In January I got involved in Crowdfunding. Not the American socialistic perk based variant , but the real equity based version. I got some shares in a Company called Bstriker.com, based on a promising YouTube video and an anonymous tip. The “IPO” was arranged by Dutch equity CrowdFund specialist Symbid.com.
So did up I have fun, did I learn anything? you bet!
– It is great fun being involved in a start up, lots of things going on
– it is VERY important that the entrepreneur KNOWS what he or she is doing, that there is a PLAN and a realistic BUDGET
– communication with the investors is very important to gain trust
– small companies can do what Fortune 500 companies can’t : make a plan on a budget, execute ahead of schedule and instantly react to opportunities
– If you are lucky your investment will be used wisely to deliver a working product or service in (or ahead of) time
– If you as an investor have skills that the entrepreneur lacks or doesn’t have time for, offering a hand can do miracles, you almost become part of the team.
I learnt what “burn rate” means (it’s not about Entrepreneurs buying Tesla’s and organizing fancy press parties, costing millions a month). It is the amount of money spent monthly on getting the best programmers in South America to deliver, on an amazing schedule, product after product until the complete service is ready for sale. This only works if you have a CFO who knows what it means to count beans.
Well, here “we” are: Bstriker is ready to launch, customers queuing up. Shares are traded within the coop at ten times initial rates, so I could sell 10% and be safe but…… I won’t !!!
I have too much fun with my coop friends, and we’re going to ride this wave to the horizon. Looks like I did invest early in the next Whatsup.
This Dutch-Argentinian company sells a software service to be used in software testing departments. It is aimed at improving testing, speeding up testing, lowering costs. It will disrupt the testing market once our magic is released : automatically finding and reporting bugs.
Users of Bstriker software will get real time status information about the testing schedule and results. Testers and developers share the same information, feedback is instant.
Why you haven’t heard of Bstriker.com? Well, we’ve done something unknown in Silicon Valley : we don’t make wind and don’t deliver, we build, deliver, go to market and THEN party.
Interested? Ask for a demo: you’ll be amazed!
Twitter : @JohnBerkeljon or myself @LarsBoelen
Email : John@bstriker.com