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iVentures Volitant's Blog
ATM Design Contest

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Written by iVentures Volitant   
Monday, 17 March 2008

It is a pleasure to announce that SL Financial Reporting (SLFR) Group will be hosting an ATM Design Contest. SLFR Group, an accounting company created to help virtual companies meet their specific financial reporting challenges, is looking for talented designers interested in showing their skills.
 
The winner will receive $10K Lindens and an opportunity to join iVentures Group Design team on upcoming projects for 2008.
 
If you are interested in participating in the ATM Design Contest, please submit your contact name and/or business name to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it and we will send you additional detail regarding the ATM Design Contest.
 
SLFR Group

 
A New Virtual Accounting Company in Second Life

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Written by iVentures Volitant   
Sunday, 09 March 2008

iVentures Volitant and Guardian Market announced their partnership to form an Accounting company, SL Financial Reporting (SLFR) Group.

SLFR Group is created to meet the financial reporting needs for business owners, as well as any special financial service needs from the Exchanges within Second Life.

The main objective of this partnership is to assist the financial community with the transparency of publicly traded companies' financial statements with the faith and trust of the investors and Exchanges. The professional review and audit services rendered will be at an affordable rate for all parties, public and private firms providing them with qualified financial reports.

SLFR Group is a self funding entity by both iVentures Volitant, CEO of iVentures Group, and Guardian Market, professional financial services adviser for many Exchanges.

"It has become clear that the financial world in Second Life needs an objective and affordable alternative for accurate financial reporting." Market said. "We are skilled in our fields and are here to meet the needs of the business owners and Exchanges. SLFR Group will prosper as a result of being managed by financial experts with proven successful track records and the resources to make the financial community a secure place to invest in." Volitant said.

ABOUT US

iVentures Volitant, CEO of iVentures Group, is the owner of one of the largest venture capital and financial services consulting conglomerate in Second Life. iVentures is recognized as an innovative business provider. iVentures comes from an academic background of accounting and finance in the field of investment banking.

Guardian Market joined Second Life in November 2006, and has been involved in the financial community since that time. He is currently serving as Chief Financial Officer of SLReports.com (CAPEX:SLR) and has served in numerous other advisory capacities for the SL Capital Exchange (CAPEX), and Virtual Stock Exchange (VSTEX). Guardian comes from an academic background of Mathematics, and would be pleased to help you with the preparation of financial statements, model building, derivative pricing, and statistical analysis.

 
Business Quotes for RL

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Written by iVentures Volitant   
Tuesday, 26 February 2008

As the SLW conversion and WSE server update delay have received much attention lately, I would like to sway from the tension and focus on more RL matters. In my leisure time, I enjoy reading investment and business books. In the future, I will not make this front page and will only update these in iVentures Volitant’s Blog. Here are a few to mention:

- The end product of the shorter deadline is almost inevitably of equal or higher quality due to greater focus.

- There are two synergistic approaches for increasing productivity that are inversions of each other:

a) Limit tasks to the important to shorten work time (80/20 rule)

b) Shorten work time to limit tasks to the important (Parkinson’s Law)

Best solution is to use both together. Identify the few critical tasks that contribute most to income and schedule them with very short and clear deadlines.

- Liberty means responsibility. That is why most men dread it.  – George Bernard Shaw

- Entrepreneurs are those who make things happen.

- Don’t underestimate how much your company needs you. Perform well and ask for what you want. If you don’t get it over time, leave. It’s too big a world to spend most of line in a cubicle.

Calculating per hourly rate based on Salary

For those who would like to know how much you are making per hour based on your current or expected annual salary, I have provide you with an example for simplicity:

Assumptions:

Expected Annual Salary: $50,000

Hours Worked: 40 hours/day

Time Off (Vacation): 2 weeks

Total Work Weeks: 52 weeks

Expected Annual Salary / Hours Worked x [Total Work Weeks – Vacation Weeks] =

50 / (40 x [52 - 2]) = $25/hr

Over time, I will share certain quotes or excerpts that I find interesting. Feedback is much appreciated.

iVentures Group

www.sliventures.com

 
SLW Conversion - Business Strategy?

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Written by iVentures Volitant   
Wednesday, 20 February 2008

Before discussing my thoughts on the SLW Conversion, I am grateful for the hard work that Arbitrage Wise has put forth after LL’s announcement regarding the ban on banks. He has exemplified his efforts on ensuring his trustworthiness and his client’s protection from a potential bank run. Kudos to you and we look forward for new products and services this year.

Now, on with my thoughts on SLW Conversion. Image

The SLW Prospectus is clear and concise as it lists the Business Strategies and how revenue is generated. However, what is SLW’s main objective? My original intake was that this business will be used as a payment gateway and currency platform of SL and other metaverses for business related transactions. In RL, this would mimic PayPal.

After further analysis, has the SLW Conversion correctly reflected its business strategies stated in its prospectus? I will compare SLW with PayPal based on its objectives and its current status.

Read more...
 
iVentures Group Project SL Financial Markets Watch

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Written by iVentures Volitant   
Wednesday, 06 February 2008

For 2008, iVentures Group has created Project Initiatives based on market demand. One of these project initiatives focus on one sector: Stock Exchanges. As these simulated Stock Exchanges are considered to be a learning experience, we want to ensure that the financial market remains a safe economy. The shareholders can trade with confidence and the Exchanges, company management, and potential investors have sufficient financial tools to increase profit. We believe that we have:Image

1)   sufficient accounting and financial experience

2)      an in-depth knowledge of the financial market

3)      and the independency for objective views as we are a self-funding entity.

 

SL Financial Markets Watch

The objective is two-fold: to create index funds and to consolidate Stock Exchanges listed Companies information utilizing iVentures Group financial tools. We can provide the financial market with the following:

1)      Allow Exchanges to compare their performance with its competitors based on market capitalization, trading volume, and the number of listed and delisted IPOs based on interim periods in one snapshot

2)      Allow company management to compare their performance with its competitors within its industry

3)      Allow shareholders and potential investors the ability to perform further due diligence prior to investing their funds

An index fund aims to replicate the movements of an index of the financial market, or a set of rules of ownership that are held constant, regardless of market conditions. There are currently several Stock Exchanges in SL: SL CAPEX, ACE, ISE, L&L Global Exchange, and WSE (currently upgrading their server). As there are presumably a few so called, "index funds," replicating the financial market, each listed position is at various prices. Why? Simple. These are not index funds as the strategies implemented are not correctly replicating the market based on the purchased stock positions.

iVentures Group has created strategies for the index fund with the goal to correctly mimic the financial market. After three consecutive months of testing internally and revisions made to our strategies, we have reasonable assurance that the index fund is directly correlated with the growth of the financial sector based on the companies trading volatility listed on the Stock Exchanges.

As we continue our operations throughout the year, we look forward in new project initiatives that would benefit the financial market ensuring that it remains a safe economy.

*Note:

In order to ensure that this financial tool is implemented, Exchanges would need for their sites to have public RSS feed content feature available or the information would not be streamlined. Exchanges would not have the advantages of the following:

1)      compare to its competitors of other Exchanges

2)      mitigate trading risks based on analyzing listed companies performance

3)      increase shareholder confidence and trading volume