WE'VE MOVED!

We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Options

New Engine Invention

EngineInventorEngineInventor subscriber Posts: 1
edited October 2007 in Elevator Pitches
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 nathangdad@yahoo.com</A>
               Thanks,
                Darwin Nunley
 
· Share on FacebookShare on Twitter Share on Google+

Comments

  • Options
    robertjrobertj subscriber Posts: 0 Member
    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 ).
    · Share on FacebookShare on Twitter Share on Google+
  • Options
    EngineInventorEngineInventor subscriber Posts: 1
    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?
    · Share on FacebookShare on Twitter Share on Google+
  • Options
    robertjrobertj subscriber Posts: 0 Member

    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.
    · Share on FacebookShare on Twitter Share on Google+
  • Options
    EngineInventorEngineInventor subscriber Posts: 1
    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.
    · Share on FacebookShare on Twitter Share on Google+
Sign In or Register to comment.