iGaming Business Requires Investment Advice

[iGaming]

Hello all,

I am the managing director of an online gaming company - 100% self funded by myself and another partner. We have one existing product that is doing extremely well and another in development. Our reputation is very good and we are well-known in the UK gaming market. I am now looking for investment to take it to the next level. This has of course attracted interest from a number of parties.

The P&L looks very good, and our acquisition costs look exceptional. We have got to the stage that we require more money to build it. I have told would-be investors that I’m not willing to put any more money into the business myself and they have responded by saying that they would therefore require a large stake in return for funding. By large I mean 60-70%. I am only happy to go to 45% tops.

Is this standard practice? If it’s an existing business and a proven model why do they need such a large chunk?

Any help would be much appreciated. Please note that this is not a call for investment, only advice.

Kind regards,

Anonymous (at least at this stage).

[Mark J Bateman]

Originally Posted by iGaming

Hello all,

I am the managing director of an online gaming company - 100% self funded by myself and another partner. We have one existing product that is doing extremely well and another in development. Our reputation is very good and we are well-known in the UK gaming market. I am now looking for investment to take it to the next level. This has of course attracted interest from a number of parties.

The P&L looks very good, and our acquisition costs look exceptional. We have got to the stage that we require more money to build it. I have told would-be investors that I’m not willing to put any more money into the business myself and they have responded by saying that they would therefore require a large stake in return for funding. By large I mean 60-70%. I am only happy to go to 45% tops.

Is this standard practice? If it’s an existing business and a proven model why do they need such a large chunk?

Any help would be much appreciated. Please note that this is not a call for investment, only advice.

Kind regards,

Anonymous (at least at this stage).

Hi Mate

I know someone who is interested in this field - I know they are cash rich - let me have a bit more info that you want ot give markmrtax@tiscali.co.uk - I will see hwta I can do - Mark

[mmakari]

Hi

Another option would be to raise unsecured finance, I may be able to help but may need to know more about the business. If you want I can forward my email address.

Regards

MOh.