Comments on: AngelsWanted

By: Dan

Dan — Mon, 25 Feb 2008 17:11:35 +0000

Very interested in this too, would love to be involved!

Please let me know as things progress.

By: John

John — Sun, 24 Feb 2008 14:56:16 +0000

Darren,

Cool, lets us know how you get on.

By: Darren

Darren — Sun, 24 Feb 2008 03:22:39 +0000

I love this, and I’m giving it ago.

A restaurant is my stab at it, watch for updates - I’ll no doubt be pestering you for advice anyway

By: John

John — Wed, 06 Feb 2008 14:26:45 +0000

Mark,

Thanks for adding your thoughts. Making this happen is being looked into.

I look forward to following the progress of Have you got the nerve? TV.

Regards, John

By: Mark Bowness

Mark Bowness — Wed, 06 Feb 2008 13:00:59 +0000

I have been following this blog with interest, noticeably because it is about tribewanted, a project which I created and I have now gone on to develop have you got the nerve? TV.

I came up with the idea for tribewanted because my mates were telling me that they use social networking sites in order to meet members of the opposite sex, which is all very well and good however it came to mind that there are people across the World with vasts amount of skills and experiences , could they be brought together online in order to do something positive in the real world.

This is something that I believe in big time. Yes there could be a too many cooks element, I dont think this means that it should be left all together. Apparently it took 1000 attempts to create the perfect lightblub. Although its in its infancy I believe in this crowd sourced model and its a case of getting it right, which I am in hot pursuit of!

Mark Bowness
http://www.haveyougotthenerve.tv

By: simon wilson

simon wilson — Sat, 02 Feb 2008 23:28:06 +0000

I would certainly be interested in this, if anyone wants to take it further please get in touch or keep me informed.

Simon

By: Tom W

Tom W — Sat, 02 Feb 2008 15:54:14 +0000

I think this is a really exciting idea. The business model would need working through but it’s a great way to enable genuine entrepreneurs and share in the benefits of their success or learn the lessons from their, hopefully occasional, failures. I’d love to get involved in this!!

By: John

John — Fri, 01 Feb 2008 11:50:14 +0000

Jon,

Thanks. Getting it started would require a lot of work, there are a number of issues to be resolved:

1) Legal issues relating to investments and share ownership.

2) Tax structure.

3) Recruitment and management of 5,000 small investors.

4) The business model.

I have answers for each issue, but it’s too much detail to go into here.

As you mention it would primarily need to be managed via the web and would need some IT infrastructure, but my background is in software (web) development so it’s something I’d be confident managing. Plus I have a good network of techies to call on to do the work.

By: Jon

Jon — Fri, 01 Feb 2008 11:38:47 +0000

Love your blog, and I think this sounds like a great idea. Peer-to-peer lending is also becoming increasingly popular, and I think this could benefit from that same basic idea (i.e. people putting money in and hoping to get some kind of a return back). Excuse my ignorance, but I always wonder how people go about starting things like this, which must surely require really excellent IT skills just to get a website set up in the first place?

By: John

John — Fri, 01 Feb 2008 10:31:04 +0000

Dawood,

No it’s not the same as a search fund. The idea is that entrepreneurs would approach the fund as if it was a business angel network. They would then pitch to the members just as they would pitch to any individual business angel.

Mark,

I don’t believe there is an issue of too many cooks based on what I’ve explained. The members would only be able to vote on whether to invest or not based on the pitch. The members would them appoint a non-exec to the board of the company to represent their interests - exactly the way venture capital funds already work.