Established 2+2er Selling Shares for Live & Tournament Action
10-26-2014
, 01:25 AM
Just to clarify for everybody else as well, what payment methods are you accepting?
Also, glgl
I'm sure there will be loads of ppl who will be happy to follow along and track ur regular updates which 2p2 is sorely missing atm 
Also, glgl
I'm sure there will be loads of ppl who will be happy to follow along and track ur regular updates which 2p2 is sorely missing atm
10-26-2014
, 10:47 AM
I'm accepting
Bank Wire Transfer
Old School Cashier's Check (certified mail)
I had a huge problem with paypal and don't like to use them for anything serious.
Also, I outline more details of this in my PG&C thread
Bank Wire Transfer
Old School Cashier's Check (certified mail)
I had a huge problem with paypal and don't like to use them for anything serious.
Also, I outline more details of this in my PG&C thread
Quote:
Yeah, been thinking and running out various projections and what not to try to put together the best deal I can for everyone.
In a nutshell, majority of my play will be cash game play, about an 80/20 split between cash games and tournaments which I think is a good ratio.
Payments will be made monthly splitting the profits up for that month and then we reset.
What I've done is I've projected out a ROI of 0% which will serve as the baseline for the Makeup, so profit sharing will start there. Payments will be cumulative. So as long as I'm ahead of the Makeup on a cumulative basis, profit sharing is 75/25. However, if I fall behind the makeup then next profit sharing will be allocated to the backers until I'm out of Makeup.
I've also projected out a 100% ROI as another baseline and I will be graphing my bankroll against that 100% ROI. I had also done a 200% ROI but then the chart got crowded with too many lines so I decided to just drop that one. My goal obviously is to grow the giraffe way beyond the ROI baselines.
Here is what a projection would look like
thanks, yes, I will be posting results here since I'm sure many will be curious.
In a nutshell, majority of my play will be cash game play, about an 80/20 split between cash games and tournaments which I think is a good ratio.
Payments will be made monthly splitting the profits up for that month and then we reset.
What I've done is I've projected out a ROI of 0% which will serve as the baseline for the Makeup, so profit sharing will start there. Payments will be cumulative. So as long as I'm ahead of the Makeup on a cumulative basis, profit sharing is 75/25. However, if I fall behind the makeup then next profit sharing will be allocated to the backers until I'm out of Makeup.
I've also projected out a 100% ROI as another baseline and I will be graphing my bankroll against that 100% ROI. I had also done a 200% ROI but then the chart got crowded with too many lines so I decided to just drop that one. My goal obviously is to grow the giraffe way beyond the ROI baselines.
Here is what a projection would look like
thanks, yes, I will be posting results here since I'm sure many will be curious.
Quote:
Here is a rough outline of Terms and Conditions. I'm still working on it but this should be about 90% there
Terms and conditions:
• I will play a minimum of 320 hrs per month
• I will track all sessions using PokerDominator.com
...o Will provide backers with screenname and password
• I will provide bi-monthly updates/reports to backers
...o Weekly upon request.
• I will notify backers of all my tournament activities to include: date, time, location, entry fees.
...o I will keep all tournament records to include receipts and entry fees
• I will retain First Rights of Refusal in the event a backer wishes to sell his share
• Backers will have First Rights of Refusal in the event I sell tournament action
...o 75/25 (Backee/Backer) split would still apply to my portion of the tournament
...o If someone else bought my $10k WSOP ME seat for a 30/70 split no makeup then backers would receive 25% of my 30% share
• I will be the principle in deciding games and tournaments I play in
...o Backer opinions, advice, and suggestions will be appreciated and considered
• I will adhere to standard bankroll management for cash game and tournament play
• Exceptions to standard bankroll management: Shot taking and High Buy in tournaments:
...o For “shot taking”, I will only take shots during weeks of extreme positive variance when up over $6k+ for that week (as described in page 1 in my PG&C)
...o For high buy-in tournaments, I will set criteria for a “mini challenge” in which profits for the duration of the challenge must exceed 2 x the tournament buy-in on top of normal expected earnings.
...... Basically, I can only buy-in to high buy-in tournaments if there is no risk to my bankroll and I essentially made “enough” to play it with no risk.
...o I will maintain a separate “side roll” for shot taking and high buy-in tournaments using a portion of the profits from shot taking or tournament earnings once they accrue
• Payments to backers will occur when either of the following conditions have been met
...o Payments will be made on a monthly basis, all profits will be split between myself and shareholders then we reset to 0 for the next month. Rinse and repeat until Feb 1st, 2016.
...o Payments will be made the next business day after any win over $10k that does NOT occur during a significant downswing (defined as- 5 BI swing over 7 sessions)
...o Payments will be made the next business day of any tournament profit in excess of $5k
...... All other tournament profits will fold into profit/loss for the month
...... Tournament profits will be split 75/25
...... Note: Tournament win minus entry fees = Tournament profit
...o Final payment will be made 1st February 2016.
...o Backers may elect to “cash out” at any time selling their percentage back to me
• The initial stake and ROI of 0% represents the Makeup baseline which will serve as the benchmark for monthly payments (see example graph).
...o As long as bankroll and cumulative payments are in excess of the projected Makeup baseline then profit sharing will be at a 75/25 split (Backee/Backer) for the respective monthly period.
...o If bankroll and cumulative payments are beneath the baseline then Backee is in “Makeup” and profits from the next period will go towards Makeup until Backee is no longer in Makeup.
...... Once out of Makeup profit sharing will resume at a 75/25 split.
...... If Bankroll drops below $6k, Makeup is suspended until Backee grinds up to $8k
• Each party is responsible for applicable state and federal taxes
• During this venture I will be allowed to take 30 days off for vacation time
• In the event of the death of an immediate family member (mother, father, brother, or sister), payment for the current month will be suspended 30 days and the timeframe of this venture will auto extend 30 days.
...o Will provide death certificate as proof
• In the event of a severe accident requiring hospitalization, venture will be suspended until I’m able to resume play. The venture will auto extend by the amount of days required for my recovery.
...o Will provide proof.
• I agree to be liable for $5k per 1% share in the event that I try to circumvent this agreement or withhold winnings due to backers.
Payment methods PM for details
Bank Wire Transfer
"some" Paypal (small percentage)
Old school Mail Cashier Checks (certified mail)
Payments to Backers
Bank Wire Transfer
Bank Deposit (if banks are in local area)
Old School Mail Cashier Checks (certified mail)
"some" Paypal (small percentage)
Terms and conditions:
• I will play a minimum of 320 hrs per month
• I will track all sessions using PokerDominator.com
...o Will provide backers with screenname and password
• I will provide bi-monthly updates/reports to backers
...o Weekly upon request.
• I will notify backers of all my tournament activities to include: date, time, location, entry fees.
...o I will keep all tournament records to include receipts and entry fees
• I will retain First Rights of Refusal in the event a backer wishes to sell his share
• Backers will have First Rights of Refusal in the event I sell tournament action
...o 75/25 (Backee/Backer) split would still apply to my portion of the tournament
...o If someone else bought my $10k WSOP ME seat for a 30/70 split no makeup then backers would receive 25% of my 30% share
• I will be the principle in deciding games and tournaments I play in
...o Backer opinions, advice, and suggestions will be appreciated and considered
• I will adhere to standard bankroll management for cash game and tournament play
• Exceptions to standard bankroll management: Shot taking and High Buy in tournaments:
...o For “shot taking”, I will only take shots during weeks of extreme positive variance when up over $6k+ for that week (as described in page 1 in my PG&C)
...o For high buy-in tournaments, I will set criteria for a “mini challenge” in which profits for the duration of the challenge must exceed 2 x the tournament buy-in on top of normal expected earnings.
...... Basically, I can only buy-in to high buy-in tournaments if there is no risk to my bankroll and I essentially made “enough” to play it with no risk.
...o I will maintain a separate “side roll” for shot taking and high buy-in tournaments using a portion of the profits from shot taking or tournament earnings once they accrue
• Payments to backers will occur when either of the following conditions have been met
...o Payments will be made on a monthly basis, all profits will be split between myself and shareholders then we reset to 0 for the next month. Rinse and repeat until Feb 1st, 2016.
...o Payments will be made the next business day after any win over $10k that does NOT occur during a significant downswing (defined as- 5 BI swing over 7 sessions)
...o Payments will be made the next business day of any tournament profit in excess of $5k
...... All other tournament profits will fold into profit/loss for the month
...... Tournament profits will be split 75/25
...... Note: Tournament win minus entry fees = Tournament profit
...o Final payment will be made 1st February 2016.
...o Backers may elect to “cash out” at any time selling their percentage back to me
• The initial stake and ROI of 0% represents the Makeup baseline which will serve as the benchmark for monthly payments (see example graph).
...o As long as bankroll and cumulative payments are in excess of the projected Makeup baseline then profit sharing will be at a 75/25 split (Backee/Backer) for the respective monthly period.
...o If bankroll and cumulative payments are beneath the baseline then Backee is in “Makeup” and profits from the next period will go towards Makeup until Backee is no longer in Makeup.
...... Once out of Makeup profit sharing will resume at a 75/25 split.
...... If Bankroll drops below $6k, Makeup is suspended until Backee grinds up to $8k
• Each party is responsible for applicable state and federal taxes
• During this venture I will be allowed to take 30 days off for vacation time
• In the event of the death of an immediate family member (mother, father, brother, or sister), payment for the current month will be suspended 30 days and the timeframe of this venture will auto extend 30 days.
...o Will provide death certificate as proof
• In the event of a severe accident requiring hospitalization, venture will be suspended until I’m able to resume play. The venture will auto extend by the amount of days required for my recovery.
...o Will provide proof.
• I agree to be liable for $5k per 1% share in the event that I try to circumvent this agreement or withhold winnings due to backers.
Payment methods PM for details
Bank Wire Transfer
"some" Paypal (small percentage)
Old school Mail Cashier Checks (certified mail)
Payments to Backers
Bank Wire Transfer
Bank Deposit (if banks are in local area)
Old School Mail Cashier Checks (certified mail)
"some" Paypal (small percentage)
10-27-2014
, 12:41 AM
Looks like I'm sold out
if you want to follow this stake check out my PG&C
http://forumserver.twoplustwo.com/17...inder-1333131/
the stake portion of my PG&C begins here http://forumserver.twoplustwo.com/17.../index103.html