NEW PROPOSAL:

Silicon Beach Startup Syndicate

50 shares @ $500 = $25,000
Invested in 1 startup

We invite any startup to apply
We have a meetup to let a shortlist present
We select a startup
We set up a mail group/blog/facebook group whatever to keep everyone
in touch with progress and to provide feedback/mentoring to the
startup
Within the community/syndicate we organise some free/cheap services
like hosting/design/marketing/etc to further assist the startup
We have quarterly meetups to hear progress from startup, network and
have a few drinks

I think a lot of us tend to think too big. Realistically to get
something off the ground we need to start small and take a first step.
So lets start with one startup, keep the number of investors under 50
to overcome that ASIC rule. And we should almost just about get 50 off
the list + direct contacts. Pretty much, all we need is someone to
agree to contribute the legals/finance aspect and I can't see any
reason we can't push this ahead pretty quickly.

What do you's reckon?

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