Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
So if I post my entire business plan, and allocate 20% and keep 80% someone can take my business plan (clone it) and offer a bigger stake and run with my plan?
It is open source software, you cannot stop them except through network effect, social pressure, and perhaps software licenses.
if you put in bold that you allocate 20% to their AGS/PTS
When you create a DAC with Bitshares you have 100% of the shares to allocate to the potential users. If you promise to allocate 20% of these shares, 10% to AGS (AngelShares) and 10% to PTS (ProtoShares) you get the services listed, plus a lot of support from the community.
The incentive for Startups (with little traffic) is to get VClike nodes (with large amounts of traffic) to invest traffic in the startups, so that they can build up their network. In return, the VClike nodes get a share of all future traffic that these startups get. If the VClike nodes do not need more traffic, they can cash out their returns (Traffic) in Bitcoins instead.
The DAC would do several things, 1) Track the traffic of different sites. 2) price the Traffic in some unit 3) allow people to trade Traffic with bitcoin and 4) allow VClike entities to invest Traffic in startups, and allow startups to buy Traffic for a stake in their future traffic.
Is this right, or am I going off the rails here? I think you need to break down your idea further. In particular, if this is right, start by explaining how each of these points could be implemented by a DAC, or DAC in combination with a website or something else.How do I go about starting a DAC around the idea?QuoteI suggest you write out your idea and business-model in a whitepaper and either present it to the community here or, if you want to keep it secret for now, send it to Invictus for review. Invictus are very much encouraging people to create their own DACs, so you're here at the right time.
Yes, I agree about the white paper but because of Bitcoin and now Invictus it seems like I have a lot more tools available for me to utilize. I've been involved with Bitcoin for over a year and have some background with that but am totally new with Bitshares and want/need to explore it's possibilities and applications in the idea. I have no problem putting the idea out to the community so, if it is all right, I'll test the waters of what could be on a white paper here in the forums. One particular issue as the current business model is centralised and I want to use DACs to decentralise as much of it as I can.
Since this is a post about venture capital I'll keep the perspective on the idea of web traffic as capital.QuoteThe incentive for Startups (with little traffic) is to get VClike nodes (with large amounts of traffic) to invest traffic in the startups, so that they can build up their network.The incentive for Startups (with little traffic) would be mostly to get to use the web traffic of the network themselves but they can still use their little bit of traffic they get to market the traffic of the network, too, for income. In addition to their network traffic as a sales tool they also have their customer base and all the other social networks they are involved in. Any one of their acquaintences is a prospective customer and downline. In other words, they don't have web traffic capital but can still invest the little they have and can also invest their "sweat equity" and market the traffic of the larger sites.Quoteso that they can build up their network.When the network is built up every node (high traffic, low traffic etc) benefit because by cooperating they are actually creating a product that didn't previously exist (at least not in such a marketable form). So by "their network" I would say yes, everybody's network. A start up site usually has a long row to hoe before their web site ever has enough traffic to make it worthwhile to market it themselves. Some sites (such as small businesses like barber shops, bakeries, mechanics etc) will never get enough traffic to bother marketing it. This simple script on their site (which I would anticipate web designers will want to install for them) is a free, no maintenance way to capture that capital (i.e. web traffic) that would otherwise just be going to waste. And someone like a barber, who is meeting people all day long, has a perfect opportunity to find other website owners who are probably looking for more traffic to their site.Quotethe VClike nodes get a share of all future traffic that these startups get.Every site (hi or low traffic) are VC so what we want to look at is how they will get a return on their investment. One way is direct sales of the networks web traffic. It would stand to reason that sites with more traffic would be able to sell more traffic and earn more Bitcoin. The second way they earn Bitcoin arises because every site that registers to advertise is also a very likely prospect to recruit to become a node themselves. That prospect is what made me decide to make the commission policy multi-level. So web sites with more traffic will likely recruit more websites and earn more residual income on their downline than the smaller sites would. And both those income streams are long term meaning they continue to earn return each time a buyer pays for advertising.QuoteIn return, the VClike nodes get a share of all future traffic that these startups get. If the VClike nodes do not need more traffic, they can cash out their returns (Traffic) in Bitcoins instead.In return, the VC like nodes get a share of the earnings of the startups nodes advertising sales and everyone in the network gets a share of the web traffic they contribute. In theory a visitor could go to your website, visit the web directory there and happen to pick one of your downlines and go there and register. Inversely, a visitor could go to their site and follow the directory to your site and register there. You would still get long term earnings either way but if the downline actually made the sale they would get a larger share. Web traffic cannot be stored, it can only be diverted or more precisely coaxed into a direction to follow. So the idea is to convert that web traffic into purchased advertising (i.e. Bitcoin) and get it credited and to the earners as quickly as possible.
QuoteOne of the main purposes of Invictus, although it's not entirely clear yet, is to help people create their own DACs. If you join in on honoring AGS/PTS you can get:
•A stipend to work in one of our incubators for a period of time.
•The legal fees to set up your company in its chosen favorable jurisdiction.
•Fully equipped office space at one of our incubator sites.
•Forum and web site support while you build you own base of supporters.
•Crypto-savvy legal, accounting, financial and tax support.
•Use of our trusted escrow services while you are building your own reputation.
•Consulting with Dan “bytemaster” Larimer and our team of innovators.
•Help with finding opportunities to speak at a major conference.
•Promotional support integrated with our own global marketing campaign
See the Invictus February newsletter page 8-10 for more information.
All of the above is sorely needed by me but what do you mean by "If you join in on honoring AGS/PTS you can get: ..."?
I really appreciate all your help.
