Dec 8

My first “real” investment

Recently, my friend jon has been blogging about a new project of his, dailybooth.com. I’ve been very interested in the project since he first mentioned it to me. It’s not often that you really think a project will take off a lot before it’s open. However, i sure do about this project. Although this isn’t my first investment, as i have invested thousands of dollars into projects of my own. I see this as a totally different type of investment. I’m not investing in a project of my own, my money is in somebody elses hands. This type of investment can be much riskier, but the rewards can be so much better.

The basic concept of dailybooth will be to create a video of yourself like this:

I told jon from the start that i was interested in investing. At first, he kindly declined. But, yesterday we came to an agreement. The contract has all been signed, which is void until the payment is sent. I bought in as a sleeping partner, so i will be required to do no work on the site. My money will work for me, i won’t be working for money. I bought a small % of the site, for money that will easily pay a lot of the start-up costs. Whilst we won’t be disclosing any figures at this time, i’ll keep you updated on the project.Also check out this killer design Julek has done for dailybooth here.

6 Comments subscribe please

6 comments...What do you think?

  1. Posted by Nathan 8th December, 2007 at 4:37 pm

    Nice work man. I think it’s amazing how far you’ve come :P Now you are the power behind the investment.

  2. Posted by jon 8th December, 2007 at 6:21 pm

    It’s a very exciting project, fantastic to have you aboard josh.

  3. Posted by Jonathan Volk 8th December, 2007 at 9:36 pm

    Neat project.

    :)

    Best of luck.

  4. Posted by conrad 9th December, 2007 at 2:11 am

    hope everything works out good.

    wonderful project to look too.

  5. Posted by CCNA Discovery 24th December, 2007 at 11:39 pm

    Good luck with your project Josh!

  6. Posted by MadeByMAS 29th December, 2007 at 7:26 pm

    This will probably be your biggest competition.

    http://www.flickaday.com

    Best of luck hope everything works out.

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