AceNZ
12-22-2007, 03:25 AM
What needs to be done before fundraising can start?
Create a Mission Statement -- what the project is all about, etc.
Research and establish an appropriate entity that will be able to accept the money that gets raised (probably an LLC, as discussed elsewhere)
Create by-laws for the LLC that reflect the Mission Statement and that define issues about things like potential acquirers, distribution of profits, etc.
Research escrow options. A mechanism should be established that will allow investors to feel comfortable that their funds will be returned if certain goals aren't met.
Create a draft business plan. It can evolve over time, but we need to write down some basic goals that potential investors can review.
Create some sample programs -- probably just a couple of hours worth, to give investors a concrete idea of what we're trying to do.
Create a fund-raising-oriented website that will contain the above details. Registration might be required for more sensitive info.
Create a rough project plan, showing required staffing, estimated schedules, etc.
The fund-raising website should also include a mechanism to allow people to contribute their time. Collect names, contact details, skills, background, time available, etc, and report the number of people found, along with funds raised.
Create a rough budget, including tasks that will be triggered at various fundraising milestones.
Create a basic plan for soliciting advertisers, including descriptions of new and innovative methods of advertising that will be used.
Create a legally-sound mechanism that will allow people to earn an interest in the company in exchange for the time they put in.
Create a forum to facilitate discussion of various aspects of the project in detail.
Investigate to what extent we might be able to leverage the Ron Paul community for initial investment and other support.
What else?
Create a Mission Statement -- what the project is all about, etc.
Research and establish an appropriate entity that will be able to accept the money that gets raised (probably an LLC, as discussed elsewhere)
Create by-laws for the LLC that reflect the Mission Statement and that define issues about things like potential acquirers, distribution of profits, etc.
Research escrow options. A mechanism should be established that will allow investors to feel comfortable that their funds will be returned if certain goals aren't met.
Create a draft business plan. It can evolve over time, but we need to write down some basic goals that potential investors can review.
Create some sample programs -- probably just a couple of hours worth, to give investors a concrete idea of what we're trying to do.
Create a fund-raising-oriented website that will contain the above details. Registration might be required for more sensitive info.
Create a rough project plan, showing required staffing, estimated schedules, etc.
The fund-raising website should also include a mechanism to allow people to contribute their time. Collect names, contact details, skills, background, time available, etc, and report the number of people found, along with funds raised.
Create a rough budget, including tasks that will be triggered at various fundraising milestones.
Create a basic plan for soliciting advertisers, including descriptions of new and innovative methods of advertising that will be used.
Create a legally-sound mechanism that will allow people to earn an interest in the company in exchange for the time they put in.
Create a forum to facilitate discussion of various aspects of the project in detail.
Investigate to what extent we might be able to leverage the Ron Paul community for initial investment and other support.
What else?