Elio Crowdfunding

[Ty]

Okay, now you've got me following... waiting to hit $30M which is where I'd bet Paul calls it and submits for that amount. How much of he company will hat represent? 5%?, 10%?, 1%? Who knows...

 

[JEBar]

given that EM has sufficient funding to produce the P5 and start on the E series, I suspect they will let the crowd funding pot grow until it appears to top out or until they need the money .... (a pure theory)

 

[bowers baldwin]

 

[AriLea]

Oh snap! So close yet so far. Just over 100k left.
$25,000,000 Funding Goal 119% Reserved $29,894,662 ,, 8176 Reservations
You would think the EM paperwork is ready to be sent to the SEC, sitting on the desk just waiting for this threshold to be hit. But it's just a guess on our part as to when that goes out. Fer-sure, soon if not already sent.

 

[Johnny Acree]

EM can send in the paper work and continue to collect names until the SEC approves EM's application.
Another reason to watch SE.

 

[bowers baldwin]

 

[pistonboy]

Paul Elio has said there are several avenues for funding. Perhaps he is holding off until he sees how these other funding efforts turns out, then make his final funding plan, including crowd funding.

Perhaps these other avenues will turn out such that he does not need to execute the crowdfunding. I suspect he would prefer to not do crowdfunding if possible. It involves many more people who's phone calls and inquiries have to be dealt with. We are amateurs and would probably have many questions and be a nuisance to him. Plus, it would be an excuse of people to spread bad rumors. Remember the trolls? Remember how they were blocked on facebook because they were such a problem? Can you imagine how much fun they would have bashing Elio Motors? I am sure Paul Elio, who will be very busy running a new and very large and very different type of company, will not want the headaches. I am sure he does not want to have to deal with these people perpetually because they own equity in the company. Letting these people own part of the company is probably the last thing he wants. He probably prefers to deal with just a few private funding people who know how things works.

 

[Coss]

Paul Elio has said there are several avenues for funding. Perhaps he is holding off until he sees how these other funding efforts turns out, then make his final funding plan, including crowd funding.

Perhaps these other avenues will turn out such that he does not need to execute the crowdfunding. I suspect he would prefer to not do crowdfunding if possible. It involves many more people who's phone calls and inquiries have to be dealt with. We are amateurs and would probably have many questions and be a nuisance to him. Plus, it would be an excuse of people to spread bad rumors. Remember the trolls? Remember how they were blocked on facebook because they were such a problem? Can you imagine how much fun they would have bashing Elio Motors? I am sure Paul Elio, who will be very busy running a new and very large and very different type of company, will not want the headaches. I am sure he does not want to have to deal with these people perpetually because they own equity in the company. Letting these people own part of the company is probably the last thing he wants. He probably prefers to deal with just a few private funding people who know how things works.

I doubt that very many people would ever get through to PE; in a situation / setup like crowd funding I'm sure there are multiple "guards at the gate" and layers of other "investment people" that would have to be dealt with long before they ever talked to him.
While I get what you mean, in reality the chances of it happening are very slim. Unless of course you've done top level investing numbers; even then, you would have to go through a few layers before you got to deal directly with him, and with top level investing, you probably would do it with crowd funding, you would do it with the other investment plan they have up and operating. Put in enough money and Paul would probably call you to talk.

 

[pistonboy]

I doubt that very many people would ever get through to PE; in a situation / setup like crowd funding I'm sure there are multiple "guards at the gate" and layers of other "investment people" that would have to be dealt with long before they ever talked to him.
While I get what you mean, in reality the chances of it happening are very slim. Unless of course you've done top level investing numbers; even then, you would have to go through a few layers before you got to deal directly with him, and with top level investing, you probably would do it with crowd funding, you would do it with the other investment plan they have up and operating. Put in enough money and Paul would probably call you to talk.

I agree that the crowd funding investors would probably never talk to Paul Elio, but he would have to maintain, as you put it, " "guards at the gate" and layers of other "investment people" ". These are additional personnel he has to keep around. The phone calls and inquiries would be dealt with by these people. But, Paul Elio has to be concerned with the reputation and image of the company, and the trolls would have an affect on this at least in the early days. Again, look at facebook. I doubt any of these people ever called Paul Elio up on the phone and talked to him but apparently they were a problem. After the company is established they will have less effect but may have an effect in the early stages, and the media is always looking for "dirt" whether true or not.

The really big money people would have their finance people talk to Paul Elio's finance people and the two many never meet.

 

[Ekh]

Paul Elio has said there are several avenues for funding. Perhaps he is holding off until he sees how these other funding efforts turns out, then make his final funding plan, including crowd funding.

Perhaps these other avenues will turn out such that he does not need to execute the crowdfunding. I suspect he would prefer to not do crowdfunding if possible. It involves many more people who's phone calls and inquiries have to be dealt with. We are amateurs and would probably have many questions and be a nuisance to him. Plus, it would be an excuse of people to spread bad rumors. Remember the trolls? Remember how they were blocked on facebook because they were such a problem? Can you imagine how much fun they would have bashing Elio Motors? I am sure Paul Elio, who will be very busy running a new and very large and very different type of company, will not want the headaches. I am sure he does not want to have to deal with these people perpetually because they own equity in the company. Letting these people own part of the company is probably the last thing he wants. He probably prefers to deal with just a few private funding people who know how things works.

I'm going to disagree with at lease part of this. First, I think you're right, and Paul would prefer not to be letting ANY stock out of his hands. But since he has to, crowd funding is ideal for him. Partly, it fits his idea of a "people's car" and partly because it avoids control issues. Multiple small stock holders aren't going to have the weight or force to direct change in the EM course. More, the success of the SE campaign has generated a bunch of good publicity, all by itself.

As for "big boy" investors never meeting Paul ... nope, not gonna happen. Any sort of multi-million dollar investment in something as new and risky as EM screams the question: "is this guy for real? Can he get it done?" Serious investors know that the entrepreneur IS the company ... and they do want to know him. Remote control investing on that order? Nah. Do you think Jay Leno would invest without being all over both Paul and the car? Double "nah."