356 restoration - possible crowd funding?

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Burma-Shave
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Re: 356 restoration - possible crowd funding?

Post by Burma-Shave »

Personally I'm cool with crowdfunding a cool product or an African eye clinic. Crowdfunding an expensive old car for someone in Hampshire - no good.
This is the cruel truth. :)

If there was more of a story, people would perhaps get behind it. But there isn't! My 356, also bought pre bubble, should really go back to a shell, it's full of tub and the doors have a horrid overbite. It is 80 cars from the end of production and should be done right. Can I, or will I ever, be able to send it to Sportwagen? Nope. So I replaced the longitudinals myself and enjoy what I have.

So, if it were me as others have said, I would get it running and drive it rat, and then restore it as a post-kids leaving home stroke retirement project..
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Re: 356 restoration - possible crowd funding?

Post by mycar »

Since setting up the 356a website to ostensibly beg for funds to restore your car, how many T shirts and art prints have you sold ? What sort of revenue have you generated thus far?

Obviously, transparency in any financial proposition like this is paramount and perhaps people would feel more inclined to donate to your cause if you could show that you hadn't just sat around on your arse for the last seven years waiting for mugs to come along and give you money.

I'm surprised the Daily Mash haven't been on the phone.

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Re: 356 restoration - possible crowd funding?

Post by squirejo »

There was a geezer on Grand Designs the other week who got help from volunteers to restore his shed of a boat into something habitable. Perhaps this is a route. Problem being you need specialist skills and I wouldn't imagine those come for free.
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Re: 356 restoration - possible crowd funding?

Post by Loz »

Absolutely right....this system can and does work. However you need specialist skills on both sides of the deal and with the utmost respect to the OP, his aren't stacking up to that of those required to restore a classic car, well, in monetary value / cost to hire basis anyway. The "favour" needs to be fairly equal for it to work.
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Re: 356 restoration - possible crowd funding?

Post by simon james »

Burma-Shave wrote:
Personally I'm cool with crowdfunding a cool product or an African eye clinic. Crowdfunding an expensive old car for someone in Hampshire - no good.
This is the cruel truth. :)

If there was more of a story, people would perhaps get behind it. But there isn't! My 356, also bought pre bubble, should really go back to a shell, it's full of tub and the doors have a horrid overbite. It is 80 cars from the end of production and should be done right. Can I, or will I ever, be able to send it to Sportwagen? Nope. So I replaced the longitudinals myself and enjoy what I have.

So, if it were me as others have said, I would get it running and drive it rat, and then restore it as a post-kids leaving home stroke retirement project..
Hear Hear!
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Re: 356 restoration - possible crowd funding?

Post by jb »

I agree with Jamie and think you are dreaming.
You could try one of the channel 4 programs - classic car rescue or for the love of cars.

However I think you should move on and sell it as a project whilst people want these things.
With whatever you get you can get something you can drive now maybe a speedster replica or something completely different.

For many years I kept a rusty 911 that I could not afford to fix and I eventually sold it for very little money but it did allow me to move on and I found it liberating to be free of it.
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Re: 356 restoration - possible crowd funding?

Post by 3ftDeep »

Wow.

Thanks for all who supplied constructive criticism.

Rather disappointing those who supplied condescending life coaching or ignorant & frankly insulting judgements on my life. I guess I'll count you out of whatever I do.

Regarding a previous attempt a while back; I actually never got around to following this up due to personal circumstances. A single page was all I managed at the time so I haven't really already tired & failed.
What I will say is that I was obviously ahead of my time, as crowd funding of this sort wasn't really around then. I should have set something like that up instead : )

All I was really asking was would you buy something like a shirt or a print and, if so, what sort of thing. I wasn't asking for charity or blind donations or anything for free.
I just thought DDK would be a friendly place to ask since I assumed the niche of 356s would also be an enthusiastic one for any owner of these lovely little cars. Seems rather elitist now.
Lesson learned, eh.

On a final note, I wonder how many of you have actually seen some of the 'projects' that have crowd funded, what people get in return & how much they give. Some of it is amazing (good & bad)
So, before anyone points it out, I have nothing to lose as it's all free to try, so that is what I'll do, rather disappointingly now with perhaps more caution of mentioning it here.
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Bootsy
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Re: 356 restoration - possible crowd funding?

Post by Bootsy »

Chill!

You asked for opinions on seeking funding to restore your 356 which you've owned for 20 odd years. In return for helping you fund the restoration of your 356 you get a t shirt or a print.

Personally I think it's a no go idea and stated so. If you want to run a business selling t-shirts and prints to help fund your resto then great but I really don't see it as a crowdfunding project. IMO
3ftDeep wrote: Rather disappointing those who supplied condescending life coaching or ignorant & frankly insulting judgements on my life. I guess I'll count you out of whatever I do.
I've reread the thread and there's only one post (from one of our resident comedians) that (if taken literally) could be construed in this way so you'd have been better not using 'those' in the above quote.

However you seem to have taken offence .

And give the condescending "I wonder how many of you have actually seen some of the 'projects' that have crowd funded" vitriol a miss - makes you sound bitter (IMO).

Oh and finally.... "I just thought DDK would be a friendly place "

It is - get involved, don't take everything to heart and be prepared for people state how it is and not just blow smoke up everybody's backside and you may agree.

Jamie summed it up for me
Personally I'm cool with crowdfunding a cool product or an African eye clinic. Crowdfunding an expensive old car for someone in Hampshire - no good.
Right, I need some more caffeine.

Oh, one more thing....
Seems rather elitist now.
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Re: 356 restoration - possible crowd funding?

Post by neilbardsley »

"I just thought DDK would be a friendly place to ask since I assumed the niche of 356s would also be an enthusiastic one for any owner of these lovely little cars. Seems rather elitist now.
Lesson learned, eh."

Bloody hell you asked for some opinions on your idea and on the way some people cracked a few jokes. Unfortunately for you, and often me, there is quite a lot of p155 taking here. It's part of the fun.
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Re: 356 restoration - possible crowd funding?

Post by camperco »

I've invested in a couple of small companies via Crowdcube and its very clear how I will get a return on my investment. When and IF the companies are bought by larger companies.

How would an investor get a return on this project? Surely you would have to sell the car or otherwise it would have to earn enough income though rentals or something to pay your shareholders a dividend?
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Re: 356 restoration - possible crowd funding?

Post by jamie »

This place is as friendly, enthusiastic and non-elitist as you'll ever find, but we're not here to bullshit you to make you feel nice - just tell you the truth.

Straight fact is, these cars are expensive to restore and operate. Most of us on here are normal people with normal-to-decent jobs (I presume mostly professional or skilled trade, just like you) that have to make financial or time sacrifices to afford this hobby. If you can't afford the time and/or cost, don't do the hobby. I'd love to sail the great oceans of the world, but I can't afford the huge investment of time or cash and probably never will. That's just life.

Like Jason, I couldn't afford to run and maintain my old 911 in the manner it deserved, so I sold it on, and then got another car again when I felt comfortable with doing so. I didn't get all upset about it at the time.
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Re: 356 restoration - possible crowd funding?

Post by Ayli Carper »

jb wrote:For many years I kept a rusty 911 that I could not afford to fix and I eventually sold it for very little money but it did allow me to move on and I found it liberating to be free of it.
Your first post does not say that you have ever restored a car before, and I think that most people reading it assumed that you hadn't, and wrote from the experience of having done so themselves. If that resulted in what sounded like negativity, you might care to look at the expression on people's faces at the end of Grand Designs. And they very rarely say they'd do it again.

The trouble is, the path to the promised land always looks very straight, and it glows benignly on the horizon.

It's never just about money. I would wager that there is nobody on this forum who could, and pretty certain that there are none who would, hand a blank cheque to a professional restorer and ask for a call when they can come and pick the car up.

You also don't say what personal connection you have to the car which would mean you'd never consider selling it, which is the reason crowd funding is so ill-suited. But whatever connection you may have had, time will have changed it.

For example, I couldn't afford to properly maintain my 911, so I sold it, at a loss, and a graunch to the soul, but which if I'm honest also lifted it slightly, because I hadn't realised how much it was dragging me down, financially and emotionally.

One of the benefits of the sale was that I could finally afford to restore another car. Now that car I did have a personal connection with. It was the car I wanted as a child and sent off for the brochure of, and couldn't understand why my parents didn't buy it. It was the first car I bought, that I saved every penny for, and spent seven years in its company, and drove 3500 miles around Britain in when I was 26, I drove it round the clock, and then it got too rusty, and I put it away and vowed to do it up. Sixteen years ago.

And two weeks ago I dragged it out of the garage and started to restore it. So I'm at the end bit of the beginning bit in which you find yourself, and I ought to be over the moon.

Words cannot begin to describe the lethargy with which I am approaching this project. I dread that the person doing the paintwork will ring and tell me about another problem he's found; I hope he'll ring with a cast iron reason to abandon it. The passage of time has been so great, that I find myself pursuing it in some autonomic manner, that it is something I must do at all cost, that it is my destiny.

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Re: 356 restoration - possible crowd funding?

Post by Mystery Machine »

My analogy for this 'crowdfunding' thing:

Would you be happy to take your proposal to Dragons Den and pitch your idea confidently enough to feel you'd secure funding from them?

If not, no one else will.

I run a car based community project that I've funded out of my own pocket for over eight years. I do it for the love of cars and the skills/experiences that everyone has gained over the years myself included. I know what it is and how it feels to invest in other peoples projects. I've lived it, breathed it and immersed myself in it mentally, physically and financially for way longer than most people would considering there is zero return on a financial basis (luckily I don't do it for financial reasons) - details here if you want to see more: http://www.build-threads.com/build-threads/area-52/

With all that in mind, would I invest in your idea to put money, one way or another, in the rebuild of your car? Sorry, no I wouldn't.

To finish my analogy, "I'm out"

Meanwhile, I'll be in the garage learning new skills, either through just getting stuck in or from picking up tips/tricks from others willing to be part of a bigger picture than just working on their own cars.
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Re: 356 restoration - possible crowd funding?

Post by Bootsy »

That Deborah Meaden would get it
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Re: 356 restoration - possible crowd funding?

Post by 911hillclimber »

For 3feetdeep, this really is the friendliest place to be for Porsche and other things in life.
You can get some comments that jarr as the mood is not there to take a lighter look at the comments, I've been caught a few times, but almost all the time it is an honest and usually personal opinion expressed.
Public forums are just that! :)

If this car is a burden, then to sell while the interest is high as JB says and wait or find something else that will give ready enjoyment to you and yours.

There are several things I would like to do now early retired, but having surrendered a good job for freedom, there are boundaries nevertheless to that freedom!

Life is a bitch sometimes... :blackeye:

I do hope you do not think too badly of DDK, a varied gaggle of pirates, good at heart though.

I wish you luck whichever route you take.
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