[AussieGreg]

Easy Question,
Australian Investment Network http://www.australianinvestmentnetwork.com/
I posted a listing as per below and had a reply about 5 hours later from an interested party, is this site above board or are they just out to rip people off, yea i'm a sceptic when it comes to the web. ???

I know what a few of you are thinking, sure my listing isn't great in the wording, I'm a dumb software developer with a passion for my work, and only took english because the teacher was hot.


Thanks in advance for taking the time to read and reply.


Gaming Analysis software, for use by Casinos, Clubs and Hotels throughout Queensland Northern Territory, Tasmania, New Zealand and several other countries. In the next 3-5 years New South Wales, Victoria and South Australia. The Titan software works in a real time mode, monitoring meters and events from each Pokie Machine in a venue, the way in which Titan collects this information is extremely unique, this one feature gives us a position in the market, in some cases with no competition.

I have been in this field for the last 10 years, my previous software is in over 500 venues, generating $1,000,000 profit.
The software was officially released about September 2005, our current client base is over 40 venues throughout Queensland.
Charging for the software license is on a per Month per Pokie Machine, obtaining 15% of the current market, would generate $4,000,000 per year.
Titan has 65 features over our nearest competitor and is the only software that is fully compliant with existing Government regulations.
Urgent investment is needed to secure further venues in Queensland.
Saturn Software is waiting for written approval from the New Zealand Government, which is due January 2007, further to this Titan has no competitor in New Zealand.
We have so far secured 250 venues in New Zealand.

[Sam Barona]

PM Akula with this one. Best man for this job.

Sam

[akula]

Greg, they are just out to rip people off.

In australianinvestmentnetwork.com’s case, they're just an Adsense site, with no interest or experience in financing software startups in Australia.

I'm in Sydney and I’m unlucky enough to have detailed experience with software start-up funding in Australia. If you really wanna get things done, I'm sorry to tell you, but the process is ALOT more involved than posting some pitch on some site.

I really like your opportunity. It's a great opportunity because it originates with great talent, and if you'd like to talk more about the context, procedures and pitfalls of software commercialisation in Australia, I’d be happy to have this discussion with you.

Alternatively, if you want a comprehensive guide to matchmaking shops in Australia, get the Australian Venture Capital Guide 2006. The last chapter has a comprehensive list of somewhat reputable vendors. Whether they're effective, is another question (of course, they're not). Nevertheless, that's where you go if you have all this spare cash that you don't mind being separated from.

btw: you can get that book in your library

[akula]

Originally Posted by Sam Barona

PM Akula with this one. Best man for this job.

Sam

hehe, thanks sam....although I would put a mammoth! disclaimer on that :-)

[jpaynecr]

How much do you need. Email me at jpaynecr@mac.com

[Sam Barona]

DICLAIMER: Previous quality of Akula's advice does not necessarialy mean good quality of future advice. Akula's advice does not in any way represent the views of Samuel Barona, his companies of their employees. Quality of advice on these forums might go up as well as down, seek professional advice if you want to pay for simialr advice in nice packaging. paid advice is available from Samuel Barona on a fist come first served basis. Claim a free house plant if you order before today; conditions apply.

happy with this disclaimer?

Sam

[akula]

hehe, here's my one:

DISCLAIMER: Daniel is basically clueless, and everything he says is probably wrong. If you want to negate this nagging feeling of uncertainty that you might be getting bad advice, you should PAY Daniel for his advice. PAYING Daniel will make you feel like you bought advice from an expert, and you'll be able to blame Daniel for everything that goes wrong.

[Sam Barona]

LOVE IT!

Addage: The more you PAY Danniel the more value you will place to this advice, so the more value for money you will receive. Danniel is also available for negligent advice disputes relating to his previous advice and at a considerably higher fee than the one paid previously. Conditions apply. Please seek professional psychological advice after receiving advice from Danniel, it wont get you your money back, but the the heavy doses of Valium they prescribe you will make all your problems seem irrelevant.

[Newton]

If you are already successful in this field, can't you just sell the software to the same companies? Where's all your contacts gone?

[AussieGreg]

Thanks for the replies gents,
As far as selling the software goes, to me this isn't an option as I want to have a continous revenue stream eg 1 of our clients, their monthly fee is $866.25.

Akula any thoughts or comments are appreciated and would like to talk further but just don't know where to start.

By the way have been sent a second message from AIN claiming a potential investor wants to talk to me.

[akula]

Post one of the suggested questions, when you get over the excitement :-)

If you go to any event like AVCAL's xmas party, or one of the dinners 2.0, you won't have a difficulty getting loookie loookies from all sorts of peeps - and not just one, but dozens. That's what what fund managers do - they check things out. They go through over 1,000 pitches a year like this and pick less than 10.

Of course, as you will soon find out, these kinds of stranger meets stranger hookups, mean absolutely nothing. The callbacks you're getting are the equivalent of a guy checking out a busty broad walking across the road in the opposite direction. With equity deals, you're trying to create a marriage, and these kind of spontaneous interactions between people who don't know each other, are hardly a start of a lasting, good relationship.

Anyway, when you're ready - there's 4 questions to ask:

1) How do software startups get financed in Australia?
2) What is an investor?
3) What is the secret to raising money?
4) What should I do next?

If you start by asking q1, and relating to your own experience, I will guide you through all the issues, arrive at Q's 2,3,4 and put you in a position where you know what to do next in order to finance your shop.