South London Entrepreneur Set to Raise Seed Capital through EBay
A 26 year old student from Lambeth, South London is on the way to raising almost £10,000 in seed funding through an EBay auction this week. 100 people have the opportunity to own a 5% stake in the revenue from the PCs in an internet café for 5 years.
London, United Kingdom, March 31, 2006 --(PR.com)-- Interest is running high, with more than 500 people viewing the advert in its first 4 days online and over £2,400 in funding pledged so far.
Saif Bonar, the entrepreneur who came up with the unique fundraising method, is hoping for more bids to come in over the weekend before the auction closes on Sunday at 11pm.
Commenting on the auction Saif said “Bids were slow in coming until today and stress levels have been high as a result. But with more than 20 people actively watching the auction and some big bids today, I am hoping for a positive outcome.”
Interest in the auction and the venture is reaching fever pitch with enquiries coming in from a broad range of people across the world. The low cost of involvement has seen interest from a diverse group of people, ranging from those on a budget who want to invest under £100 and hope for a big return, through to more serious investors who are bidding on up to 16 shares.
Editors Notes
Saif Bonar is a 26 year old studying Information and Knowledge Management at London Metropolitan University. He has lived in Lambeth since he was a young child in the mid 80’s. Saif is also a director of YouthWorks Limited, a company he founded 12 months ago offering information and communication and web solutions to the youth and community sector.
The Internet Café will be located on Brixton Road, London, SW9 6BS, near the Oval Tube Station. It will differ from competitors by offering high spec systems, quality customer service, lower prices and a booking facility for guests and members. All machines will be P4 with at least 512MB Ram.
Further Details and Contacts
§ YouthWorks web site: http://www.ywks.org
§ EBay Auction: http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=7604319556
§ Media Contact: Saif Bonar, 07966 960 625 / 0870 199 5764.
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Saif Bonar, the entrepreneur who came up with the unique fundraising method, is hoping for more bids to come in over the weekend before the auction closes on Sunday at 11pm.
Commenting on the auction Saif said “Bids were slow in coming until today and stress levels have been high as a result. But with more than 20 people actively watching the auction and some big bids today, I am hoping for a positive outcome.”
Interest in the auction and the venture is reaching fever pitch with enquiries coming in from a broad range of people across the world. The low cost of involvement has seen interest from a diverse group of people, ranging from those on a budget who want to invest under £100 and hope for a big return, through to more serious investors who are bidding on up to 16 shares.
Editors Notes
Saif Bonar is a 26 year old studying Information and Knowledge Management at London Metropolitan University. He has lived in Lambeth since he was a young child in the mid 80’s. Saif is also a director of YouthWorks Limited, a company he founded 12 months ago offering information and communication and web solutions to the youth and community sector.
The Internet Café will be located on Brixton Road, London, SW9 6BS, near the Oval Tube Station. It will differ from competitors by offering high spec systems, quality customer service, lower prices and a booking facility for guests and members. All machines will be P4 with at least 512MB Ram.
Further Details and Contacts
§ YouthWorks web site: http://www.ywks.org
§ EBay Auction: http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=7604319556
§ Media Contact: Saif Bonar, 07966 960 625 / 0870 199 5764.
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Contact
YouthWorks Limited
Saif Bonar
0870 199 5764
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=7604319556
Saif Bonar
0870 199 5764
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=7604319556
Contact
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