Day 2 – $480, Goals
By Steve Poland • March 28, 2007
$480 total raised. About 50 days left. I’m trying for $20,000 — but minimum is $10,000. Thus, I need to get $200 of contributions per day. I have an option that if a contributor puts up $150+, they get to post their logo and add additional descriptive text. I’m going to start randomly displaying these on the sidebar of every webpage — to encourage business sponsors (essentially buying ad placement). Would be great to find 75 of these type of sponsors (1.5 per day).
Spoke to Jay Parkhill (lawyer) — I have to stay away from giving up equity, promissory notes (if the business isn’t a success, then it would definitely have to be shut-down, and I obviously wouldn’t be held personally responsible for getting money back into people’s hands — but anyhow, I don’t want to think about people putting up money and expecting anything more than some lessons learned from the community and advisors I have lined up. If the business actually launches, and isn’t a success — I think we’d all come out of it with some lessons learned that were worth a $10 contribution).
Still hopeful. Please help spread the word by emailing colleagues, posting on your blog, or better yet — reaching out to any businesses that you think might be interested in (essentially buying) ad/logo placement on the site.
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