Tom Delonge 2015' title='Tom Delonge 2015' />Im a huge Tom De. Longe fan, but dont invest in his latest venture. Like the title of this article says, Im a huge fan of Tom De. Longe former blink 1. Angels Airwaves for many years. This includes supporting his music as well as his movie projects, but the other day, Tom announced his latest venture To The Stars Academy of Arts and Science and this one, well, this one is different than previous ones. Tom Delonge 2015' title='Tom Delonge 2015' />This feature is not available right now. Please try again later. In a recent article published by Paper Magazine, Tom Delonge, cofounder of Blink 182 expressed his interest in UFOs, aliens, and. Get the guaranteed best price on SemiHollow and Hollow Body Electric Guitars like the Epiphone Tom Delonge Signature ES333 SemiHollow Electric Guitar at Musicians. Last Thursday musician and UFO enthusiast Tom DeLonge appeared on The Joe Rogan Experience in order to promote To the Stars, Inc., his forprofit technology and. Click for Part 1 In Sekret Machines, Tom DeLonge spends much time describing the corporate involvement in developing a secret U. S. space program. Biografa. Thomas Matthew Delonge Jr. Poway, una ciudad del condado de San Diego, California. Es el segundo hijo de Connie y. SHARE THIS POSTTweet Like the title of this article says, Im a huge fan of Tom DeLonge former blink182 guitaristvocals Read More Im a huge Tom DeLonge. Blink182s Matt Skiba says he toiled and troubled his way out of playing the doomed Fyre Festival. Skiba, who joined the popular band in 2015 after. Tom-DeLonge-Quit.jpg' alt='Tom Delonge 2015' title='Tom Delonge 2015' />This time around Tom is using an equity crowd funding model to raise money for his new company. While theres nothing inherently wrong with this model of fundraising, Im truly concerned about the viability of said company after reading the offering letter. In the most TLDR version of the letter, it reads THIS IS A BAD IDEA, DO NOT INVEST. Obviously Im paraphrasing here, slightly. Yet despite the horrifying offer letter, as of me writing this, 6. Yikes. So why shouldnt you invest in Toms new company There are several reasons so bear with me as Im going to attempt to break this down for you. Not enough funding massive dilution. In this offering, the maximum amount of money that Tom co. Ill stop right there for now, it will certainly not be enough based on the projects outlined and described in the offering letter. Several of these projects are aerospace initiatives or advanced technologies that require significant R D. Ill put it in perspective for you NASA requested 1. US government for its 2. Tom expects him and his team to be able to build rockets and interplanetary space travel vehicles for 5. I dont think so. Furthermore, look at Space X, in its first ten years of operation the company operated extremely lean on 1 billion. Of that 1 billion, Elon Musk himself put 1. So what youre thinking, Toms company will just raise more money. Ver Peliculas Romanticas Gay more. Sure, if they find some success and build a viable product they can go out and raise some more money. Hypothetically, lets say they do find some success with a product or two and go out to raise more money. How does that affect you It affects you a great deal. Remember that 2. Yeah, those 4. Your already paltry ownership stake will now be even more microscopic. Even if you disagree with me and decide to invest your 2. Common Stock you get no power or say in the company and frankly, considering how early on youre investing in this new company with pretty much no product, very little revenue, and no profits, Id expect to have Common Stock with rights attached that give some power to shareholders. These things alone should convince you investing in this company is a bad idea, but theres even more reasons not to. Hows your invested money being spent According to the offering letter, the minimum qualifying funding is 1 million, so in order for the fundraising to complete, Tom needs to raise at least 1 million through this crowd equity campaign. As we just discussed, 5. It wouldnt help with anything other than paying back Tom for a loan he gave To The Stars in 2. As you can see in the letter, it outlines how the money would be spent based on possible amounts that could be raised, well, I want to call your attention to one line in particular Approximately 6. Our Two Dogs, Inc. Who do you think owns Our Two Dogs, Inc. Tom De. Longe. If you dont believe me, read the letter, it says it in there. Now thats fine, I guess, hes entitled to be paid back if they successfully raise funds, but heres another line from the use of proceeds section If the offering size were to be less than 5 million and above the 1 million minimum, TTS AAS would adjust its use of proceeds by reducing planned growth of employee headcount, reducing operational costs, and slowing down projects or not making investment in projects. The company is also required under the loan to Our Two Dogs, Inc. So let me get this right, the To The Stars offering brings in less than 5 million from crowd funders but Tom essentially makes back his loan and the company continues to operate at a bare bonesskeleton crew level. That just isnt right. Your investment in To The Stars would essentially be to continue to fund payroll for Tom and his few full time employees for another year. Its hardly a smart investment on any level. Additionally, theres another line you should look at We are required to pay a minimum royalty guarantee of 1. That royalty payment is a minimum 1. Tom, regardless of whether or not revenues exceed 1. Seriously These crazy projects lack of talent. Ill start this off saying, Im sure Toms a smart guy, but Elon Musk is smarter and if he isnt working on these things described by Tom what makes you think they are a possible and b worthy of spending time on Or maybe Elon is working on some of them in which case I give Elon the upper hand, not just because hes likely smarter but because he already has an established team of smart people around him. So if you want to invest money in space, give it to Elon Musk. Building on the crazy projects, the company only has three full time employees currently, Tom and Kari De. Longe, and Lisa Clifford whos the secretary. In the letter it notes that the company has a relationship with James Semivan, Harold Puthoff, and Louis Tommasino but they are all contractors not full time employees, so how much time will they be actually spending on the company, especially if theyre not getting paid Ill tell you zero amount of time. And honestly, do you think people are going to leave Space X or Tesla or Apple or Google or any number of companies to go work for Tom De. Longe building rocketsspace ships Unlikely. Look, I get it. You want to support Tom and his workI do too, but dont go blindly giving him 2. And frankly, Im a bit disappointed by this move from Tom, I had a lot of respect for him musically but also from a business perspective but this is just not coolhes using his fanbase to reimburse himself for the past two years, or at least thats what it looks like to me. Id love to be wrong.