Crowdfunding the creation of the next version of LFGSS

note to all... all of the answers to that quiz are in the 'read this before you click 'i accept'' bit of the T's and C's when you sign up for a seedr's account... you did read that, right? ;)

Where's the fun in that.

Investing is a risk. I start as I mean to carry on....

Yes, dilution happens........

The time effort and research you put into your replies never fails to impress me. It's stuff like this which gives me the confidence to back you!

you wish to tick boxes or find your cheque book?

tickbook - cheque

Ah, so the investment process is via a web-site and not a brown envelope in the pub toilets.

^ how the polo sub-forum was founded

Sunday morning and I'm reading a terribly dull and lengthy document on option pools.

Unfortunately not the kind of pool you'd put a dinghy in.

^ thats what I call commitment

Would love to help but since moving out have hardly any P, willing to spare what I can. not too bothered about being a patron.

Most important (can't believe that nobody has brought this up) will we still be allowed to swear on the forum?

A few thoughts about risk. I'm sitting here wondering should I double the commitment I have already promised.
Very sensibly velocio has suggested that we shouldn't invest more than 5% of our investment funds in such a high risk project. That means that if I want to put in £500 I shoulld have almost £10,000 in safe investments elsewhere. It also means I should be happy to lose the £500 if something goes wrong.
For this project being happy to lose it includes being happy enough to stay with the forum, be friendly with Velocio and be prepared to put another lump in when he tries it again. All you really need to know is shown in the seedrs.com registration process.
I then started exploring the SEIS scheme, it's a gold mine. For taxpaying investors you cannot lose. Once the scheme is registered you can claim 50% of value in tax rebate, if it turns a big profit you can avoid capital gains tax, if it collapses and you 'lose' your money you can claim another chunk back as tax break on income

http://www.seiswindow.org.uk/new-investor/

You pay extra for that £1 for each swear word or 10 for £8

No seriously.

Once money starts rolling in I'm concerned the whole banter of the forums would change due to censorship issues etc.

OK, we all rip the piss out of each other and giggle at other's expense, but if this changes then I'm out.

Am signed up to Seeders and ready to invest!

Seedrs website currently down... boo. And now back up again...

I'm gonna need an idiot's guide for this... Help me out, VB... Or anyone else, I'm sure he's busy...

I'm gonna need an idiot's guide for this... Help me out, VB... Or anyone else, I'm sure he's busy...

im gonna need an idiots guide just to donate..

So... heading for £75k voted. Anyone want to bet on £100k potential?

If Seedr approve too quickly I won't be ready...

yeah idjut explanation to this please

Sorry, im a simpleton so can someone explain to me what happens if i invest £500? Im aware that I can potentially lose £500 and Im not expecting instant returns but what feasibly could I gain (apart from a warm fuzzy feeling!)

New forum...Please please, can we have a UI skin option on it so it looks like "work"? I would like to maintain the illusion...

Sorry, im a simpleton so can someone explain to me what happens if i invest £500? Im aware that I can potentially lose £500 and Im not expecting instant returns but what feasibly could I gain (apart from a warm fuzzy feeling!)

at some point in the future (years) Microcosm may be a profitable company.
You MAY then receive dividend payments.

It is also possible that a company would want to buy Microcosm at some point and if that were to happen then you would receive some money for your shares - depending on how much it were purchased for would determine how much you got for you shares.

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None of the above is in any way guaranteed to happen

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Another possibilty is that Microcosm would become a publicly traded company - in which case you would also be able to sell your shares

Oh, so if none of those two happens, I can't get my monies back?

Oh, so if none of those two happens, I can't get my monies back?

correct - it is a very iliquid investment

the seedrs faq covers this better than I can - so I would read it a couple of times if you are contemplating investing to make sure you understand

It also covers share dilution - as further funding rounds would decrease your % share of the company

at some point in the future (years) Microcosm may be a profitable company.
You MAY then receive dividend payments.

It is also possible that a company would want to buy Microcosm at some point and if that were to happen then you would receive some money for your shares - depending on how much it were purchased for would determine how much you got for you shares.

####

None of the above is in any way guaranteed to happen

####
Another possibilty is that Microcosm would become a publicly traded company - in which case you would also be able to sell your shares

Thanks, im in.