Welcome to TBS Ventures
F A Q
Note: This opportunity is not available to US residents.
Who are We?
Where is the company located? What functions or roles do the organizers fulfill?
Our integrity is important to us. Because of our careers we understand the value of proper business practices. It requires two signatures to sign every corporate cheque. Investors/partners will be able to monitor our success as we achieve stated milestones. Communication to all partners through the web site, on-line chat sessions and email will be regular and will keep all partners apprized of milestones met and the success of this venture.
What experience have you had operating a poker site? Is this a Pyramid scheme? Who should Invest?
Who is the company trying to recruit to join the venture? How many shares should I buy? Why have you sought to limit the type of investors in the company? Why do you keep using the terms Investor/Players or partners? Can I get a refund if I change my mind? Why invest now? Why have you limited the number of units that can be purchased to $3000.00 or 100 units per partner? Can I buy more units? How many units are going to be issued? How much money do you intend to raise? Marketing Strategy
Where do you intend to recruit new investor/players? How many investors/players do you intend to recruit? How can we make any money if there are so many people involved? Why cant I invest more? Why do casino employees receive 10% more units? Do I have to sell anything to join this venture? Will partners have the ability to offer comps like a casino? Will the site be actively involved with Web marketing? How will we get enough players to our site? AFFILLIATE PROGRAM
What is an Affiliate program and will we have one? Will the founding partners earn money off me, as a partner-player from the affiliate program? Why do you give a bonus membership unit to partners for the people that they referred? Isn't that a pyramid scheme? WHY INVEST WITH US?
What is different about this poker investment opportunity from every other proposed site? What kind of a return on investment can I expect? Financials
How much are you paying yourselves to run the site and raise the money? If you are not paying yourselves, why are you spending so much time, effort and money promoting and developing the business plan? How many members do we have now? How much money have we raised to date? What has our money been spent on? Income Generation
How do poker sites make money? $3.00 per hand? Thats all? Fast Facts
Are there other Canadian companies involved in online gaming? I heard this was illegal. Poker is just a fad. What about when it busts? Who designed the software we will use? MILESTONES
The partners expect to reach certain Milestones Forum or blogs Offshore corporation Software purchase and/or licensing Offshore hosting Beta testing Grand opening
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TBS Ventures Ltd. is located in Edmonton, Canada where all of the organizing partners reside.
At present the main roles are website design, corporate functions such as banking, negotiating with software suppliers and marketing. We are all gamers with a lot of poker experience. We have been researching online gaming for about four years and are non-managing partners in another gaming venture. We have experience in a variety of successful internet ventures. The organizers are located in Edmonton, Canada and therefore are very easy to reach and to be held accountable.
Four of us have been involved in marketing a poker site in the past. We learned a lot during the process and we will bring a lot of that experience to bear on the new venture to make it very successful.
No. We are raising capital for the sole purpose of marketing an online gaming site. We will not be paying ourselves a commission or receiving any part of the proceeds directly or indirectly as income. Money will be spent only on items that add value to the business and have a receipt attached. Pyramid schemes or Ponzi schemes exist to distribute money from the last investors to the first investors - who are always at the top of the pyramid. They do not provide a product or service.
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We are concentrating recruitment on four groups of people: marketers, computer industry professionals, casino employees and players
We recommend buying a number of shares that is equivalent to your level of involvement with the company. If you will be playing frequently or you intend to bring in a lot of players or partners we recommend buying the maximum you can reasonably afford up to $3000.00. The minimum you can purchase is $300. All applications will be reviewed on a case by case basis.
Our main concept is that we are creating a club for existing players who will save money on their existing play as well as earn a return off of future members. Once we have raised enough capital to manage and promote a gaming site we will already have in place enough players to maintain a critical mass, to not only cover all expenses but will also generate an excellent return on investment and be able to grow the site very quickly. We require people with computer and marketing skills, in particular E-marketing skills in order to grow the partnership. Casino employees tend to play poker and they have a large number of contacts that play both in a casino and on-line. Finally, players are the reason we are building this company, it only makes sense to play at a site that you have a vested interest in.
The more investors we have that also play online, the better the overall return on investment will be once the site is up and running. The business as we envision it is comparable to a gaming club that returns its investment to existing members. Any guests that the members bring in to the website will increase the over-all return on investment for everyone. Once our E-marketing programs and affiliate program are up and running, the return on investment will once again increase dramatically. By having a very high ratio of players to investors there will exponential growth that is excellent for all partners.
Yes. Should you change your mind at this early stage of development a 100% refund will be issued.
Every company is riskier in its initial stages. To compensate investors for that risk they need a higher return on investment. This is achieved in our model by allowing investors at this stage to buy units at the cheapest price. The price per unit will be increased twice in the future as deemed appropropriate. Members that buy units now will save the most and consequently earn the highest return. Units will be going up in price shortly. The last gaming site we were involved with took three months to sell 25% and less than one week to sell out of the last 50%.
We believe that the more partners that join the sight, the better the return on investment will be for all members. This is both because the cost of operating the site will be spread over more players and more people will be involved in marketing the site to new players. Special consideration has been given to investors that can bring a particular skill set to the site or demonstrate their worth in marketing to potential players. This is also partly why casino employees receive bonus units for joining the company. If you want to purchase more than 100 membership units please contact the administration to explain how you feel you can add more value to the site than the average investor/player. Decisions will be made on a case-by-case basis.
We are capping the number of units that individual investors can own at 100 (not including bonus shares or casino shares). You can re-buy until you hit that level without obtaining permission from the managing partners. Decisions will be made on a case by case basis regarding buying more than 100 units. The decision will be based on what skills you can bring to the company.
At most 12,000 units will be issued. If we raise enough money to adequately fund the company by selling fewer units then we will stop issuing units once we reach 10,000.
About $250,000.00
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A prime source of potential investors will be local casino employees and players.
Our goal is to have between 200 and 300 investor/players. However, we believe the minimum number required for a successful launch is 100.
As the site continues to operate and bring in more players there will be exponential growth. Whether this is from a large investment base or a small one, the impact can be fairly dramatic. Having a large number of player/investors will guarantee profitability for a number of reasons. First, our operating costs will be immediately spread over a much larger base as more partners play on the site. Second, each player is a potential marketer and will enable the site to grow faster as they bring their friends, family and acquaintances. Third, having the steady gaming base will guarantee a certain level of activity that will allow us to market the site without having to raise more investment capital. The more investor/players we have: the lower the overall level of risk. Finally, we encourage people to buy up to 100 units if they will be actively promoting the business or they will play a lot online.
As stated above casino employees bring a lot of contacts and experience to the site. Most know a lot of players and will be in a position to recruit new players as well as convince existing online players to move to our site.
No. We appreciate any marketing that you do particularly among your friends, family and poker cronies, but you are not required to do anything once you purchase membership units. All we ask is that you only market to friends, family and acquaintances that play.
Our plan is to allow many investors the ability to offer deposit bonuses, free-rolls and tournament entries to players that they recruit. Depending on the number of units that you buy and the number of investors that you bring into the company we will give you greater input when deciding your particular marketing budget. For example, we will probably have a standard percentage of bonus dollars for a first time deposit; however some partners that have demonstrated a commitment to marketing will get a larger budget to spread around among their players.
Absolutely. Three of the founders manage computer networks and they are involved in other online marketing activities. We will put that knowledge to use actively marketing this site.
The beauty of our business model is that we do not need a lot of players to succeed because the operating costs are very low. Since we are pursuing investors that are poker players we believe they will play on the site and allow us to achieve the critical mass before we even start marketing to general gamers.
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An affiliate program pays someone a percentage of the rake generated by players that are referred to a poker site.
We will have an affiliate program. It will be the one provided by the gaming software company.
Many people earn a very good living simply finding people to enroll in affiliate programs online.
No. We do not earn money off other partners in the affiliate program.
We give membership units in order to reward hard work. It is hard work to convince people to risk their money in a venture that has no guarantee. It is also a way to identify people who are committed to making the venture successful. Partners who have brought a large number of people in who also own a large stake in the site will be committed to making sure the venture is successful. They will bring in more players and ensure that the site will grow faster. It is not a pyramid scheme because only one level receives a bonus unit, no money changes hands and the size of the bonus is quite small.
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This business has been built slowly and built right. The administration has taken the time to learn the ropes through research and involvement in other gaming ventures and they have taken the time to patiently build a solid business plan. Establishing the business as a local club and branching out from there is a strategic advantage over other new gaming sites.
If the rest of the industry is any example, our growth will be explosive and our opportunity is huge. Gaming continues to grow in all jurisdictions from the small corner pub with three VLT's to the mega hotels being built in Vegas. Party Poker stated that they were on track to sign up 800,000 new money players in 2005. A tiny fraction of that will provide us with an exceptional return. The bottom line is that if you already play online, you will be earning a piece of that money back from the site that will increase with time.
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Nothing. Money is going to be spent only on activities for which a receipt is generated such as banking fees, legal fees, software licenses, servers, hosting and marketing.
We are not paid salary or wages, however we will earn money because we own more units than most partners.
The number is changing daily - check the site for the latest information.
We have about $140,000.00 committed to our venture. We believe we will have $200,000.00 by the time we launch in July/August 2007.
Potential investors funds have not been spent, and will not be spent until the completion of our Memoranda Offering. Virtually all of the work thus far has been performed at no charge by founding members. We have paid banking fees, hosting fees and we have spent money on paper, business cards and marketing. Our burn rate (expenses) is very low.
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Poker sites collect a fee from each pot when a hand is dealt. Online this fee is usually $3.00 or less per hand.
It adds up pretty fast when players play up to 100 hands per hour per table. Our site will also offer casino games.
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There are many, many poker sites that are indirectly owned and operated by Canadians. In order to address the legal issues most companies host the site and place the servers overseas. Several Canadian gaming companies are publicly listed (trade on a stock exchange) such as Las Vegas from home and Cryptologic
When Vegas closes down, or at least stops building brand new 5000 room hotels we will believe gambling is in decline. Right now in the city of Edmonton alone, there are 7 large casino's with poker rooms that are operating 24 hours a day 364 days per year. If we only get a piece of the local market for online gaming we will be very profitable. If we also get a piece of the larger market we will be hugely successful.
We are still investigating our options.
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as we progress from a capital-raising venture to a fully functioning gaming site. We will advise you as we meet them. Funding certain levels of investment will be reported to unit-holders as we will then be raising the price of a unit.
We will be creating space for a weblog or blog to communicate with our partners at minimal cost.
We must have a management agreement with an offshore corporation in order to market a gaming company. Unfortunately, it costs several thousand dollars in registration and legal fees and it takes a few weeks to finish the process. We will advise you of our progress in these matters.
The venture will have to make a decision as to which software service provider we will use. This will cost from $80k - 150k depending on the provider.
We will need to reach an agreement with a hosting company, which will be assisted by the gaming software company.
We will want to test the site to ensure it runs smoothly before opening to the general public.
We expect to begin the software purchasing process in June of 2007.
We should be going hard by August 2007.
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E-mail: admin@tbsventures.biz