Today’s EDB is about a business idea and how to introduce others by arousing their interest. This is big if you are contemplating a concept presentation to create seed money.
Jasmin and Martin had a brilliant model for financial accounting which would revolutionize how money laundering enterprises could filter dirty finances. Yes, you are right, a model that could help turn dirty cash into clean coinage.
They hosted a party for potential investors to get them in. Their online platform worked well, but they needed seed money to make it into a functional business model. Introducing it through networking was a discreet way to get investors.
Martin closed his eyes and pictured the celebration in full swing. Clients were the base of any business to be successful. He knew he had to invite unscrupulous businessmen and women and then while they were enjoying the event inconspicuously make them aware of the system.
They were banking on getting enough guests to find the right venture capitalists who would see the opportunity as a life-saver for enterprises, especially because governments rip them off. Anything, “Robin Hood” was a welcome change that anyone could aspire to offering a helping hand.
Written by Carl Boniface
Vocabulary builder:
Seed money (n) = Seed money is the kind of financing which is used to finance a new startup or new enterprises at their initial launch stage in exchange for equity. The word “seed” denotes the notion that if a plant is to be grown, then the seed is required; likewise, if a business is to grow initial funding is required.
Robin Hood (n) = a person or group likened to a heroic outlaw especially: one that robs the rich and gives to the poor.
Match words that have the same meaning:
· Party
· Money laundering
· Celebration
· Filter dirty finances
· Inconspicuously
· Discreet
Answers will be shown in tomorrow's blog.