Who accepts my bet?

So here I am, 150k 120k in debt from my last business in Europe, have quit the J.O.B. to start a business again, don’t own anything of value and can barely live from the infamous 3F investors: Family, Friends and Fools ;-) (note the smiley after the word “Fools”. I would never describe any of my investors as fool. The 3Fs are tongue in cheek saying under entrepreneurs). I am also not Australian citizen or permanent resident (which is one of my goals though, I love Australia!). So currently I have to beg for a new visa from outside the country every 3 months. Incorporating a business and dealing with banks is also a real challenge with that status. To add a little hardship, I don’t have Medicare but need some pretty expensive medication at the moment (a thing to sort out; can anybody recommend a good natural/Chinese healer?).

Despite all odds, or because of them, I am having the best time of my life proving that it is not a question IF, but only a question of HOW to solve those challenges.

And here is my pitch:

I’ll accept any bet upwards from $1k against that I’ll be an AUD multimillionaire in terms of net worth within 5 years.

You have to give me the money now. If I loose, I’ll have to pay back 10 times the amount (I never default on personal liabilities, that’s a lifetime obligation!).

If I win, I keep the money. But as little thank-you, I will mentor/include you into my mastermind group for lifetime. Since I have made it to a multimillionaire then, this should be of some value.

So regardless who wins the bet, at the end you will always win:
Either 1000% of the money or a millionaire mentor as return of investment.

Who accepts the bet?
Meet me and I’ll explain you my 5 year plan…

Update:

Now it seams that I have delivered the message the wrong way for some individuals. They just read “I promise 10x your money back” and think instantly that this must be a scam. I mean everyone who writes something about such returns on the internet must be a con man, right? Well if you think that way, it’s your problem because I am not forcing or seducing anyone to anything. Or have you seen a PayPal “send money here” button?

Those who are more interested in the person behind that bet will read the text more carefully and may discover that it is not so much about the money, but a way to publicly declare financial goals so that there is no way back into mediocrity. For all those who think those millions are my only goal in life, I have again the same message: “I don’t care what you think!”. I care about actions and the people I am in contact with :)

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Guy Kawasaki interviews Mike Moritz and Paul Graham

I know, this video is old, but I am just watching it again and still enjoying it. What you hear from these three guys is so different to the usual VC bla…

Follow me on Twitter: @ungerik

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Angel Networks that Charge Startups :-(

In his latest blog posting, Jason Calacanis has declared war on angel groups that charge startups for the honor of getting a chance to pitch to them.

Here in Australia I have found a lot of online angel networks where you have to pay to get listed or get access to angels.

So you have to pay even before you can pitch…

Here some local examples that I don’t like:

http://www.businessangels.com.au/fees.php
Basic Listing AU$795
Full Service Listing AU$1275
Premium Service AU$2929
Success Fee 3% of funds invested
“Private Capital for Private Companies” Guide AU$50 With Registration
AU$75 Without Registration

http://www.australianinvestmentnetwork.com/entrepreneur
1. Investor Referral Service fee of $199. Your proposal remains active for 90 days and paying the Referral Fee gives you access to the contact details of ALL the investors interested in your proposal during this period.
2. Upfront fee of $249 and take advantage of our Premium Services

http://www.angelsinstitute.com/87408_87415.html
A charge of $150 is incurred to register your details for consideration by this Angels Institute group

http://www.findangelinvestors.com.au/investors

PayPal?

The baseline is: If you are the one with the money, you can make the rules and get more money from those desperate for it.

Follow me on Twitter: @ungerik

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Public Table of Seed Funding Incubators

I have created a Google Docs Spreadsheet with all incubators/accelerators and their characteristics I have found.

Feel free to correct or extend the data!

The table includes Y Combinator, Seedcamp, Springboard, Start@Spark, DreamIt Ventures, TechStars, Summer@Highland, LaunchBox, iVentures10, NextStart, Capital Factory, Shotput Ventures, NYC Seed, Bootup Labs, You be the VC and Obsidian Launch.

Follow me on Twitter: @ungerik

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