Barefootsies

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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Dirty D

A 20% return in a year is a great investment.

He would be a fool to turn it down.

The best interest rate from a bank is a little over 3%

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slapass

Why don't you borrow on your car or house or whatever and keep 14% of the deal and not have the partner BS? New loan at 6% paying monthly over years and keep rolling that cash and no one needs to be told how it is going etc.

Barefootsies

Yeah. That's my thinking.

Then for a year maybe he could GET some SKILLS, and then once he cashed out, he can re-propose his pitch, and maybe I will be hungry then. Right now, I am just enjoying the good life, working on my new projects, and really have no interest in doing a major project for someone else, and partnership is out of the question.

But if he wants to invest for a 12 month, 20%, sure. I'll do that. I can put the money to work, and he gets a nice safe return.

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Barefootsies

I have money in the bank. I do not need his money.

HE is looking to "get into da biz". He wants my help, but I do not want the extra workload on starting a company from scratch for him, or babysitting his shit, or doing video production and marketing for him.

The point is, I am not hungry, and not interested in that for someone else. I have my own stuff I am working on, and enjoying my 1/2 day lifestyle, traveling, and kicking back. But, if the money is burning a hole in his pocket that bad, and he wants to invest and make a return, then I will take his cash, and give him the 20% in 12 months, or whatever as detailed above..

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crockett

Sometimes it can be better to be partners in several projects verses only running one thing yourself.

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Barefootsies

Assuming they have some skills to bring the to table. I agree.

But just like current business partner. He has NO online experience. He was just a money man at the beginning to bought in for a 1/3, and that's it. He does nothing else. 99% of the company is me. From hiring models to doing the shoots, post production, web mastering, marketing, and so on. He does the accounting.

The workload is not split, or shared.

The same would be with this new dude. He has no skills. He has some ladies, and dudes who will shoot porn. He has some money burning a hole in his pocket. But he needs me to help him get going. I have no interest in that. So he offered the alternative. $10,000.00 investment, and I told him I would do a short term 12 month, 20% return if the money was burning a hole in his pocket that bad.

I can always shoot a shit load of content, or invest in some of my other shit. He could have monthly payments, quarterly, or just cash out in 12 months. In that 12 months, if he managed to GET some skills. Then maybe I would entertain his propositions if I am hungry at that time.

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klaze

Every weekend I get 1 - 3 people telling me their brilliant idea.

It's fucking annoying...

"Listen you dumbfuck your idea is not brilliant.. Facebook already exists"

crockett

Yea in that case the partnerships always end up sucking for the guy running the show. At the start it's a equal partnership but as time goes on it gets less and less equal.

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Barefootsies

Yep.

Everyone told me at the beginning. Do not do a partnership, and if you do, make an operating agreement with an escape clause. But that partnership was the trade off for the start up cash for my vision.

Which has paid off a nice return on investment cash BIG TIME.

But for him (1/3 partner) more so. He does no work. Gets the positives.

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Barefootsies

Agreed.

I getting a lot more of it this year because I have been more visible with my success than before. So now everyone wants to 'be in da biz'.

I have to listen to... "It must be nice to work in your underwear", or, "It must be nice to be around young hotties all day", or, "Wow man. You are like never home. Must be nice".... and so on.

Those remarks are usually followed by either their brilliant ideas, or requests for how to get in, or get to the ladies, or buy in, etc.

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notime

actually you already given all the answers in your own writings.
If "experience/skills/" (add: ambition, ability to learn, creativity, reliability) = 1 then YES
if not, then = 0 = deadweight
since money is not the issue here

Barefootsies

I was mainly looking for others experience in this realm, or scenarios, chief.

I am not looking for a new business partner. Skills or not. Nor am I looking to add work hours to my day working for someone else. Joint project or not.

However, I would consider the $10,000.00 with 20% interest, 12 month.

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amateurcanada

We use to take on investors years ago in a similar fashion by setting up a promissary note with return on investment. We would allow them to rollover the investment at year end or pay out a lump sum. Other ideas we did was to pay the monthly interest out and retain the face value of the investment. This encouraged larger sums of money to be invested.

In regards to babying a complete newbie into the industry to spend his 10 grand, well you seem to have your ducks in a row - not worth the time.

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Barefootsies

Yep. I am not opposed to working out this type of arrangement for those with a chunk of change to invest. However, they get no ownership, or shared rights (in terms of content for example). I take their money, invest in my business, and they get paid a premium on that investment.

They can cash it out in a year if they so choose. Doesn't bother me. It's a safe investment, and decent return for those with 401k, or where ever this money comes from, while they work out their business plan.

Yep. I am investing my porn money into other ventures. So getting in deeper to porn is not a top priority. But, as mentioned before, I am not looking to work a lot more for another master either. I am enjoying life right now.

I was never in this to be a millionaire. I was in this to make money doing things I enjoy. Travel the world. Live a lifestyle better than my friends, and slow the calendar down so you are not always chasing a payday wondering where the year went.

Right now I am doing well, and can afford to do what I like when I like (keep in mind I am in the midwest, not New York or L.A.). Doing better than my friends, working a fraction as much, and kickin' back.

No need to go back to a full work day and answering to someone else.

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fluffygrrl

I've never paid, nor would I ever consider paying more than 1.5, possibly 2x what a bank would pay them on an equivalent deposit, no matter how much I'd be making or I could be making.

I'm making it, the money is just money, I don't see how it could be possibly worth a 1500+ point premium.

bbm

Partnership better for future

Barefootsies

Only if they have skills, cash, or a missing piece to the 'bigger picture'.

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fatfoo

indeed.........

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Barefootsies

That is probably why people are not lined up to invest with you, or your business.

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fluffygrrl

Conversely, it might be why I'm not the one desperately bumping gfy threads repeating over and over how I need 10k and I'm willing to go as high as 20% per annum to get it.



Wouldn't have said anything about it, either, but you had to go and act tough.

Barefootsies

For starters, you can't read. I do not need a loan.

Maybe if you have read the fucking thread in the first place, you would have taken a break from your typical troll post, and understood the situation and posted something of substance, that would be a good start.

But based on your posting history on the board, that would be expecting too much.

Congrats on posting out of your ass like a clueless troll.

Oh, and I would not have called you out on your troll ways. But you had to act tough.
Bravo.

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