Seeking Funding for a new social media website, Great returns!

**mackeymike** · 02-01-2009 12:47 PM

Hi, my name is Michael Johnston and I am seeking funding for a new social media website that is currently in the seed stage, the website will be a launching pad for musicians that will allow them to integrate more efficiently with their fans and gain more followers. There will be alot of work that will be involved in the website that will allow musicians to boost their profits 200%+. We project sales to be $3.25 million in the first year, $5.48 million in the second year and $7.19 million in the third year with a steady increase of 31% in profits every year after that. I had the company appraised and in 3 years it will have a networth of $147 million. If anyone is interested please PM me and I will furnish you with an executive summary or business plan for you to review for consideration.

Thank you very much for your time,
Michael Johnston

**SIMPLEROBB** · 02-01-2009 02:09 PM

Glad you're here Mike. Would this be more like myspace?

**mackeymike** · 02-01-2009 05:54 PM

not exactly, its more of a place where bands can expand their fan base to an extent that is not currently available and we are incorporating alot of features that will allow the bands to make more money and recieve more exposure. Thats all I can really say without letting out the secrets of the website.

**SIMPLEROBB** · 02-01-2009 05:55 PM

Originally Posted by mackeymike

not exactly, its more of a place where bands can expand their fan base to an extent that is not currently available and we are incorporating alot of features that will allow the bands to make more money and recieve more exposure. Thats all I can really say without letting out the secrets of the website.

Ok. Thanks Mike.

**EC44** · 02-01-2009 07:07 PM

I am going to sell cookies on the street, the first year I predict sales of 1.4 million, the second, of 1.9 million with a steady increase thereafter; however, my numbers are totally arbitrary as my niche area is filled with tons of competition and nothing sets me aside from the rest. My cookies are clearly 200% better than my competitions, so therefore it sets me aside, you know, everyone wants cookies. I just had my company appraised before it even started, it`s worth 30 million.

Would you like to invest?

...Ahem, sound familiar?

**SIMPLEROBB** · 02-01-2009 07:10 PM

Originally Posted by EC44

I am going to sell cookies on the street, the first year I predict sales of 1.4 million, the second, of 1.9 million with a steady increase thereafter; however, my numbers are totally arbitrary as my niche area is filled with tons of competition and nothing sets me aside from the rest. My cookies are clearly 200% better than my competitions, so therefore it sets me aside, you know, everyone wants cookies. I just had my company appraised before it even started, it`s worth 30 million.

Would you like to invest?

...Ahem, sound familiar?

I get your point. To Mike: It wouldn't be possible to get appraised without actually producing a product/service. Who did the appraisal?