calculate the ROI? Will giving you $500/week (peanuts) generate a future return of $1,000/week or $20,000/week, or maybe just $10/week? Investors are business people, so they need some way to guesstimate a ROI. If I sponsor you, then how can you convince me that I will at least break even on the investment within the next 2 years?
gallerytungsten 16y ago
How does a band get signed to a contract with a major label? Most often, they play shows. They tour. They put out their own releases. They make money. Success attracts attention. When they have demonstrated value, the big money is attracted. So far, I don't see any value in your site. I think you need to articulate this better, and, you know, actually make some money. If you can't make any money, why should anyone invest?
slouch 16y ago
the average computer user doesn't know what a torrent is, and a google or bing video search is easier for them everytime.

LabSlice 16y ago

Every startup has the chicken and egg problem -- It's worth a million dollars, but only if it had the customers/dollars/advertising/partnerships to make it succeed. You've obviously got belief and vision for the project, which are great traits to have. But consider yourself being an investor. How do you calculate the ROI? Will giving you $500/week (peanuts) generate a future return of $1,000/week or $20,000/week, or maybe just $10/week? Investors are business people, so they need some way to guesstimate a ROI. If I sponsor you, then how can you convince me that I will at least break even on the investment within the next 2 years?

gallerytungsten 16y ago

How does a band get signed to a contract with a major label? Most often, they play shows. They tour. They put out their own releases. They make money. Success attracts attention. When they have demonstrated value, the big money is attracted. So far, I don't see any value in your site. I think you need to articulate this better, and, you know, actually make some money. If you can't make any money, why should anyone invest?

slouch 16y ago

the average computer user doesn't know what a torrent is, and a google or bing video search is easier for them everytime.