I’ve been bad about posting here this week. Spent most of it personally answering email responses to my mass mailing of January 15th, which I posted here as well. I’m amazed at how many people have been writing me, jumping on the idea that we try a crowdfunding program like Kickstarter, some saying they didn’t have a lot of money but would gladly contribute at least $25, most saying they’d happily kick in $100, a few even offering sizably more. It’s got Lee and me giving serious thought to going that route, which we’ll be talking about with our lawyer next week.
Kickstarter is the best-known crowdfunding source, but as I’ve told everyone who’s written me, it doesn’t accept “adult” projects. On the other hand, there are more adult-friendly sites around, and we’ll be looking into them.
I’d been wondering if Lee and I couldn’t simply create our own crowdfunding escrow account, establishing a goal of a certain amount of money which would have to be raised by a certain deadline (say three months from the date we started), and returned if we failed to meet the goal. Lee thought no one would trust us to do it like that, and we might better have our law firm (one of the top firms in New York) direct the escrow account. But a correspondent I suggested this to said it’s important to make it as easy as possible for people willing to invest in a crowdfunding project, which is why an already existing program might be the best way to go. That way, with one or two clicks they could make contributions in escrow-form into something like PayPal.
The suggestions and advice of everyone reading this would be greatly appreciated.
The minimum amount we require to design, develop and then, once relaunched, survive for at least six months—at which time we believe the company should be able to go it alone—is $100,000.
But before I go further, I need to hear from readers of this blog whom I haven’t heard from yet. Do you want me to continue trying to restart Bound & Gagged? And would you be willing to invest anywhere from a few dollars to the sky’s the limit to make this happen? Unless I feel strongly that I have the support from you, who remain my most loyal followers, I can’t see a reason for going on with this.
Write me, please, at [email protected]. I’ll answer every email personally, no matter how long it takes. But I’d prefer you to communicate with me via email than through the comments section here, since one of the things I will require is your individual email addresses, in order to put you on my new mailing list. The majority of addresses on the mass mailing we sent out two weeks ago were, obviously, very old, so we had, as expected, a tremendous number of bouncebacks.
I’ll post the results of what I hear from you next Friday and, if we do decide to go ahead, give regular weekly updates here on our progress.
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