Frequently Asked Questions

Just submit the create form

What a question?! You can get CouchChips by giving Mr. Idle your Dollars.

Chose the quantity of CouchChips you´d like to get and check by using your PayPal account.

You don´t have a PayPal account?
Mr. Idle´s advice: Put your bucks into your piggy bank. Obviously you´re not ready for venture capital business

For 1,- USD you get 12,- CouchChips

in other words, for 1,- CouchChip you get 0,0833 USD back. But note: You can only change integer numbers of CouchChips. There won´t exist any numbers behind the comma in CouchChips.

By clicking the "checkout" button in your account

Go to "Bank", choose the CouchChips amount you want to change back into US Dollars and "checkout".

NOTE: you can only change your liquid CouchChips into US Dollar. If you want to get your money back, you´ve invested in Asset Slips, you must sell your Asset Slips first!

Yes.
If you want to sell asset slips you own, select how many of them you want to sell, set the price you want to sell for and push them to the market.

If you want to buy asset slips, take a look at the exchange. See how many shares of which venture are offered for what price.

You want to sell some of the shares you own?

Go to "your couch", select how many Asset Slips you want to sell and set the price you want to sell each Asset Slip. Then push them to the market.
Now your Asset Slips are offered on the exchange for the price you´ve set. If any other CouchTycoon wants to buy some of the Asset Slips you offer for the price you´ve set, the deal is perfect.
If no one is interested in the Asset Slips you offer, you can´t sell.

You want to buy asset slips?
Go to "exchange" and see how many Asset Slips are offered for what price.
Select the number of Asset Slips you want to buy for the offered price. That´s it.

That´s how an Asset Slip price is established. It´s the last price of a successful deal between a seller and a buyer.

Visit "How can I trade Asset Slips?"

YES DEFINITELY!

Of course you can lose all your CouchChips. That may have several reasons. The venture you are invested in goes bankrupt, the market goes down, what ever...

So: ONLY CHANGE YOUR DOLLARS INTO COUCHCHIPS, IF YOU ARE READY TO LOSE THE TOTAL AMOUNT!

Mr. Idle´s guarantee: "I promise, CouchTycoon offers a 100 % opportunity of a total loss"

Mr. Idle is the virtual founder of CouchTycoon.

It´s the man on the couch competing with Uncle Pennybags (Mr. Monopoly). For detailed information check his private website www.idle.vg

Everyone.

But Mr. Idle of course reserves the right of publishing the venture to CouchTycoons.

Any!

Mr. Idle loves cool, foxy, a little freaky ventures with high potential most.

But basically you can propose everything between starting a small rabbit farm in China - starting with one rabbit with the goal to become the largest rabbit farmer in the world - to the acquisition of the Empire State Building to adapt it to the largest amusement arcade on fifty floors.

An entrepreneur has to attend on several duties

An entrepreneur has to:

Mr. Idle´s note:"A lot more will follow"

Mr. Idle´s "due diligence" is quite tough.

Mr. Idle doesn´t really like the look and feel of normal marketplaces where you can find hundreds and thousands of ventures, businesses or websites for sale. So he does a tough quality check on proposals of venturesthat want to be listed on CouchTycoon. He only allows ventures he likes in person.

It shows your actions concerning your portfolio.

That means:
"My Couch" shows your Asset Slip´s inbox. Every incoming asset slip is listed to the price it came in. However if purchased during ICO, if purchased on the exchange AND your not sold Asset Slip, you tried to sell on the exchange that you got back from the exchange because you didn´t sell them (for any reason).

"My Asset Slips On The Exchange" shows the Asset Slips (shares) you currently have on the exchange for sale.
Clicking "get back" brings your Asset Slip back to "My Couch" (marked with the value you tried to sell them).

For sure!

CouchTycoon doesn´t take a penny from any CouchTycoon who acts as an investor.

CouchTycoon gets money from the entrepreneur who starts a business. But only if a deal will be successfully closed!
That means:
If an entrepreneur tries to raise money for his venture, he does not have to pay anything until his venture will be fully funded.
If his venture will get fully funded - what means that every Asset Slip he offered on CouchTycoon must be bought from an investor - the CouchTycoon fees will be subtracted from the total raising amount.

Who gets what stake?
CouchTycoon gets 10 % of the total raising amount

The fees on CouchTycoon:

1. Change of USD in CouchChips:
In that case you only have to pay the paypal fee. If you like to get 120 CouchChips (CC) you have to pay:
10,- USD for the 120 CC
+0,35 USD paypal transaction fee
+0,39 USD VARIABLE paypal fee (IT IS 3,9 % OF THE VOLUME)
10,74 USD TOTAL

2. Change of CouchChips (CC) in USD
In that case you don´t have to pay anything on CouchTycoon.
You want to change 120 CC in USD? So you will recive 10,- USD from CouchTycoon. This procedure can take a few working days! AND NOTE: MAYBE YOU MUST PAY FEES TO PAYPAL ON YOUR PAYPAL ACCOUNT!

3. Entrepreneur´s fees:
An entrepreneur has to pay 10 % of the total amount of raising to CouchTycoon. An example:
You need 100.000,- USD
so you have to add 10 % of 100k.

Now your total required USD amount is 110.000,- USD
This USD amount will be converted into CouchChips for raising the amount at the ICO.
So your project will be offered with an total required CouchChips amount of:
1.320.000,- CC (1,32 million CouchChips)
But NOTE: You don´t have to pay any fee if your project won´t be sold 100 %! The fees will only be subtracted after the last share of your project will be sold to an investor.

Obviosly this is one of the best questions you have chosen!
So please read the answer mindfully!

Until the issuing volume isn´t sold out nothing happens.

After every Asset Slip of a venture, offered during the issuing period, will be sold to nvestors, fun starts.

Now the total amount the venture was seeking is raised and all Asset Slips are in investors hands. That´s the time when Mr. Idle makes the real deal in the background.

PIPELINE ventures GmbH or an affiliate purchases the real shares of the financed venture with the money collected through Asset Slip sales.

This company holds all the real shares on a trust basis, the investors on CouchTycoon bought as fictional shares (Asset Slips).

So no user on CouchTycoon will be a real shareholder of a venture he buys Asset Slips from. As CouchTycoon investor you only buy fictional shares due to legal reasons. But you can deal them like real shares. Mr. Idle´s company will be the real owner of the real shares, but he acts as a trustee for you. So your fictional shares give you the same rights like you had with the real shares. You can vote on annual shareholder meetings (held on the CouchTycoon website), you get dividends for each share you own (if the venture makes profits) and you can trade your shares. These fictional shares you own are a 1:1 reproduction of the real shares Mr. Idle holds in trust for you.

Mr. Idle has to handle the deals that way due to legal reasons. Because it´s not allowed to deal with real shares of a company through the internet. Unless CouchTycoon would be a bank. But it isn´t a bank (yet;)

Mr. Idle gives you the promise to solely deal all concerings in the interests of the CouchTycoon investors.

In Mr. Idle we trust

No!

From the legal point of view: NO.
In fact: YES.
Mr. Idle holds the real shares in trust. PIPELINE ventures GmbH is the real shareholder of fully financed ventures. The fictional share called "Asset Slip" provides you the same rights like holding the real share. PROMISED!

See also: "What happens in the background?"

It´s up to the CouchTycoons who own the Asset Slips.
Every Asset Slip counts as one vote. Every entrepreneur who sold Asset Slips on CouchTycoon has to start shareholder votes on different topics.

There is one obligatory question every entrepreneur has to ask his shareholders once a year.
Q: Should the project remain traded on CouchTycoon?
A: Yes/No

Every entrepreneur can start as many else votes as he wants to use the wisdom of crowds. For example he can ask his shareholders about new products and services he wants to launch within the project.

However. What kind of voting it is, every shareholder can vote with the weight of Asset Slips he owns at the time of voting.
If a CouchTycoon owns one Asset Slip of a venture, his vote counts for one vote. If he has got 50 Asset Slips, his vote will count for the weight of 50 votes.

So it can´t be a frequently asked one.

Let us know your questions! Use contact