(Topic ID: 229353)

Another gofundme: The Pinball Company

By mnpinball

5 years ago


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  • 136 posts
  • 75 Pinsiders participating
  • Latest reply 5 years ago by Azmodeus
  • Topic is favorited by 8 Pinsiders

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    #12 5 years ago

    I don't care if you did 7 million in sales last year. How much profit did you make? If you are profitable and sitting on such a gold mine, why can't you achieve funding through conventional means (like a BANK)? An MBA, a fancy suit, slick advertising, 200k Facebook followers and an expensive haircut does not make you a good businessperson.

    #21 5 years ago

    I didn't catch that...thanks. But again, why wouldn't he be able to get bank financing if everything is so rosy? Money is cheap right now.

    #25 5 years ago
    Quoted from cjmjmm2006:

    I agree. I am not sure what his logic is or if he thinks he needs strategical partners. I personally would never do this but I dont knock those that do. Totally not my approach. I've grown my own business by my own efforts but I guess that's old fashioned. There is a competitor in my line of business that uses GoFundMe to gain capital to then profit and people go for it so what do I know. Haha

    Your business model is tits, IMO. I was exploring doing something like that in my area...but I haven't found a local brewery interested in having operator-owned machines yet.

    #34 5 years ago

    So are they soliciting funds to expand their retail locations, or to finance another pinball machine project? The 460k outstanding debt isn't a huge deal. They may be keeping that ongoing for tax reasons.

    #70 5 years ago

    It's almost as if a vast technical knowledge of a niche market is something that will cost you money to have on hand... Shocking!

    14
    #72 5 years ago
    Quoted from Gunske:

    "It is hard to find people that are qualified and want to work for the wages that are typically paid."
    As a technician, I just laugh with this. They think we will fix there "million dollar shizzle" for 15€/hr, which is what they call "typically paid".
    These days more and more good techs, realize they are extremely valuable for a company and start to rightfully exploit it.

    Any good tech knows they are better off working for themselves, and will probably have plenty of work via word of mouth.

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