Tuesday, February 19, 2008

Update on "Reader Pledges' 6 Weeks In

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Thanks for everyone who has contacted me either by posting in the comments section on the "Readers Pledges Towards Raising $15M" post or contacted me directly via email. As I stated, I was not even going to begin the process of "fund raising" until a longer track record (at least 1 year) has been established but since readers were already reaching out to me, I decided no time like the present. Below is where things stand after just 6 weeks. Ironically my biggest readership concentration is NYC but only 1 investor pledged - I can only assume all those money managers are reading my ideas to use for their own hedge funds ;)

I broke the investment pledges into 2 pieces: (a) firm and (b) good probability. If both pieces are accurate that is already a potential $750K pledged towards the mutual fund once launched, which is a fantastic start. Thanks again readers. Hopefully once a full year track record is built, we'll get some more converts coming in.

And let me add, if you change your mind and want to rescind an investment pledge and/or change the amount, please let me know since I simply want to be able to see as the months go by, where I truly stand in this process. Thanks.

As always, you can see how I am doing by verified independent 3rd party metric here: 'Rising Tide Growth' performance

Group A: Firm commitments

Investment Who Where
$75,000 Self MI
$2,500 Michael D Oceanside, CA
$7,500 Oth Parts Unknown
$10,000 Dean D San Jose, CA
$2,500 Oza P MA
$20,000 Oren L Chicago
$10,000 Rob T NYC
$5,000 Ryan Seattle, WA
$7,500 Ted Sunnyvale, CA
$2,500 Brian P Cerritos, CA
$22,500 David B Middlesex NJ
$50,000 Ian San Antonio, TX
$40,000 LiquidWindows Deep in the heart of Texas
$5,000 Jonson LA, CA
$5,000 Jimidean Parts Unknown
$3,000 Brooks R Baton Rouge, LA
$5,000 Zlatanscores Parts Unknown
$3,000 Ben S Portland, OR
$5,000 Sheng S Omaha, NE
$10,000 msuberri NJ
$5,000 David W
Houston, TX
$10,000 Ryan T NJ
$3,000 NandaK Nashua, NH
$2,500 WaltF Parts Unknown (via email)
$2,500 Joe Scranton, PA (via email)
$2,500 Todd Parts Unknown (via email)



$316,500 TOTAL


Group B: "Good Probability" commitments

Investment Who Where
$250,000 David R South Carolina (via email)
$100,000 A.F. Los Altos, CA (via email)
$100,000 Satya Parts Unknown (via email)



$450,000 TOTAL

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