Crowdfunding the creation of the next version of LFGSS

There's £30 of my christmas money on its way. Don't spend it all on wanky coffee!

I promise not to.

All of the patronage money will go on a combination of wages, rent and the early costs such as the office equipment.

The legal fees have kindly been deferred until after the investment funds have been received. So we can focus the patron money on the things that need it the most today (and that isn't wanky coffee or beer).

I promise not to.

All of the patronage money will go on a combination of wages, rent and the early costs such as the office equipment coffee machine.

The legal fees have kindly been deferred until after the investment funds have been received. So we can focus the patron money on the things that need it the most today (and that isn't wanky coffee or beer).

ftfy

That was brought a long time ago and is one of the things I've given to the cause.

Is there any way to contribute without PayPal. I refuse to use them

Out of interest, and off topic, why?

don't trust them, want too much info to make a payment.

"I promise not to.

All of the patronage money will go on a combination of wages, rent and the early costs such as the office equipment.

The legal fees have kindly been deferred until after the investment funds have been received. So we can focus the patron money on the things that need it the most today (and that isn't wanky coffee or beer)."

Hmmm, would actually feel more comfortable supporting an enterprise that involved wanky coffee and beer. Still, I suppose I could make an exception, if only I could find my wallet.

Where the fuck is my wallet?

Hmmm, would actually feel more comfortable supporting an enterprise that involved wanky coffee and beer. Still, I suppose I could make an exception, if only I could find my wallet.

Where the fuck is my wallet?

I did say pre-investment funds.

Post-investment funds the coffee hopper should be full, as should the beer fridge be.

How else are we going to tempt people down to hack on the API if we can't give them uppers and downers in caffeine and alcohol.

Thanks for the reassurance. Will patron as soon as I find my wallet.

Patroned!

don't trust them, want too much info to make a payment.

Do you get the interest earned from the £50k while due diligence takes place?

Hah, no.

I wish though.

Do they tell you they keep it or is nothing said?

http://rootstartup.com/post/37040619880/8-principles-for-building-products-people-want

I think you've already got most of these sorted, but thought it would be worth a look, Seems to emphasise the point of being quick, and getting constant user feedback

The terms are the funded amount minus the stated fees. No part of that mentions any interest accrued during due diligence and presentation of the termsheet... but what isn't explicitly mentioned is not included, so what interest there is will be theirs.

http://rootstartup.com/post/37040619880/8-principles-for-building-products-people-want

I think you've already got most of these sorted, but thought it would be worth a look, Seems to emphasise the point of being quick, and getting constant user feedback

Yeah, we'll be working to a lot of the principles in the Lean Startup. There are some areas where you can't do this stuff though... but as much as we can break things down into smaller parts and just work on a small part we will do.

Is it me or is it taking a while to get your hands on the filthy lucre?

The terms are the funded amount minus the stated fees. No part of that mentions any interest accrued during due diligence and presentation of the termsheet... but what isn't explicitly mentioned is not included, so what interest there is will be theirs.

Nothing earns interest at the moment. (Unless they are investing your money in risky shares or buying gold with it.)

Is it me or is it taking a while to get your hands on the filthy lucre?

It's taking a while.

Three weeks for the HMRC SEIS stuff.
Two weeks for the Seedrs due diligence prerequisites to be fulfilled.
Then Christmas arrived.
Perhaps a few weeks more whilst the due diligence is performed against what we submitted, and then the termsheet is presented and signed.

We may not actually have the money until early Feb.

Which is why I sent the email about the patronage stuff at http://signup.microcosm.app/

We basically need that to keep the lights on and to get some work done before the actual funds are made available to us.

~~Turns out that I actually did lose my wallet, or so it seems, but managed to patron just now via my paypal account. No idea if the transaction is instant, only I need to cancel all my cards sometime soon… I'm covered by insurance, hence not too worried about anyone milking my bank account, but needless to say I need to demonstrate due diligence.

If my netbank is anything to go by, the money has already gone out; and as we're hardly talking a life changing sum of money here, I'm merely concerned that that my payment might be retracted when I cancel my cards.

Any idea how this shit works, anyone?~~

Edit:
What a fucking palaver... It's sorted though; patronage complete.

When you ring up to cancel your cards they are likely to run through all your recent transactions to identify any suspect ones.

Nothing earns interest at the moment. (Unless they are investing your money in risky shares or buying gold with it.)

They won't be keeping the money squashed under a mattress. It'll be in a bank account so will be getting interest.

qft

VB, out of curiosity, of all the pledges, what kind of percentage followed through with the moolah?