Personal Finance

Cardboard boxes

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  • Jan 1st, 2015 8:39 pm
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Member
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Jan 20, 2013
480 posts
269 upvotes

Cardboard boxes

Cardboard boxes
Last edited by onquest on Jun 24th, 2019 1:44 pm, edited 1 time in total.
18 replies
Deal Expert
Aug 22, 2011
41801 posts
30056 upvotes
Center of Universe
LOC - fairly low rate and you pay when you want
Parents/Friends - generally no interest and you should pay back as soon as possible
Crowd funding - free money
Dragon's Den - be prepared to give up 50% equity to Kevin!
Deal Addict
Sep 20, 2014
1637 posts
852 upvotes
Toronto, ON, CA
I'll give you $10K for 51% of your company along with a 12% royalty till I get my money back followed by a 6% perpetuity.
Sr. Member
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Oct 8, 2005
811 posts
38 upvotes
Im going to go in with 2009M5 on this deal.
Deal Expert
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Jul 30, 2007
33237 posts
21167 upvotes
Toronto
go to social media to raise funds ;)
Deal Addict
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Apr 4, 2004
3983 posts
437 upvotes
Toronto
vkizzle wrote: LOC - fairly low rate and you pay when you want
Parents/Friends - generally no interest and you should pay back as soon as possible
Crowd funding - free money
Dragon's Den - be prepared to give up 50% equity to Kevin!
This...but if 2009M5 and Superboot will have me, I may be willing to join. I have a broad network that could really help with distribution, as well as some key contacts to develop customized analytics in order to help you succeed quickly.
Banned
May 12, 2004
9756 posts
4136 upvotes
Ottawa
2009M5 wrote: I'll give you $10K for 51% of your company along with a 12% royalty till I get my money back followed by a 6% perpetuity.
I'll take you up on that offer!
Sr. Member
Nov 5, 2013
624 posts
122 upvotes
2009M5 wrote: I'll give you $10K for 51% of your company along with a 12% royalty till I get my money back followed by a 6% perpetuity.
u are kissing your 10k goodbye
Newbie
Aug 10, 2014
17 posts
1 upvote
Red Deer, AB
vkizzle wrote: Dragon's Den - be prepared to give up 50% equity to Kevin!
Actually O'Leary is not on the show anymore. To be honest I lost interest in the show now that he's gone but still watch from time to time. Though you can expect to give up 51% to Mr. Boston Pizza.
Deal Expert
Aug 22, 2011
41801 posts
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Center of Universe
BigFatFeta wrote: Actually O'Leary is not on the show anymore. To be honest I lost interest in the show now that he's gone but still watch from time to time. Though you can expect to give up 51% to Mr. Boston Pizza.
Didn't know that, but haven't watched DD in a while, as I've been tuning mostly to ST.
Banned
Jul 3, 2013
1508 posts
300 upvotes
I like your business and I really like your story. But at $10k for a 50% stake you are valuing your business at $20k. You have no sales and are below 5'9 so I have no idea how you came up with those numbers. Either grow to 6 feet tall or I will not invest in your business.
Deal Addict
Nov 17, 2004
3236 posts
1612 upvotes
FutureCEO wrote: I like your business and I really like your story. But at $10k for a 50% stake you are valuing your business at $20k. You have no sales and are below 5'9 so I have no idea how you came up with those numbers. Either grow to 6 feet tall or I will not invest in your business.
Lol that's gold.
Deal Addict
Sep 20, 2014
1637 posts
852 upvotes
Toronto, ON, CA
I'm a disciplined financial investor, and there is nothing proprietary to invest in here.
Deal Addict
Dec 21, 2010
1864 posts
1174 upvotes
GTA
Get a job.

I'm pretty sure a student can work...so I don't understand what's stopping you?
Award Winning Realtor - I LOVE MY JOB!!
At the end of the day, you're the boss and need to make sure I'm worth your rate of pay!
Deal Fanatic
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Sep 23, 2009
7083 posts
5213 upvotes
Very hard for a student with no assets in the business to get a loan.

So, you are likely looking at going to the Bank of Dad.

In addition, I would think that this entrepreneur grant would want you to have money in the business as well.

Basically, until you prove that your ideas can generate cash, it's your Father's business that you put your name on.

If your father won't help you, you will have to get a job and do a little saving first.

Don't be discouraged by all of this. You have an idea and know what you want, just need to work for someone else first.

Many successful people started like that and there is no shame in it. They start off working for someone else full-time, start their own business part-time and once/if successful, they turn the part-time business into a full-time one.

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