This week, Razvan Tirboaca and Razvan Iacob reached an agreement with Cristian Manafu concerning his involvement in AdCaptcher as Advisor.

Adcaptcher is a tool that provides advertising through captcha (you know, those words that you are required to copy every time you register somewhere on the web). Razvan & Razvan told us that Manafu knew about this project since the birth of the idea and the three kept in touch for the following developments. When Seedmoney launched the advisors list, the two founders saw the opportunity and decided to approach Cristi for the advisor role.

They reached an agreement in less then a week and the business share offered to Cristi Manafu was 2%. “We now have a gentlemen’s agreement but we are going to take care of the legal aspects very soon” told us Razvan Tirboaca, one of the founders.

Cristian Manafu agreed to participate in Seedmoney’s startup advisory project and, from what we know, he is the first to be involved in a web project as advisor. Cristi will contribute with advice to product development and communication.

We wish AdCaptcher succes!

TWIP, real time collaboration, return on investment, Break Even, Development Plan…

Those were the words we expected to hear in the first SeedMoney meeting. However, it was not quite like we expected. Vlad seemed to be more interested in our professional background and our vision on TWIP – not in the financial estimation on our project. Regarding cash flow, we were asked only two question: “How much money do you need?” and “How soon can you break even ?”. No details, no charts, no profit and loss estimates. No bullshit.

Following that, we had a more technical meeting with two of Vlad’s collaborators. They challenged our concept, they gave us good ideas and suggested various approaches on how to achieve real-time collaboration. It was constructive feedback in an informal discusiion more than it was a job interview.
In less than 2 weeks, we were told we got the investment. It was a boost of our self-confidence, but the actual challenge of our start-up was only about to begin. Now we had the resources we needed at our disposal – we knew there was a lot of hard work ahead.

You need more than money to start-up a project. You need trust, enthusiasm, fresh ideas, networking and a lot of courage. SeedMoney invested all of the above in our initiative. A business cannot start by itself, it needs to be fed somehow, at least until you hit the market.

If right now you’re preparing your pitch for SeedMoney – think about the money, but don’t focus on that. Develop on how and why and when your idea is going to become your success. Don’t oversee the details, but don’t lose your vision either. These guys really care about that.

Work on your concept and learn to trust it. Learn to trust yourself. Be honest. We did and it worked out for us @ SeedMoney!

 
Cristian Andreica
Co-Founder Ninth Prime Technologies
Web: www.ninth-prime.com

Today, at 3 p.m. on Twitter, we published a first investment @seedmoney for 2009: TWIP, a project developed by @bogdanbocse & @acristian. For details, please click here.

Media:
Startups.ro, Dailybusiness.ro

Good Luck!

Yesterday, at Crazy Pawn on Floreasca BLD (Calea Floreasca) the first Seed Money party took place – London style (more people outside the bar than inside) – celebrating our first partners. It started at 7 p.m., but as we were siging “We are the champions” in karaoke show we realized is was 1.30 a.m. We had a great time and we promise that is just the beginning of a “work hard – party even harder” relationship.
One thing we’ve realized: attraction laws are really working…

One hour ago on an online Twitter conference we  announced the projects that SeedMoney became partner in (with an up to 20% investment). These projects, as well as the entrepreneurs, are:

1. CaptainGO – Entrepreneurs: Vladimir Oane and Lavinius Marcu
2. Strada32 – Entrepreneurs: Mirela Ciucur and Liviana Mustafa
3. Trigwee – Entrepreneurs: Cătălina Rusu and Octav Druţă
4. 2Parale – Entrepreneur: Radu Spineanu

We really believe in the success of these projects and we are waiting for the next applicants!