New Engine Invention

EngineInventor

Please go to theenergyindependent.com to read a news article by Mr. Maslow about an engine I have invented titled "An Engine for Our Time?".  I would like feedback as to your feelings about offering equity in the LLC to manufacture the engine and a truck for it to power.  Investors would receive one share of stock in the LLC and also a five year dealership for a one time price of $300.00.  5,000 shares to be offered.  Should you not wish to reply in this forum please consider sending an e-mail to [email protected]</A>
               Thanks,
                Darwin Nunley
 

robertj

Darwin,
From what I read in the article, you have a very intriguing invention - certainly one that is "timely".
As to your acquiring capital approach, I would consider the following:

I would separate the dealership and the equity. If you want to sell dealerships - sell those separate from the securities.
I personally think that $300 per unit is high for a start-up.
Be clear about your business model and how your investors will reap the rewards (liquidity event ).

EngineInventor

Thanks for the input.
What do you think would be a good price point for the equity?
What do you think would entice people to sell equity?

robertj

Thanks for the input.
What do you think would be a good price point for the equity?
What do you think would entice people to sell equity?

1. Generally speaking, for a non-revenue startup, I`d think in terms of <$1.00 per unit
2. I`m not clear as to what you are asking in your second question.

EngineInventor

Yes, I quite agree with you concerning the selling of equity.
I have spent time studying the U.S. Security and Exchange
regulations as well as interacting with the proper agencies
of the State of Texas.  Prior to any actual sales, I will work
with an attorney skilled in this area to ensure legality for all
invoved.  At this point in working with Startup Nation I
am seeking the thoughts of others.