Picking up on the suggestions from an earlier thread, here is a working proposal for the formation of a .tv consortium, being members of namepros who are sick of the talk and are willing to pay for the development of .tv domains in joint ventures with the owner(s) of .tv domain(s) in this forum.
For example.
Mr X owns [insert domain].tv. Mr X lacks the financial resources and experience to develop the site. Mr X needs help.
A consortium of investors have invested $X into [insert company name and jurisdiction]. The purpose of that company is to enter into joint ventures with domain owners to develop domains (one at a time) by paying for professional development of a website. The shareholders (irrespective of class of shares) annually elects its board in the normal course and original members are issued with Class A shares entitling them to a PRO RATA percentage of revenue profits/revenue from Project A and a smaller % of revenue from future projects (see below).
Mr X leases his name to the company in return for X% of the A shares. The lease is perpetual unless terminated [termination riights require further thought] , in which case Mr A gets domain back, and A shares are surrendered back to company.
At the end of the development, further investors are invited for the development of second domain (Project B) to be acquiired by the company.
See process above.
100 new shares are issued in a new class (B shares). 80% of these shares are issued to B consortium members (new members), less % issued to domain owner B.
The price of B shares is determined by the cost of development of Project B. B shares have equal voting rights to A shares.
B project investors and B domain owner are entitled to 80% of profits/revenue from Project B.
20% of Class B shares are issued for nominal value ($1) to the holders of the A shares to reflect the risk they took by being the original investors. A members are entitled to 20% of the profits from Project B and 100% from Project A.
C project - see above.
I realise this is just a broad outline of how things would work and requires substantial further thought and input but let's consider it a work in progress. As per my previous post I am prepared to pledge now that I would join this consortium. Let's explore this further to see if we can sketch out a framework to attract as many of us as possible.
For example.
Mr X owns [insert domain].tv. Mr X lacks the financial resources and experience to develop the site. Mr X needs help.
A consortium of investors have invested $X into [insert company name and jurisdiction]. The purpose of that company is to enter into joint ventures with domain owners to develop domains (one at a time) by paying for professional development of a website. The shareholders (irrespective of class of shares) annually elects its board in the normal course and original members are issued with Class A shares entitling them to a PRO RATA percentage of revenue profits/revenue from Project A and a smaller % of revenue from future projects (see below).
Mr X leases his name to the company in return for X% of the A shares. The lease is perpetual unless terminated [termination riights require further thought] , in which case Mr A gets domain back, and A shares are surrendered back to company.
At the end of the development, further investors are invited for the development of second domain (Project B) to be acquiired by the company.
See process above.
100 new shares are issued in a new class (B shares). 80% of these shares are issued to B consortium members (new members), less % issued to domain owner B.
The price of B shares is determined by the cost of development of Project B. B shares have equal voting rights to A shares.
B project investors and B domain owner are entitled to 80% of profits/revenue from Project B.
20% of Class B shares are issued for nominal value ($1) to the holders of the A shares to reflect the risk they took by being the original investors. A members are entitled to 20% of the profits from Project B and 100% from Project A.
C project - see above.
I realise this is just a broad outline of how things would work and requires substantial further thought and input but let's consider it a work in progress. As per my previous post I am prepared to pledge now that I would join this consortium. Let's explore this further to see if we can sketch out a framework to attract as many of us as possible.
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