LillyMayPatterson #1685 & #5648
Elio Addict
Yea maybe outsydthebox, but this is a brand new venture. Nobody has done this before. ELIO is one of the first to try it ... and I am sure THE most successful one. 
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Ekh
Elio Addict
Where do you get 30%?
Ekh
Elio Addict
Nobody else has raised more than half a million this way, because the A+ method is brand new. So Elio is about 18.5 million times better than the runner up!.Yea maybe outsydthebox, but this is a brand new venture. Nobody has done this before. ELIO is one of the first to try it ... and I am sure THE most successful one.
bowers baldwin
Elio Addict
- Joined
- May 2, 2014
- Messages
- 1,890
- Reaction score
- 4,667
Don't get me wrong, I am still optimistic about it, heck even my dad is throwing in $2k and he wont even buy an Elio. I absolutely think they will generate a bunch of capital, but I do think they will loose a good % when it comes time to collect.
Ekh
Elio Addict
Let's say Elio does make the "real" offering and does hit the $25 million mark in the test-the-waters phase of the campaign (seems pretty reasonable, no?). Let's assume the drop-out rate IS 30%, and that the money / investor ratio stays the same. In other words, investors disappear proportionately to dollars.
The current ratio of investors per dollar is 1 investor per $3,857.73 in revenue.
So we will have 6,481 investors. 30% go away, leaving 4,537. They will be investing $17,500,000. Startengine.com charges $20 per transaction, so Elio's fees to them will be $90,740. In addition they'll have somewhere between 50 and 100 thousand bucks in filing fees, auditing costs, lawyers, etc etc.
So let's assume the total costs to Elio for are $190, 740. That leaves them a net of $17.3 million actual dollars. Not bad for a month's work plus filing.
I think this is a low estimate and the actual results will be higher. Here's why:
1. The campaign may well exceed goal, by how much I don't know -- if the "test the waters" phase lasts two months, it will certainly exceed $25 million before it runs out of gas, or hit's the time's-up deadline.
2. The drop-out rate is closer to 15% than to 30% (I actually believe this will be the case)
3. Actual money committed may be more per investor (or less) than the average so far. Wild card. But I think those who are serious may invest more than they're saying here -- particularly small investors (those who are now under $1000) like many of us po folks.
4. I've calculated on the basis of the number of investors driving the total (assuming an average of $3700+ dollars. If that ratio goes up because the heavy hitters stay in the game while the weaker investors tend to drop out first, the grand net total will rise. Depends on who stays and who folds.
5. Something else may happen -- some wild card. Paul Elio has a heart attack. DOE comes through with the ATVM loan. P5 actually gets 92 miles per gallon. Martians land on earth. The Chinese economy keeps tanking and takes the rest of the world with it. Any or all of these could grossly affect the results of Elio's startengine campaign. If there's a wild card -- let's hope it's a good one.
OK, back to counting the ticks on the graph ...
CORRECTION
I was wrong about the fee to Startengine.com. It's actually $50 per investor. So if at the end of the day there are 4,537 investors, Elio's fee will be $226,850 plus the legal etc costs, or $336,850. Not an insignificant amount, but it cuts the net to around 17.2 of the initial 25 million in "expressed interest." Significant loss, but still worth doing.
The current ratio of investors per dollar is 1 investor per $3,857.73 in revenue.
So we will have 6,481 investors. 30% go away, leaving 4,537. They will be investing $17,500,000. Startengine.com charges $20 per transaction, so Elio's fees to them will be $90,740. In addition they'll have somewhere between 50 and 100 thousand bucks in filing fees, auditing costs, lawyers, etc etc.
So let's assume the total costs to Elio for are $190, 740. That leaves them a net of $17.3 million actual dollars. Not bad for a month's work plus filing.
I think this is a low estimate and the actual results will be higher. Here's why:
1. The campaign may well exceed goal, by how much I don't know -- if the "test the waters" phase lasts two months, it will certainly exceed $25 million before it runs out of gas, or hit's the time's-up deadline.
2. The drop-out rate is closer to 15% than to 30% (I actually believe this will be the case)
3. Actual money committed may be more per investor (or less) than the average so far. Wild card. But I think those who are serious may invest more than they're saying here -- particularly small investors (those who are now under $1000) like many of us po folks.
4. I've calculated on the basis of the number of investors driving the total (assuming an average of $3700+ dollars. If that ratio goes up because the heavy hitters stay in the game while the weaker investors tend to drop out first, the grand net total will rise. Depends on who stays and who folds.
5. Something else may happen -- some wild card. Paul Elio has a heart attack. DOE comes through with the ATVM loan. P5 actually gets 92 miles per gallon. Martians land on earth. The Chinese economy keeps tanking and takes the rest of the world with it. Any or all of these could grossly affect the results of Elio's startengine campaign. If there's a wild card -- let's hope it's a good one.
OK, back to counting the ticks on the graph ...
CORRECTION
I was wrong about the fee to Startengine.com. It's actually $50 per investor. So if at the end of the day there are 4,537 investors, Elio's fee will be $226,850 plus the legal etc costs, or $336,850. Not an insignificant amount, but it cuts the net to around 17.2 of the initial 25 million in "expressed interest." Significant loss, but still worth doing.
Last edited:
Ekh
Elio Addict
10:09 PM. Somebody just "invested" $25 K. woo hoo!
This according to autoblog.
http://www.autoblog.com/2015/07/10/elio-raises-19m-crowdfunding/
http://www.autoblog.com/2015/07/10/elio-raises-19m-crowdfunding/
bowers baldwin
Elio Addict
- Joined
- May 2, 2014
- Messages
- 1,890
- Reaction score
- 4,667
Which side of the Martian space craft has the gas cap?
I would assume they would just take longer to get to 50M, let's say it takes 2 months, I think it will pay off big, it might take a few weeks extra, that's all.
I would assume they would just take longer to get to 50M, let's say it takes 2 months, I think it will pay off big, it might take a few weeks extra, that's all.
Ok, it's 9pm here, 3hours later back east,
The EOD count seems to be 78% Reserved $19,563,825 with 5074 investors. It seemed to slow down in the evening, maybe everyone did go out to dinner or somethng.
This morning was 18,780,685, so we didn't cross over 1m, but over night is still left. So I'm guessing now we have just over 5 days to reach 25M.We'll seee how the weekend goes.
The EOD count seems to be 78% Reserved $19,563,825 with 5074 investors. It seemed to slow down in the evening, maybe everyone did go out to dinner or somethng.
This morning was 18,780,685, so we didn't cross over 1m, but over night is still left. So I'm guessing now we have just over 5 days to reach 25M.We'll seee how the weekend goes.