December 19, 2010

Accepting investments in Jellypods?

Posted in Business model, Funding, Investors at 4:41 pm by Kilo

Over the past few months we’ve been pleased to be approached by many friends and colleagues asking if we are looking for investors in Jellypods.

It’s certainly very nice that so many people are offering to help make Jellypods real, but at the moment we want to keep things simple. So the best answer we can give today is “thanks – but not just yet.”

There are still some hurdles to overcome with the Jellypods concept, and we want to get to a certain point – a point at which we can definitely make the product for a certain price – before asking anybody else to risk any money.

And to some degree – beyond the first $50,000-$100,000 – we hope the business will be self-financing, so the need for a large investment pool isn’t that big.

So what we are saying to many friends is that we will be offering small opportunities – very low risk, small scale involvements of maybe $500-$1000 dollars – so that friends can have a low-cost, relatively low-risk piece of the action for a relatively small amount of money, get something tangible in return, and join in the fun of owning a little piece of something cool. In fact, it will be a little bit like the model used by www.kickstarter.com.

We’ll be offering more information about what kind of packages will be available in the New Year, but you can imagine there will be several levels, with each level offering a variety of benefits: from unique, specially-coloured founder Jellypods, through the right to get several Jellypods for a special price to Jellypods “buddy” t-shirts and even unique prototype artwork.

To be kept right up to date, make sure you sign up for email notices at http://www.jellypods.com.

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