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Crowdfunding a business - methods used so far?

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davidmosk

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Location: Singapore

Looking for links to how bitcoin companies have used btc, alts, or 2.0 coins to crowdfund their projects/businesses.

Looking for things like the LTBCoin, or Safecoin type models rather than kickstarter.

Posted on July 11, 2014 at 4:45 AM

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• sfinder

  

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  Location: canada

  not sure

  Posted on July 11, 2014 at 5:14 AM
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• NathanWyss

  

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  @davidmosk Looking for links to how bitcoin companies have used btc, alts, or 2.0 coins to crowdfund their projects/businesses.

  Looking for things like the LTBCoin, or Safecoin type models rather than kickstarter.

  Did you see genercoin.org?

  Posted on July 11, 2014 at 8:09 AM
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• lulysm

  

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  Do not understand exactly what are you looking for but check : Swarm, Crypti, Bitshares, NEM – to name a few, from the top of my head.

  Posted on July 11, 2014 at 10:06 AM
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• optictopic

  

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  I'd keep a close eye on tatiana and future projects she may work on with counterparty. This Idea of multi tiered funding is awesome. So you have xpc which is the counterparty coin which is built on top of bitcoin. Then with the xcp you can fund the hypothetical Tatiana Studio Coin which can be used to fund a particular Tatiana Studio Artist Coin which could be used to fund a specific Tatiana Studio Artist Coin Project. Each of these coins would pay out dividends based on an open verifiable algorithm. Pretty awesome concept.

  Posted on July 11, 2014 at 12:11 PM
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• shopnhowler

  

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  There are so many projects out there whose purpose is to bring funding to the token creators. What about something in the reverse? Like investing in people to go learn part-time to build crypo tools?

  Posted on July 11, 2014 at 11:05 PM
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• davidmosk

  

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  Great stuff- I am just looking for all sorts of different models. Regular crowdfunind may not be allowed in certain jurisdictions In Singapore, we are limited to 50 investors or 1mil I think for share issuance. So some sort of token method may be usable.

  Off topic: The idea of investing in an individual is quite interesting too- reminds me of Warren Buffet's ' Imagine that you can invest in one of your classmates, and be entitled to 10% of their future earnings. Who would you choose?' - What if you could crowdfund a student loan in exchange for a % of their income in the future?

  Posted on July 13, 2014 at 6:40 PM
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• rotalumis

  

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  @davidmosk Have you seen this recent article on LTB?

  Crypto for Change - Fund Your Game, Community or Project with Digital Tokens.

  Hope it's of use!

  Posted on July 25, 2014 at 10:25 AM
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• edd

  

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  Location: San Antonio, Texas

  I've mentioned this before here somewhere. I've always had the hope in the back of my mind that I might someday use the LTBCoin model to open up a physical BitBrew cafe.

  Imagine if I issued one million BitBrew tokens at 0.005 BTC each (about 30 cents at the current market rate), raising $300,000. After the cafe opens for business, I would then accept one BitBrew token for one cup of coffee, normally valued around $2. Now, holders of the tokens could either redeem them for a cup of coffee or sell them somewhere between $0.30 and $2.00 for a profit - everyone wins and I don't have to worry about the SEC thinking I'm selling shares in my business.

  Posted on July 25, 2014 at 5:25 PM
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• shopnhowler

  

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  @edd I've mentioned this before here somewhere. I've always had the hope in the back of my mind that I might someday use the LTBCoin model to open up a physical BitBrew cafe.

  Imagine if I issued one million BitBrew tokens at 0.005 BTC each (about 30 cents at the current market rate), raising $300,000. After the cafe opens for business, I would then accept one BitBrew token for one cup of coffee, normally valued around $2. Now, holders of the tokens could either redeem them for a cup of coffee or sell them somewhere between $0.30 and $2.00 for a profit - everyone wins and I don't have to worry about the SEC thinking I'm selling shares in my business.

  Very creative, I like it. I would be interested a few things:

  1. Issuance model - If BitBrew tokens set originally, it's important to know whether BitBrew cafe has x tokens at the end of the presale that the cafe could sell later.
  2. That BitBrew cafe sells the coffee for always 1 BitBrew token.
  3. That BitBrew always sells the BitBrew tokens back at a certain price, because the cafe will be in competition with the investors after a certain point. Or, would it be equivalent to return back to normal payments after the investors all sell their tokens? Would the cafe pay its bills in fiat or crypto?

  What I like the best is the another form of cryptoequity where the cafe's future is tied to the investors. For example, the value of the cup is not set, so it could be potentially worth more.

  Posted on July 25, 2014 at 8:44 PM
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