[DJ Samson]

We are in need of additional partners for our 1st investing period. The firm is low-cost and is in place for new/young investors. We specialize in e-commerce and start-up businesses. We will be having a live chat on Monday to find who is interested in joining.

Please visit the forum for more information and for the time/location of the live chat on 1/22:

http://dj13samson.proboards85.com/index.cgi

[akula]

dj, you might wanna talk to some actual vc's about your ongoing forum discussions

some of the things that are being said on your board are beyond absurdity, such at this thread

anyway, you gotta be careful what you wish for. you guys are planning series A rounds of under 100k. the biggest danger, in this scenario is having a successful investment because it's gonna require a series B, C and (possibly) mezzanine finance to fund it's cash burn and expansion

with your existing structure (i.e. no institutional LP's) you won't be able to afford to have a winner

how are you gonna structure your series B and C?

if you're gonna try to syndicate a series B and C, you're just gonna get crammed down because everyone knows the fund has no money (i.e. follow on funding), or reputation capital (i.e. cramming down your fund won't negatively impact the reputation of series B investors)

I'd really like you to consider this and other critical problems in your future discussions with your members.

[DJ Samson]

Akula,

Thank you for your response.

I understand that we are open about some things, but we are that way mostly because we're developing. Most of the current forum members (as our account is being built and we don't have a permanent set of VC members) don't have experience in VC firms - including yours truly.

We're concentrating on internet companies. In their early going I would even like to stay away from retail/wholesale and try to stick with income from advertising and affiliate marketing. Although web design, hosting and maintenance can sometimes add up, this is substantially lower than a non-internet business.

Farrah Gray did something like this when he was 14 years old about six or seven years ago. He had far less resources that we have and he ended up selling a food company for over $1 million.

I do recognize that we are small that's why we are staying small - by starting off with e-commerce businesses that won't break the bank. Once the firm grows a reputation and more income, we will attract more members and a higher investment from current members.

If you'd like to speak more, feel free to e-mail me at djsamson11@frontiernet.net.

Thank You.

[akula]

DJ, I too think that Farrah is a great motivation.

It doesn't really matter how your venture turns out. The fact that you're doing it is gonna take you places and that's all that matters at this stage of the game.

Being in Australia, I obviously won't be able to do to business with you, but if you have questions about venture capital, I'd be able to answer them.

[DJ Samson]

Thank you for your help.

Our VC firm does act mostly online, so if you could join the firm you could transfer your funds into USD when sending it to the investment account. Most of our members are spread out throughout the US and I believe we have one from Canada and another from Australia.