RancidPunx Posted June 20, 2016 Share Posted June 20, 2016 TLDR : A friend of a friend has developed an app and is looking for funding . Â So a chap I kinda know developed this app which is on its second of funding (500k). He is looking for investors. The app sounds like a great idea that does have potential. Â I've never invested in anything before and am curious about getting involved. Realistically I have 10k that I could potentially invest. The lad is a decent sort, has his own businesses and is a bit of an entrepreneur type. He has won some minor startup awards. Â Has anybody ever invested into an app? Â What sort of questions should I be asking before I might your man forget to discuss ? Â What sort of return could I expect on 10k? Link to comment Share on other sites More sharing options...
Paid Members FLips Posted June 20, 2016 Paid Members Share Posted June 20, 2016 What's the app? Link to comment Share on other sites More sharing options...
Paid Members SpursRiot2012 Posted June 20, 2016 Paid Members Share Posted June 20, 2016 Unless the app is an absolute game changer, I think putting 10 grand into it is a bad idea. Link to comment Share on other sites More sharing options...
Guest Posted June 20, 2016 Share Posted June 20, 2016 500k on an app seems rather much. If your 10k is a 50th share , it would need to make a massive amount to be worth that risk. Link to comment Share on other sites More sharing options...
Paid Members PunkStep Posted June 20, 2016 Paid Members Share Posted June 20, 2016 What sort of questions should I be asking before I might your man forget to discuss ?  What sort of return could I expect on 10k? That would be a good start. If you're putting in £10k, go through his business plan with a winkle picker. Link to comment Share on other sites More sharing options...
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