elvis10ten: In respect to the
above topic i sincerely
need an investor that can
invest in Xmx Me. Xmx Me
is a mobile application
that enable people to send
sms/bulk sms at 2 naira
with their mobile phone. We currently have only a j2me application, we plan on expanding to other platforms. We have been running for 5 months.
The website is
www. . We currently have 8293 members. Xmx Me has
some unique features,
more will be added after
the investment because
they need money to
implement. Some of the
features are: 1)It has a
light and easy to use ui. 2)
It uses little bandwidth
thereby minimizing
bandwidth cost. 3)It has a
phone book utility option
which allows mass selection
of numbers from the phone
book/contacts. 4)It has a
service page which is
dynamic and can offer
things like jokes, fixtures,
etc. We need the money to
expand to other platforms,
create a web app, expand
to other countries and to
implement our new ideas. The total expense will be 250,000. If
you are interested Contact
me through my
email: elvis.chidera@
gmail.com or post here.
Thanks

Brand_new: I'd be much interested if you have the BlackBerry version and your chances of success will be enhanced with the Android version also available.

manie:


Can you present your audited result for the past 3 years, who are the members of the your board, what are you mission statement and vision, what is your corporate culture like, what is the pedigree of the promoter, etc.

elvis10ten: . @ sir manie, i said we are just a 5 months old start-up.

manie:

Then your business will run more on sweat equity, debt, personal savings and investment by close friends and relatives.

Investors will want to structures, systems, policies and pedigree to be in place before their commit their funds.

At the current state and phase of your business, I will advise you to be close to your bank manager because he may definitely be of help if you speak his language.

NB the language is not Ibo, Hausa, Yoruba , English etc.


If you really understand Business language.

elvis10ten: Then what happened to people who invest in a business idea before it start ?

manie:

Yours friends, brothers, sisters, neighbours, church members and colleagues at work can do that. All investors are capitalists, although some may decide to gamble with about 5% or less of their net-worth or by investing in start ups.

elvis10ten: FOR ME TO COME HERE TO ASK FOR INVESTMENT, YOU SHOULD HAVE KNOWN THAT I HAVE TRIED ALL THIS.

elvis10ten: FOR ME TO COME HERE TO ASK FOR INVESTMENT, YOU SHOULD HAVE KNOWN THAT I HAVE TRIED ALL THIS.

manie:


I am not too sure if you understand the language of business and have the pedigree of success in business, if you do investors funds will be running after you.

I will recommend you attend the entrepreneurial programme of Fate Foundation, try and develop a relationship with you bank and have a successful mentor in that line of business.

manie:


I am not too sure if you understand the language of business and have the pedigree of success in business, if you do investors funds will be running after you.

I will recommend you attend the entrepreneurial programme of Fate Foundation, try and develop a relationship with you bank and have a successful mentor in that line of business.

elvis10ten: i don't know what you are driving to. You said i should seek funds from close friends, relative, etc. I just told you i have done that. You didn't bother to even ask why it didn't work. Why it didn't work was because of my family state, i won't like to explain further.

manie:

There are family members who invested their pension on their son's business, some borrowed on behalf of their brothers etc, just telling you these are the primary source of getting money for start ups, when the business starts growing you can now ask for outside investors.

Who are the first people to invest in Bill Gate's, Dangote's, Buffet's even Seun Osewa's business? It is their family members and personal funds of the promoters.

manie:

There are family members who invested their pension on their son's business, some borrowed on behalf of their brothers etc, just telling you these are the primary source of getting money for start ups, when the business starts growing you can now ask for outside investors.

Who are the first people to invest in Bill Gate's, Dangote's, Buffet's even Seun Osewa's business? It is their family members and personal funds of the promoters.

Brand_new:
Why don't you just encourage him and keep a tab on his progress rather than kill his dreams.

elvis10ten: Am not sure of the story of bill gates family members funding microsoft. But anyway there is a saying which is "UNTILL A FISH ENTERS HOT WATER, IT WON'T KNOW THERE ARE TWO TYPES OF WATER.". Because you are there you will say that, but when you are here you will know whats up. You can't compare me with seun or bill gate, etc. Their beginning and ending is not the same.

manie:

Bill Gate enjoyed free rent when he started sojourn in the world of entrpreneurship, Microsoft started in Bill Gate's dad garage. Bill also had the support of his parents when he dropped out of University.

manie:


Gates was born in Seattle, Washington, to William H. Gates, Sr. and Mary Maxwell Gates. His ancestry includes English, German, and Scots-Irish.[15][16] His father was a prominent lawyer, and his mother served on the board of directors for First Interstate BancSystem and the United Way. Gates's maternal grandfather was JW Maxwell, a national bank president. Gates has one elder sister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth of his name in his family, but was known as William Gates III or "Trey" because his father had the "II" suffix.[17] Early on in his life, Gates's parents had a law career in mind for him.[18] When Gates was young, his family regularly attended a Congregational church.[19][20][21]

At 13 he enrolled in the Lakeside School, an exclusive preparatory school.[22] When he was in the eighth grade, the Mothers Club at the school used proceeds from Lakeside School's rummage sale to buy a Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school's students.[23] Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, "There was just something neat about the machine."[24] After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned four Lakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.[25][26]


Got this from Wikipedia

manie:

Bill Gate enjoyed free rent when he started sojourn in the world of entrpreneurship, Microsoft started in Bill Gate's dad garage. Bill also had the support of his parents when he dropped out of University.

elvis10ten: Xmx Me started in my father's rented room. I enjoy free space and room from him.

manie:


That is very good for a start, just keep on reinvesting your profit, make good use of credits and maintain high integrity in your business dealings the Sky will be your limit in the next 10 years.

cj1080: see the thing with young people today is that when advise is given, if they dont like it,rather than consider it and think on it, they get angry when it doesnt dance to their tune.

Seriously, how would some who doesnt know you invest in a business with no structures that at least will speak for you if people dont know you at face value.

What your asking is just like saying, i have a fish at home please Mr A from abuja send me water so i can add to its tank so it may grow.

what you should be asking is Mr A i have a fish at home, its in a tank, the tank takes 3Days of water before it needs refilling, the fish can grow 100 eggs in 2hours and in two days it will have 45 young fishes. i am looking for a means to get water for it every 3days. for your water i will give 2fish per 6 days.(negiotiations commerces).

What that you have any investors attention.

cj1080: see the thing with young people today is that when advise is given, if they dont like it,rather than consider it and think on it, they get angry when it doesnt dance to their tune.

Seriously, how would some who doesnt know you invest in a business with no structures that at least will speak for you if people dont know you at face value.

What your asking is just like saying, i have a fish at home please Mr A from abuja send me water so i can add to its tank so it may grow.

what you should be asking is Mr A i have a fish at home, its in a tank, the tank takes 3Days of water before it needs refilling, the fish can grow 100 eggs in 2hours and in two days it will have 45 young fishes. i am looking for a means to get water for it every 3days. for your water i will give 2fish per 6 days.(negiotiations commerces).

What that you have any investors attention.

elvis10ten: Please read this. paulgraham