🏝 Island DAO 13th newsletter - raising the seed round, closing the sale.
It is “almost there”. It is tight. Time to get more salesy!
Updated pitch
Incorporating feedback from the investors.
Improving messaging on the website and on the slides:
Thanks to that feedback, materials put more focus on:
protecting the investors
finances / costs
planning / logistics
estimates / timeline
It makes sense - all the people who have the financial capital to invest have it for a reason - sensible investments that protect the bottom line.
Protecting investors
Preliminary contract for the sale of shares. DRAFT: Google Doc
Once we remove the time pressure, the plan is to apply for regulatory approval and conduct the 2nd round of fundraising using blockchain technology and tokenized equity.
SMA CIA IFA SRMA AA LOA MLTFPA KYC AML 😇
(it will take some time to obtain the licence and follow all the laws)
Trust and transparency
We are open-source by default.
Court auction lives in the old world legal system.
We are not disclosing our strategy in the competitive business environment.
Join the situation room control center, book a call with me: calendly.com/marsxr/basex ☎️ ☎️ ☎️
It is “almost there”
It is tight.
We have a couple of committed investors at various levels, ranging from £3k to €50k.
I am personally committed to putting €50k of my own money. Up to €100k to move the matter over the line, but that would be a bit of a stretch.
3 days and 20 hours to go and counting.
Current price: €200k
If we win the auction, we will know for sure what is the price and we will have another 30 days.
Noone likes the time pressure but 30 days is a reasonable deadline and the momentum is building.
Cautiously optimistic
We are “almost there”.
It would be amazing to actually deliver.
The island has loads of potential:
Resilience
Economy
Governance
Education
Nature
Innovation
Technology
It also offers a lot of value:
Brand capital
Political capital (E-Estonia)
Intellectual capital (all the super-smart people contributing on Discord)
Social capital (network)
At the same time - there is always another island coming.
Once again, focus on protecting the investors:
If the purchase of the island is not successful, all the investors can withdraw their money.
Alternatively, the investors can decide to remain invested while the search for another island will continue.
Take action
Join our Discord
Book a call ☎️ ☎️ ☎️
Contribute directly: islanddao.org/#/bank
This is the final newsletter before the close of the auction.
Expect updates soon after.