Dragon's Den is the BROFUND's Shark Tank

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(Edited)

You know the show Shark Tank right? Poor entrepreneurs, who might already be in debt and have several years working on their project, go before a bunch of people with money and hope to sell them on some sort of deal - whether it be equity, partnership, line of credit or some other arrangement.

The show is so popular it is popping up in other countries!

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Well for those of you who didn't know, the @brofund has its very own version of sharks, they are called Dragons, and now @brofund is launching an asynchronous version of the Shark Tank called....

Dragon's Den!

Now we have a colorful cast of characters as our Dragons, more than 20 of them. Dragon's Den is completely voluntary on their part, so no guarantee that you will get advice or questions for any of them in specific.

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Oh yeah, the Dragon's Den has some of the biggest and most 'popular' users and investors across the HIVE blockchain, where else could you get some of these together in one room? And take a look at the ones that are offline at the time of posting, big names!

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So leave it to @raymondspeaks - he gets all these high quality individuals together in a room, the requirement of which is 1000 BRO by the way, and what does he decide to do? Try to get some value out of it! Even if its just entertainment value to start with, I forsee that this new room, the Dragon's Den, will be one of great value.

The Hivebuilders, @gringo211985 and @votebetting, went first, and presented their DEFI and SCV - Splinterlands Community Validator tokens. I'm not sure if any one bought, I did buy about 500 SCV tokens for the INCOME fund. I set some lower buy orders, but having a hard time getting them filled - people seem to value the fractions of the validator almost double to the validator itself. Of course because the Splinterlands Node License is quite expensive, and you can't buy fractions.

So needless to say, I learned a bit in the first round, and, although a Dragon myself, I decided to throw my hat in the ring. I am on the look out for cash right now, and had an offer for the Dragons:

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So the idea is supposed to be a win-win, firstly, I want the Dragon's Den to bring as much value to the ManCave (and BroFund) as possible, that means we need some projects to work up the courage to pitch to our Dragons. Even if no one invests, the valuable feedback for a project might be priceless.

If you are building a new or continuing project, I would say that you should practice your pitch in the Dragon's Den - where powerful dragons will help beat you into shape with sharp questions!

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One big question about tokens is always - is this legal? There are most probably some things on Hive-Engine that are not legal in the US because they are unregistered securities. Of course, I maintain that this profit is all an illusion for entertainment.

That may not go far enough though, as renown dragon Marky pointed out. Since I'm in Colombia, crypto is just funny money and we only report when we turn them into fiat, I maintain that HIVE is 'funny money' and this is all for entertainment. You of course should seek advise from someone who isn't me for your own personal situation.

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Again and always, these things are the way I understand it, and you should seek professional counseling if you care that much about what the government thinks. Don't just listen to random people that you trust on the internet - seek professional counseling!

So I think that someone who buys my tokens, and lives in the US, could get me in trouble. Please don't do that.

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So after all that (and a lot more!), I have managed to sell over 368 tokens towards my goal! The next tranche are available for 5.9 HIVE here, get them while supplies last! 5.9 HIVE per token represents a 25% discount to the Net Asset Value of the fund, that's a lot of entertainment wrapped up in a single token!

And continue to follow me, @ecoinstant, for all the best adventures from around this chain. I love HIVE, I live it, and I have integrated it into my life. Ask any questions here for me. And join the ManCave Discord to get access to the rest of the dragons' clever questions about my fund - and other projects to come.

Freedom and Friendship



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17 comments
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Bang, I did it again... I just rehived your post!
Week 121 of my contest just started...you can now check the winners of the previous week!
!BEER
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That sounds like a great project! I can't wait to see the results in a few years.

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We will keep building it up, discord users can watch, only dragons can speak!

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(Edited)

Interesting concept, and yet another reason to accumulate BRO. I have exactly .5 Bro tokens, only 999.5 to go! :)

BTW, Shark Tank Australia is as good as the US version, they even have their own Kevin!

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You can do it!

Also feel free to read through the Dragon's Den discord to see what is going on, and come and chat in the pub about it.

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I like this project. Good luck and best wishes.

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Dragons' Den is the Canadian show that Shark Tank spawned from and where Kevin O'Leary started from. Was it pure coincidence that you chose the same name?

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I am learning that Ray, a UKer, fooled all us americans with this ploy!

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