Is it hard to get money for Startups?
Posted by admin on 25 Feb 2009 10:30 pm. Filed under Small Business.
Nhat Le
I have a business plan and it’s nothing more than a concept (not working, prototype or beta version at all).
I have a business plan and it’s nothing more than a concept (not working, prototype or beta version at all).
Is it possible for me to sell my ideas to venture capital… can you tell me what do they *expect* most from us in the presentation so i can practice and get comfortable when the time comes.
Any extra resource (links) you know and i need to know will be well appreciated!
One Comment to “Is it hard to get money for Startups?”
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On February 27th, 2009 at 7:48 pm
The first thing you should do is perform a patent search. Once you’ve found that your idea truly is unique apply for a provisional patent. The provisional patent is under $100 if I recall correctly. This will allow you to better protect your interests as you continue to develop your project.
Once you’ve got the provisional patent application in hand you can talk much more openly with local lenders about your idea and seek investors. You may wish to talk to your local chamber of commerce or a business that would benefit from your product and ask them to help you prepare.
Many inventors end up going into debt while building their projects (credit cards, home loans, etc…) Best luck in finding an investor for your invention!