how do i find venture capital to open a business?
Posted by admin on 5 Nov 2008 4:43 pm. Filed under Other - US Local Businesses.
rupret_monkeyboy
I have a solid plan and a good market with plenty of demand. I just need a way to find investors or a loan.
I have a solid plan and a good market with plenty of demand. I just need a way to find investors or a loan.
2 Comments to “how do i find venture capital to open a business?”
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On November 6th, 2008 at 8:59 am
Feel free to contact me via email.
SBA Loans are available.
Most businesses are done by bootstrapping it–pulling yourself up that is. VISA and MC start more businesses than you could ever imagine.
If your idea is a revolutionary one (and if you’ve seen American Inventor you know what I mean) then you might get angel investors interested, but if it’s a “me too” product or concept, they won’t give you the time of day. VC’s? They will not touch you. If you don’t have something already up and making money (ie showing demand) you can forget it.
Oh–the other issue with VC’s. Once you sell to them (and you are selling it because they will want a significant ownership stake) you are likely losing control of what direction your company takes.
On November 8th, 2008 at 3:26 pm
I also have a magnificent idea about network.
But it is also quite hard for me to get VC, because I am in China, that is more difficult for me.
I am nearly giving up.
Good luck to you.