I haven't really used the marketplace much (although I almost definitely will in the future), but I put together a similar package to the ones that get generated here, so I guess I just had a couple questions. I read most of the thread but not all, so I apologize if this any of this has been covered:
The posters posting the ONE LAST FINAL PACKAGE on their 5th package after I have bought pieces of their first and second are really tilting me by now. Each one takes away from the EV of previous packages and it is unfair and unethical towards investors. This shouldn't be allowed in the future.
Would you feel similarly about a horse whose package you bought who then sought out one-time deals during the same timeframe?
To use my example, I didn't include today's $5K shootout in my package, but at some point after busting yesterday's $1500, I had a hankering to play the $5K. I guess my question is, do investors/buyers here consider selling 1-timers in the midst of a package deal to be unethical or unlikable? I decided that it's basically not fair to my investors (in addition to being a hassle) basically because I have a $1500 tomorrow that IS part of the package schedule. I guess the critical mass of marketplace investors would agree with that?
On the flipside, I do think in theory there should be some way for me to take one-time deals that is still reasonable and fair to my original backers, and I guess the only simple way to do that is include it as a stipulation in the deal up front--that I reserve the right to take 1-time deals not included in the original package. Would that change the rate investors are willing to pay drastically?
Unrelated stuff I guess I'd like to mention in the email agreements I write in any potential future packages I sell:
1) Tipping policy (one of my investors specifically said I shouldn't tip, and I realized I should have asked everyone ahead of time)
2) Updates - just some mention of how and when I'll be doing updates (I prefer not to tweet regular chip counts) while agreeing to any special requests (like text/email updates every break)
3) Taxes - I'm just not sure what the best way to approach and phrase this is. My basic thinking is that I will need investors to sign for taxes once cashes hit a certain point, but I don't know if it's necessary to spell out what amount that is. I think it should go without saying that everyone is responsible for paying his own taxes based on the laws of his country, but if I cash for 50K total on a 40K package, I just don't care that much about getting 7 tax forms signed. However, if I cash for 140K, I'm going to need people's info for the taxman. Just curious how buyers and sellers think this should be codified or how often it gets codified.