OK Robert all go change the detail but it involve a good question about having more information on the subject .
Have a good days.
Investors, whether VC or Angel, invest in people not ideas or plans. My suggestion is for you to start networking around your community so that you can meet those who have money to invest, or those who are willing (not a broker) to make an introduction to those who have money. Go to your banker and ask them for references. See if there is an investment group who meets to talk about the stock market and go talk to them. Regarding the broadcasting of your Business Plan - not a good idea. If you want to whet appetites, send along a two to three page executive summary that does not disclose your secrets.
I agree in concept with Mabeline because our experience (with clients) shows that a big majority of investments in early stage companies comes from those directly in the entrepreneurs "network" or within "one" degree of separation.
While, it`s nice to talk to a banker - unless you have a contact fairly high up in the structure, most don`t have any real idea or experience with acquiring equity capital.
I would also add that just because someone has a large net worth - does not make them a potential investor for you!
Acquiring capital for a "fledging" enterprise - while not rocket science - is a skill set.
You’ve asked a great question – why do people want to be paid in advance rather than get a larger amount from the results. There are many possible reasons. Here are a few:
I don’t mean for my comments to be negative or to suggest that there is no solution to your specific situation and needs. I do want to imply that “getting someone to introduce you to an angel” may not be the best one. A key to successfully acquiring funding in an early-stage venture is to choose an approach where the funding source “matches” the circumstances/objectives of the business.
All the best,