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Guys I pitched this idea to another buddy who like Mark is starting a
toy enterprise (my buddy Mike).  I think he came up with a refinement
that gets past all the exchange legal concerns jamie raised.

BackMe.com is the eBay of limited partnerships; a peer to peer
clearinghouse connecting would be entreprenuers with millions of
potential limited partnership investors.  It's the people's IPO.  The
entrepreneur posts his value proposition (ex: I need 10K to start my
toy co.) the number of limited partner shares and units (10K $1.00
shares in $100 units) when the IPO gets fully subscribed (as shown in
a subscription fulfillment histograph), the
investors then become limited partners in an actual legal agreement (EX:
via Legal Zoom) with the entrepreneur.

There can be a seperate secondary eBay or Craig'slist style market
where investors can post their partnerships if they want to sell them,
but the stock exchange idea is gone.

Where we make money:  Listing fees, transaction fees, escrow fees,
legal fees (in agreement with Legal Zomm for ex) plus we could get a
percentage of all the equity.

Let me know what you think.  I think my buddy cracked this open...

 
    

Guys I pitched this idea to another buddy who like Mark is starting a
toy enterprise (my buddy Mike).  I think he came up with a refinement
that gets past all the exchange legal concerns jamie raised.

BackMe.com is the eBay of limited partnerships; a peer to peer
clearinghouse connecting would be entreprenuers with millions of
potential limited partnership investors.  It's the people's IPO.  The
entrepreneur posts his value proposition (ex: I need 10K to start my
toy co.) the number of limited partner shares and units (10K $1.00
shares in $100 units) when the IPO gets fully subscribed (as shown in
a subscription fulfillment histograph), the
investors then become limited partners in an actual legal agreement (EX:
via Legal Zoom) with the entrepreneur.

There can be a seperate secondary eBay or Craig'slist style market
where investors can post their partnerships if they want to sell them,
but the stock exchange idea is gone.

Where we make money:  Listing fees, transaction fees, escrow fees,
legal fees (in agreement with Legal Zomm for ex) plus we could get a
percentage of all the equity.

Let me know what you think.  I think my buddy cracked this open...

Oh yeah,

I like the ground rules too. Not a problem for me.

-Mark










--- In Dogthink@yahoogroups.com, "launchjamie" <launchjamie@...> wrote:
>
> Nice job Tony,
>
> I think ground rules are very important and it is always good to get
> these things laid out up front.
>
> I don't have any issue with these rules, but that being said...I'll
> leave the floor open to the other members for their comments or
> additions.
>
> I would like to add...that while I agree with all of Tony's points,
> there are two that I especially like.  The first being the idea of
> positve work space.  I feel it is very important to respect all
> members, and as such, treat each other with respect.  While this
> does not mean we can't give honest opinions, it simpley means we
> should be respectful in our dissagreements...as I'm sure there will
> be many...disagreements and challenges are key to working through
> any idea.
>
> The other is that I really like the idea of posting upfront what is
> to be considered dogthought and what isn't.  I hope all members feel
> free to post any idea or thought for comment and simply post upfront
> whether it is meant to be dogthought or private.
>
> ok...enough of my babbling...
>
> please let me know what you think and I'll try to put together a
> charter or something.
>
> Thanks
>
> Jamie
>
> --- In Dogthink@yahoogroups.com, "hilevels" <hilevels@> wrote:
> >
> > Thx Jamie for setting this up.  I'd really like to work on some
> ideas
> > with you guys, and if we come up with some winners, exploit them
> > together.  To facilitate that, before we get started, let's all
> agree
> > on some ground rules.  Here are 5 from me:
> >
> > 1.  The purpose of this board is for us to find and develop value
> > propositions we might all be able to build and exploit together and
> > equally.  Any ideas posted on here, no matter the origin, become
> the
> > equal intellectual property of the subscribers unless specifically
> > posted as NOT communal dogthink property.  So, if you have an idea
> > that you don't want to share equally, but just want some
> dogthoughts,
> > go ahead and post it here, BUT BE CLEAR IT"S JUST YOUR THING ONLY,
> and
> > don't necessarily expect much dogthinking beyond the cursory "help
> a
> > brother out" type of thing.
> >
> > 2.  In for a dime in for a dollar.  No matter how much (or little)
> > work any one Dogthink member does on any idea developed here,
> shares
> > are divided equally among us.
> >
> > 3.  Since we are trying to build long-lasting value props, as the
> > charter members, Tony, Jamie, Andy, and Mark must unanimously
> agree on
> > any new dogthink subscribers.  Afterall, it's share and share alike
> > here, so let's not bring anyone in whom we wouldn't necessarily
> want
> > to be in biz with, for richer or poorer.
> >
> > 4.  No sniping at other dogs' ideas.  The aim of this board is the
> > free flow and consideration of all dogthought. So no offending on
> > purpose, although no need to pull punches either.
> >
> > 5.  Pack leaders. While all ideas are equal property of all
> dogthink
> > members, leadership roles and responsibilities need to be defined
> on a
> > case-by-case basis.  The originator of a value proposition posted
> and
> > developed here will have first preference in leading development
> and
> > exploitation of his or her idea, but all decisions are subject to
> > majority dogthink member vote.  In case of a tie vote, the
> originator
> > will have the deciding vote.
> >
> > What do you guys think?  What other ground rules should we
> establish?
> >
>

Hey Guys,

Thanks for setting this up.

I was trying to find a way to easily create a value proposition for
the customer.  I came up with a preferred stock method of funding a
company.  In the attached spread sheet I set up an example.  Maybe it
will spark some more ideas.  The key thing I was trying create is a
quick value prop like "purchase 1 share at $200 today, earn 10%
interest, and $600 buyout in year 3", and then move on to describe how
this will happen.  The attachement is in the "Files" folder of the
message board.  Let me know if it uploaded alright.

-Mark

 
 

hey guys,
 
I heard back on the backme.com domain name.
 
They want $7,500 for it.  Although that isn't a bad price, I told him it was too high.  
 
I think we would need to be quite a bit further before commiting to that kind of price.

----- Original Message ----
From: launchjamie <launchjamie@...>
To: Dogthink@yahoogroups.com
Sent: Sunday, June 25, 2006 10:10:44 PM
Subject: [Dogthink] Re: Thanks Jamie, and ground rules

Nice job Tony,

I think ground rules are very important and it is always good to get
these things laid out up front.

I don't have any issue with these rules, but that being said...I'll
leave the floor open to the other members for their comments or
additions.

I would like to add...that while I agree with all of Tony's points,
there are two that I especially like. The first being the idea of
positve work space. I feel it is very important to respect all
members, and as such, treat each other with respect. While this
does not mean we can't give honest opinions, it simpley means we
should be respectful in our dissagreements. ..as I'm sure there will
be many...disagreement s and challenges are key to working through
any idea.

The other is that I really like the idea of posting upfront what is
to be considered dogthought and what isn't. I hope all members feel
free to post any idea or thought for comment and simply post upfront
whether it is meant to be dogthought or private.

ok...enough of my babbling...

please let me know what you think and I'll try to put together a
charter or something.

Thanks

Jamie

--- In Dogthink@yahoogroup s.com <mailto:Dogthink%40yahoogroups.com> , "hilevels" <hilevels@.. .> wrote:
>
> Thx Jamie for setting this up. I'd really like to work on some
ideas
> with you guys, and if we come up with some winners, exploit them
> together. To facilitate that, before we get started, let's all
agree
> on some ground rules. Here are 5 from me:
>
> 1. The purpose of this board is for us to find and develop value
> propositions we might all be able to build and exploit together and
> equally. Any ideas posted on here, no matter the origin, become
the
> equal intellectual property of the subscribers unless specifically
> posted as NOT communal dogthink property. So, if you have an idea
> that you don't want to share equally, but just want some
dogthoughts,
> go ahead and post it here, BUT BE CLEAR IT"S JUST YOUR THING ONLY,
and
> don't necessarily expect much dogthinking beyond the cursory "help
a
> brother out" type of thing.
>
> 2. In for a dime in for a dollar. No matter how much (or little)
> work any one Dogthink member does on any idea developed here,
shares
> are divided equally among us.
>
> 3. Since we are trying to build long-lasting value props, as the
> charter members, Tony, Jamie, Andy, and Mark must unanimously
agree on
> any new dogthink subscribers. Afterall, it's share and share alike
> here, so let's not bring anyone in whom we wouldn't necessarily
want
> to be in biz with, for richer or poorer.
>
> 4. No sniping at other dogs' ideas. The aim of this board is the
> free flow and consideration of all dogthought. So no offending on
> purpose, although no need to pull punches either.
>
> 5. Pack leaders. While all ideas are equal property of all
dogthink
> members, leadership roles and responsibilities need to be defined
on a
> case-by-case basis. The originator of a value proposition posted
and
> developed here will have first preference in leading development
and
> exploitation of his or her idea, but all decisions are subject to
> majority dogthink member vote. In case of a tie vote, the
originator
> will have the deciding vote.
>
> What do you guys think? What other ground rules should we
establish?
>


 
    

Nice job Tony,

I think ground rules are very important and it is always good to get
these things laid out up front.

I don't have any issue with these rules, but that being said...I'll
leave the floor open to the other members for their comments or
additions.

I would like to add...that while I agree with all of Tony's points,
there are two that I especially like.  The first being the idea of
positve work space.  I feel it is very important to respect all
members, and as such, treat each other with respect.  While this
does not mean we can't give honest opinions, it simpley means we
should be respectful in our dissagreements...as I'm sure there will
be many...disagreements and challenges are key to working through
any idea.

The other is that I really like the idea of posting upfront what is
to be considered dogthought and what isn't.  I hope all members feel
free to post any idea or thought for comment and simply post upfront
whether it is meant to be dogthought or private.

ok...enough of my babbling...

please let me know what you think and I'll try to put together a
charter or something.

Thanks

Jamie

--- In Dogthink@yahoogroups.com, "hilevels" <hilevels@...> wrote:
>
> Thx Jamie for setting this up.  I'd really like to work on some
ideas
> with you guys, and if we come up with some winners, exploit them
> together.  To facilitate that, before we get started, let's all
agree
> on some ground rules.  Here are 5 from me:
>
> 1.  The purpose of this board is for us to find and develop value
> propositions we might all be able to build and exploit together and
> equally.  Any ideas posted on here, no matter the origin, become
the
> equal intellectual property of the subscribers unless specifically
> posted as NOT communal dogthink property.  So, if you have an idea
> that you don't want to share equally, but just want some
dogthoughts,
> go ahead and post it here, BUT BE CLEAR IT"S JUST YOUR THING ONLY,
and
> don't necessarily expect much dogthinking beyond the cursory "help
a
> brother out" type of thing.
>
> 2.  In for a dime in for a dollar.  No matter how much (or little)
> work any one Dogthink member does on any idea developed here,
shares
> are divided equally among us.
>
> 3.  Since we are trying to build long-lasting value props, as the
> charter members, Tony, Jamie, Andy, and Mark must unanimously
agree on
> any new dogthink subscribers.  Afterall, it's share and share alike
> here, so let's not bring anyone in whom we wouldn't necessarily
want
> to be in biz with, for richer or poorer.
>
> 4.  No sniping at other dogs' ideas.  The aim of this board is the
> free flow and consideration of all dogthought. So no offending on
> purpose, although no need to pull punches either.
>
> 5.  Pack leaders. While all ideas are equal property of all
dogthink
> members, leadership roles and responsibilities need to be defined
on a
> case-by-case basis.  The originator of a value proposition posted
and
> developed here will have first preference in leading development
and
> exploitation of his or her idea, but all decisions are subject to
> majority dogthink member vote.  In case of a tie vote, the
originator
> will have the deciding vote.
>
> What do you guys think?  What other ground rules should we
establish?
>

Thx Jamie for setting this up.  I'd really like to work on some ideas
with you guys, and if we come up with some winners, exploit them
together.  To facilitate that, before we get started, let's all agree
on some ground rules.  Here are 5 from me:

1.  The purpose of this board is for us to find and develop value
propositions we might all be able to build and exploit together and
equally.  Any ideas posted on here, no matter the origin, become the
equal intellectual property of the subscribers unless specifically
posted as NOT communal dogthink property.  So, if you have an idea
that you don't want to share equally, but just want some dogthoughts,
go ahead and post it here, BUT BE CLEAR IT"S JUST YOUR THING ONLY, and
don't necessarily expect much dogthinking beyond the cursory "help a
brother out" type of thing.

2.  In for a dime in for a dollar.  No matter how much (or little)
work any one Dogthink member does on any idea developed here, shares
are divided equally among us.

3.  Since we are trying to build long-lasting value props, as the
charter members, Tony, Jamie, Andy, and Mark must unanimously agree on
any new dogthink subscribers.  Afterall, it's share and share alike
here, so let's not bring anyone in whom we wouldn't necessarily want
to be in biz with, for richer or poorer.

4.  No sniping at other dogs' ideas.  The aim of this board is the
free flow and consideration of all dogthought. So no offending on
purpose, although no need to pull punches either.

5.  Pack leaders. While all ideas are equal property of all dogthink
members, leadership roles and responsibilities need to be defined on a
case-by-case basis.  The originator of a value proposition posted and
developed here will have first preference in leading development and
exploitation of his or her idea, but all decisions are subject to
majority dogthink member vote.  In case of a tie vote, the originator
will have the deciding vote.

What do you guys think?  What other ground rules should we establish?

Welcome to the Board,

Please use this board to help us think through ideas we come accross.
Remember, there are no dumb questions...