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Old 08-31-2008, 09:20 AM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
Investment: Partnership vs Short Term

It's been discussed on GFY many times about people, or friends, we have who think this is 'da biz' to get into. Many think it's easy, and you just get to sit around in your panties all day, go to shows, watch porn, TV, and drink all day. But we know that there is more to it. All depending on what part of the industry you are in.

That said, I wonder how many of you have been hit up with this by a friend.

I have a guy who wanted me to help him start up a porn company a town over. He has some money to throw into the project, but I honestly am not hungry, and do not want the extra work load. I am enjoying being debt free, traveling, and working on my own shit. So taking on another 2-6 hours a day, regardless of the pay off, just isn't of interest to me right now.

So he gives me a second option. He wants to 'partner' or invest in one of my companies, again, nothing I am interested in. I have a minority business partner in the (porn) production company, and he does minimal. He was a money guy in the beginning, and does little else beyond the books. I am hoping to buy him out in the next 12-18 months.

Anyways.... I said no to another partner. I would not partner with anyone unless they had cash + experience or skills to bring to the table. I am not interested in more dead weight.

So then he comes back again. He wants to drop $10,000.00 and know what kind of return her could get. I told him that if he wants to invest that in my business, I would do a 12 month investment, and pay 20% so he could get back $2000.00 in 12 months profit. He could be paid monthly, quarterly, or take it as a lump sum.

I can always put $10,000.00 to use and make more money. If he wants to do an investment on a short term basis, that's fine. Work out the docs. Get your cash back plus profit.

Anyone else every had these types of experiences, and if so, good? Bad? Ugly? I would guess that you also worked out the legal terms, and signed agreements.. But I have no problem with short term investment and gains. But a full on partner with no skills to bring to the table in day to day operations, or adding hours to my day is nothing I am personally interested in.

You?
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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"
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