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Most used to, is revenue sharing. you actually get something back if you choose to invests in a company. okay. how do you do that? there s a web site? it s called pro-funder.com. there aren t a lot because of regulatory reasons. they only deal with incorporated businesses. second, come up with your idea. i have an ecodry cleaner, i want to go to five locations. you want to write up your fundraising pitch to put on the web site. one of the big things you have to sort out is a term sheet. and basically that s what do i give you? you give me $1,000, what do i give you? in this case it s a portion of revenue. the maximum time period is five years. i could say, if i raise $10,000, i m going to give 10% of my revenues to my investors for three years. and that s how it works. when i say i m going to take money from you, i say, okay, you re going to get 2% of my revenue from 2012 to 2014? there s the risk for the investor, right? there could be no revenue. this couldn t be might no ....
The low end, $100, on the site. at the high end, they give guidance on compliance. one of the advantages is they ve got templates for term sheets. entrepreneurs go term sheets, no clue. there are examples that you can use. this is such an interesting idea. we talk so much on the show about getting friends and family to invest. but what this does, it creates a way to do it that makes sense. and it s formal and legal and it does a good job. profunder.com. thank you very much, bruce, appreciate it. we recently met dozens of small business owners at the national association of music merchants in california. we brought a unique product to our elevator to see if he can strike a chord with our panel. hi, i m bob mcnally. hey, bob. i designed the strum stick for people who don t play anything. i ve been designing instruments for 30 years, and i made the strum stick so learning could be easy and fun. ....