News

Need a little help ...

Discussion in 'Other Off Topic Forum' started by Hubert, Nov 24, 2003.

  1. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    A few days ago, I recieved an email from a major manufacture that's looking to build a U.S. open - wheel feeder series. It will be an opener race for the CART series in N. America, and possibly the USGP.
    In the email they outlined a driver program/liscensing course that is to take place in Europe in early January , '04. There are only 21 slots open, and the drivers may only be 16-23 years of age.
    I'm 23 now, so this is my last shot.

    Succesful completion of the course grants me my FIA Group C licsense, and I'm eligble, to drive anything with the exception of an F3, F3000 and F1 car (if I can get the money).

    This leads me to my outreach for help.

    Out of the 21 that will attend, 6 will inherit a $40,000 sponsorship to be put toward a season of racing here, in the U.S. , but to get to Europe I need to come up with $3,500 on my own.

    I'm not a rich kid, and I don't have a family to back me up. So, I'm looking for ideas from all of you willing to help, on how I can get $3,500 together before the 12th of December (the deadline for my entry, and the money).

    I'm already trying to sell things I don't really "need" or maybe can live without, but I'm still short. I can offer anyone willing to help, the promise of a return if I can make something happen. Even if I do not get the $40k sponsorship, I will work my ass off to get into some form of racing either here in the U.S., or, if possible, abroad.

    I hate to come at all of you like this, but I've got no choice but to excercise all the options possible to get me into this opportunity.

    If any of you have got ideas, or businesses willing to help, or anything I would be eternally grateful. (If I get into the series, I'll be sure to get my sponsors out for VIP treatment).

    I know I've been vague on the details, but I don't want to jinx this before it happens. All of you who decide to become involved, will, of course, get all the details.

    Respectfully,
    Hubert Otlik
     
  2. 134282

    134282 Four Time F1 World Champ

    Aug 3, 2002
    40,617
    California
    Full Name:
    Carbon McCoy
    Hubert, this sounds awesome, congratulations...!

    When's the deadline for the $3,500...? How much have you amassed hitherto...? i'd love to give you something but won't be able to send until mid-December...
     
  3. 134282

    134282 Four Time F1 World Champ

    Aug 3, 2002
    40,617
    California
    Full Name:
    Carbon McCoy
    Oh and good luck and keep us posted, no matter what... :)
     
  4. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast

    Des: The deadline is the 12th of December , 2003.
    Thank you for the good wishes.
    Hubert
     
  5. ralessi

    ralessi Formula 3

    May 26, 2002
    1,093
    Houston, TX
    Full Name:
    Rikk
    good luck - i think it is great that you are taking a chance to follow your dreams
     
  6. 134282

    134282 Four Time F1 World Champ

    Aug 3, 2002
    40,617
    California
    Full Name:
    Carbon McCoy
    My sentiments, exactly... Would love to see you get to do this, Hugh...
     
  7. GrigioGuy

    GrigioGuy Splenda Daddy
    Global Moderator Owner

    Nov 26, 2001
    22,940
    E ' ' '/ F
    Full Name:
    Yes, I have one
    Didn't one of the F1 drivers form a corporation or something similar and sell shares? People invested and then got a percentage of future earnings. Maybe something like that would work?

    On another tack, just how much do you have left to raise, and what are your qualifications? Any previous racing experience?
     
  8. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Yah, Justin Wilson sold shares of himself on the British stock market, and it worked, but I've got no "marketability" at the moment. Which is why I am where I am.

    With regard to "qualifications" well, I don't have any professional qualifications, but that's what this development program will help me gain... qualifications -- not the least of which will be an international racing license. The problem , for me at least, has been that I wasn't born into a racing family, or a familiy with money to support a racing inspired kid, but without one, the other or both you can't really get your foot in the door, and that's why I'm desperatly trying to get this together. Once you have at least a licesnse, you can approach teams for rides, get your name out, etc. without at least that, you're not really anywhere.

    I'm scrambling for the whole amount ($3500), at present, as I didn't forsee this actually happening; I got the email, and now I've got to get the money together, quick.

    Thanks for reading,
    hubert
     
  9. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Update: I've sold off some "spare parts" off my car, and have got $1000, now if I could only come up with the remaining $2500.
     
  10. FLATOUTRACING

    FLATOUTRACING F1 Rookie

    Aug 20, 2001
    2,684
    East Coast
    Full Name:
    Jon K.
    Hey everyone!

    I've been corresponding with Hubert on this site and through email for quite a while about racing and Ferraris. Hubert and I talked on the phone a few times about his opportunity to be part of a test program for a major manufacturer in Europe racing open wheel cars.

    Some of you may know what program he is referring to and it's quite a prestigeous opportunity to enter the program.

    Although I have never personally met Hubert, he seems like a standup guy and he didn't take lightly to posting a request for financial help on this board. Some of you on this board who either race, work in the race industry, or know someone in the industry, know that it takes money to start out and to advance. I convinced him to post here looking for help even though he was hesitant to do so for fear of offending anyone.

    Hubert has had some successful years in karting and want to take the next step but needs some help financially.

    I was recently amazed at the kind generosity of Bruce, who if I read the post correctly helped DES acquire a new car.

    I don't think Hubert is expecting anyone here to hand over a $3500 check but possibly we can all chip in and help him raise some funds.

    Think of it this way......have you ever benefited financially from F Chat either through advice given to you or through simply reading someone else's post that saved you money on maintanence or such.

    Two years ago I was given a source from a fellow F Chatter on used tires for my Challenge car this saved me literally hundreds of dollars. And as recently as this week I posted something about the video game business and three F Chat indivduals gave me a wealth of information and some contacts at the top of this inndustry to talk to. One F Chatter sent me an email that must have taken at least an hour to type.

    Bottom line is that we all benefit (or most do) from F Chat in some way.

    I am willing to start off by offering to raise $250 for Hubert. Hubert himself is selling off some of his belongings to raise $1000. If we can get maybe 10-15 people to contribute $50-$100+ he can get close to funding this opportunity.

    Keep in mind that Hubert has been a part of Ferrari Chat for a long time and is not someone who just joined last week looking for a handout.

    Thanks to all for taking the time to read this and taking Hubert's request into consideration.

    Regards,

    Jon P. Kofod
    1995 F355 Challenge #23
    www.flatoutracing.net
     
  11. tvrfreak

    tvrfreak F1 Rookie
    BANNED

    Mar 31, 2003
    3,879
    Arkansas
    Full Name:
    F K
    Hubert,
    what's your address?

    Best wishes,
    Faisal (wishing I was 23!)
     
  12. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    I'll follow suit with Faisal and Jon. PM me your address.

    I do know the program you're talking about very well.

    --Dan
     
  13. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Jon, Dan and Faisal:

    I can't thank you enough. Dan and Faisal check your PM's. Jon, check your email. Thank you all again, and happy holidays.

    Hubert
     
  14. tvrfreak

    tvrfreak F1 Rookie
    BANNED

    Mar 31, 2003
    3,879
    Arkansas
    Full Name:
    F K
    Hubert, what do you do/have you been doing so far? Do you know how to set up a website? If so, you need to set one up and sell "shares" as mentioned on the board. A dollar a share would be good. I know there's nothing to offer right now, but you are selling the potential.

    You will need to write about yourself and put up some pictures. Keep it simple and low maintenance. I figure you could do this in two hours. You can just use Microsoft Word with the Save As HTML feature if you don't have anything else.

    For the venture, you can say something like: From all sponsorship monies received, I will withdraw a salary (low, something like $18,000 per year) for personal items like rent and food, and sensible racing expenses, and use the rest, if any, to repay the initial investors till each share has been repaid ten times over, at which time the shares will be retired. You could even offer a new round at that point. So you are "selling" an investment with a potential 10X upside. I don't think anyone really cares about being paid back. But it would be great to be an investor in a company that helps you, is doing something we are interested in, and have a potential for profit.

    On a private link, you can also provide a monthly report of all race-related income and expenses so that the investors have some accountablity. You can create an Excel spreadsheet, use the save as HTML feature, and it will create a nice webpage for you. Upload it to your website every month and just provide a link to it in a private email to your investors. I think this will take you about two hours per month.

    Lastly, provide a mechanism for people to "subscribe" to your racing news and send monthly updates. Also upload the same updates in your race diary. It will also take you two hours per month, I think. I can provide some guidance, if you like. Get a URL from www.godaddy.com.

    Good luck, and see you at the races.

    :)
     
  15. Ferrari_co_uk

    Ferrari_co_uk Karting

    Apr 16, 2003
    245
    London, UK
    Full Name:
    Mark Langfield
    Hi Hubert,

    I would be very careful about this. Often with these sort of events the six winners have already been chosen and the others just end up paying for them to go racing. I presume you are referring to the Formula BMW USA?

    Also I thought the only way to obtain a FIA International C license without already having a race license is to have an International Kart license. Without this I would have thought you would have to progress through the normal license requirements (a certain number of races at various different tracks).

    Best
    Mark
     
  16. tvrfreak

    tvrfreak F1 Rookie
    BANNED

    Mar 31, 2003
    3,879
    Arkansas
    Full Name:
    F K
    Hubert,
    do you meet the licensing requirements at this point?
     
  17. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Mark: It is F BMW, and I was assured that if I completed the driver development program I would be granted an FIA C license. There was not mention of a Karting license pre-requiesite. Also, as to the 6 "winners" having already been choosen... well, what can I say? I'm as much in the dark as anyone else.
    At any rate, I'm very sorry for the delay on an update. Trying to put all this together has been a bit draining. At this point, it doesn't look like I'll have the $$ together before the 12th. So, I'm setting up a date at skip barber for Feb , 04.
    For those of you who contributed, I can either send you your $$ back, or I'll apply it toward the Barber school. Let me know what you'd like me to do.
    Thank you again for your time.
    Regards,
    Hubert
     
  18. SRT Mike

    SRT Mike Two Time F1 World Champ

    Oct 31, 2003
    23,199
    Taxachusetts
    Full Name:
    Raymond Luxury Yacht
    Hubert,

    It sounds like you're not just short a hundred bucks - but rather a bit more than that. If you let everyone know how much $$ you are short, then I think you may be able to get some to chip in and try to make that amount up.

    In addition, as someone who has been involved starting numerous businesses often with barely a couple of nickels to rub together, here are some of the standard "quick cash" methods:

    1) Get a credit card and take a cash advance on it - some of them offer instant approval over the phone and you would have the card in 3-5 days

    2) Go to the bank and apply for a "personal loan". This requires no collateral, and is usually up to $5,000

    3) I drive by a place on my way to work that has a sign advertising they will loan you money based on the value of your car. Essentially it's a loan with your car as collateral. I'm guessing you have a car and maybe you could do something similar?

    4) List stuff up on eBay - maybe your digital camera, or your old laptop, or whatever you have that you don't absoutely need.

    Credit cards are the easiest and quickest! Get on the web and phone and hunt down those CC companies!
     
  19. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
    2,642
    The Left Coast
    Srt Mike: I'm still short roughly $1900. I'm waiting on a few people to get back to me regarding their involvment, and as such I've made plans for loans, but as a last ditch attempt...
    Thanks again,
    hubert
     

Share This Page