It's funny that when I asked for a $100 loan before but gave no explanation, I received several offers. Now that I say I have an idea, everybody and their grandma is skeptical, people are so quick to judge.
The fundraising step isn't related to seasteading but the funds I raise will be at a later point. The fundraising step is a simple buy bulk/good deal, sell fast at good deals,
, profit, repeat scheme.
The thing is, if all you're planning on doing to raise capital is buy in bulk and resell at a mark-up, someone else is probably already doing it and you haven't given any indication of how you'll "sell fast."
Don't you think I thought about this?
It's not really that surprising. It's kind of like the difference between applying for a personal loan and a business loan at your bank. With a personal loan, how you're going to use the money isn't usually relevant to your capacity to repay - with a business loan, your capacity to repay is very often dependent on how you're going to utilise the borrowed money.
I think it also threw people when you said that your idea could be put back 1-2 years by the lack of $100 now. By and large, the loans given around here are short-term with those seeking investment for their projects posting elsewhere and offering a stake in the venture in return for the funding.
Meh, I understand I may sound a little too ecstatic about getting this in action but shit happens in life that can throw everything on or off track. There is only a small potential that this would be set back (if I lose my license, as long as I get an attorney I'm fine), and if that were the case I would send back what is yours, no harm done. I'd say I'm offering a stake in the venture, when I have millions of dollars or bitcoins or whatever, I will have no problem with returning the favor ten fold.
