Q: Is there a lot of risk involved?
As with any investment, there is some risk involved. Gimado reduces the risk, and increases the reward by following proven steps towards success and hiring an in-house staff of highly motivated, experienced, intelligent individuals.
Q: Is there a minimum investment amount?
Investments must be made in intervals of $1,000
Q: Why do some profiles show "Money Invested" as a number not a multiple of $1,000?
Submitting an idea cost $100 and you get 15% of the future profits of that idea. Money spent towards submitting idea is considered money invested.
Q: Why are the returns a lot higher on Gimado?
There are a couple reasons why our members on average, receive a significantly higher return on their investment. Gimado allows members to get in on the ground floor of a business- you are investing in ideas that have enormous potential. Why do they have enormous potential? Gimado is a self-regulating marketplace, that means if an idea does not spark the interest of a large amount of investors, it will not get fully funded, and ideas that do not reach their required investment are simply discarded.
Q: I've never seen anything like Gimado.com before. What is it?
Gimado simply provides a revolutionary way of investing in other peoples ideas with a greater return rate and a smaller risk.
Q: What happens if a funded idea "fails"?
As of right now, there has not been a failed idea. A failed idea is defined as something that does not atleast break even. Once you get the ball rolling on something, it is harder to fail than you think. If an idea is not working as planned, it must be modified & improved.
If a website is having major problems growing, a recovery strategy would be put into place. This may involve major changes to the original idea, or (if funds are the only problem) even attempting a second round of funding from the Gimado marketplace.
Q: Do Idea Givers or Investors percentages represent ownership in the idea/business?
The percentages represent a guarantee for that percentage of the profits. Full ownership is maintained by Gimado to maximize success & profitability. Gimado has proven its ability to create profitable businesses. Gimado wants to take care of the headaches and stress involved with running a business. We have a full staff for that very purpose. Idea Givers and Investors percentages both represent nothing more than a guaranteed percentage of the profits.
If you are looking to become the CEO of a start-up company, Gimado is probably not for you.
Q: Can I buy or sell my guaranteed percentage of the profits?
Yes you can but only on the official Gimado "Aftermarket" This section of the website allows you to view ideas that have a "guaranteed percentage of the profits" up for sale by another member. The seller must specify how much they want for it, and the buyer must have the funds available in their account.
Q: How long does it take for an idea to be fully developed? How long till it becomes profitable?
Some ideas take longer than others, but it will always be our priority to bring an idea to life as quickly as possible without sacrificing quality. Starting a business in a constantly changing world, full of people who could have a similiar idea, taking too long to launch it could be detrimental, so we don't take our sweet time, we work hard & fast to maximize success & profitability. The best case scenario for an idea to be fully developed is approximately 30-60 days. For legal reasons we can't speculate about profitability, but you can check out the success stories page or our own community forums.
Q: What is Gimado's motivation to create success?
It is Gimado's number one goal to turn ideas into profitable businesses. Gimado's share of the profits are percentage-based. If there are no profits, we gain nothing. Our business relies on the success of our members ideas.
Q: Do ideas have to be internet-only?
Absolutely not! We are involved with many manufacturers & distributors. Ideas are required to have an internet presense but that doesn't mean it can't have anything "real world". Many of our ideas require the creation of physical parts, creams, lotions, etc. If an idea gets funded, we will bring it to life.
There may at times seem like a lot of the ideas on Gimado are internet oriented, but this is to be expected. The internet is relatively new, and with that comes new technology, new ways to run an old business, and the ability to do business with the entire world instead of just a single city or town.
Q: Where is the invested money held? Is it safe?
All funds are deposited into an FDIC insured US bank account. Our bank is also DIF insured, which insures all deposits, and there is no limit to the amount they cover. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
Q: What happens if I want to be actively involved in an idea I submit?
You can submit a resume to be considered. If needed, and qualified, you may be allowed to join the team. You would receive compensation, like any other employee. Ideas are frequently submitted by experts in particular industries, and often times their knowledge & experience in an industry could be extremely useful in the development of an idea. Some people refer to this as "double dipping."
Q: Why can't I fund my account with a credit or debit card?
It is not a common business practice to be able to invest money using a credit or debit card. The risk of fraudulent transactions is extremely high. Additionally, low daily spending limits make it impractical.
As with any investment, there is some risk involved. Gimado reduces the risk, and increases the reward by following proven steps towards success and hiring an in-house staff of highly motivated, experienced, intelligent individuals.
Q: Is there a minimum investment amount?
Investments must be made in intervals of $1,000
Q: Why do some profiles show "Money Invested" as a number not a multiple of $1,000?
Submitting an idea cost $100 and you get 15% of the future profits of that idea. Money spent towards submitting idea is considered money invested.
Q: Why are the returns a lot higher on Gimado?
There are a couple reasons why our members on average, receive a significantly higher return on their investment. Gimado allows members to get in on the ground floor of a business- you are investing in ideas that have enormous potential. Why do they have enormous potential? Gimado is a self-regulating marketplace, that means if an idea does not spark the interest of a large amount of investors, it will not get fully funded, and ideas that do not reach their required investment are simply discarded.
Q: I've never seen anything like Gimado.com before. What is it?
Gimado simply provides a revolutionary way of investing in other peoples ideas with a greater return rate and a smaller risk.
Q: What happens if a funded idea "fails"?
As of right now, there has not been a failed idea. A failed idea is defined as something that does not atleast break even. Once you get the ball rolling on something, it is harder to fail than you think. If an idea is not working as planned, it must be modified & improved.
If a website is having major problems growing, a recovery strategy would be put into place. This may involve major changes to the original idea, or (if funds are the only problem) even attempting a second round of funding from the Gimado marketplace.
Q: Do Idea Givers or Investors percentages represent ownership in the idea/business?
The percentages represent a guarantee for that percentage of the profits. Full ownership is maintained by Gimado to maximize success & profitability. Gimado has proven its ability to create profitable businesses. Gimado wants to take care of the headaches and stress involved with running a business. We have a full staff for that very purpose. Idea Givers and Investors percentages both represent nothing more than a guaranteed percentage of the profits.
If you are looking to become the CEO of a start-up company, Gimado is probably not for you.
Q: Can I buy or sell my guaranteed percentage of the profits?
Yes you can but only on the official Gimado "Aftermarket" This section of the website allows you to view ideas that have a "guaranteed percentage of the profits" up for sale by another member. The seller must specify how much they want for it, and the buyer must have the funds available in their account.
Q: How long does it take for an idea to be fully developed? How long till it becomes profitable?
Some ideas take longer than others, but it will always be our priority to bring an idea to life as quickly as possible without sacrificing quality. Starting a business in a constantly changing world, full of people who could have a similiar idea, taking too long to launch it could be detrimental, so we don't take our sweet time, we work hard & fast to maximize success & profitability. The best case scenario for an idea to be fully developed is approximately 30-60 days. For legal reasons we can't speculate about profitability, but you can check out the success stories page or our own community forums.
Q: What is Gimado's motivation to create success?
It is Gimado's number one goal to turn ideas into profitable businesses. Gimado's share of the profits are percentage-based. If there are no profits, we gain nothing. Our business relies on the success of our members ideas.
Q: Do ideas have to be internet-only?
Absolutely not! We are involved with many manufacturers & distributors. Ideas are required to have an internet presense but that doesn't mean it can't have anything "real world". Many of our ideas require the creation of physical parts, creams, lotions, etc. If an idea gets funded, we will bring it to life.
There may at times seem like a lot of the ideas on Gimado are internet oriented, but this is to be expected. The internet is relatively new, and with that comes new technology, new ways to run an old business, and the ability to do business with the entire world instead of just a single city or town.
Q: Where is the invested money held? Is it safe?
All funds are deposited into an FDIC insured US bank account. Our bank is also DIF insured, which insures all deposits, and there is no limit to the amount they cover. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
Q: What happens if I want to be actively involved in an idea I submit?
You can submit a resume to be considered. If needed, and qualified, you may be allowed to join the team. You would receive compensation, like any other employee. Ideas are frequently submitted by experts in particular industries, and often times their knowledge & experience in an industry could be extremely useful in the development of an idea. Some people refer to this as "double dipping."
Q: Why can't I fund my account with a credit or debit card?
It is not a common business practice to be able to invest money using a credit or debit card. The risk of fraudulent transactions is extremely high. Additionally, low daily spending limits make it impractical.