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bjorkie

posts: 2

Jan 02, 2007 12:14 AM ET    Quote  Report Abuse
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Are there really angel investors out there? I`ve met with several venture
capitalists who like my business plan but have asked me to call them "when I
need some serious money". Similarly, my bank won`t finance a larger sum of
money unless I put up the personal collateral (sad to say, I don`t have an
extra million in home equity to pull this off). Have others seen the same
problem? How do businesses find angel investors for the range of $250k to
$1M, or is it more of a myth? Like most entreprenuers, I want to get to
market fast, but it would definitely take some major capital for me to take
the next steps. Any thoughts?

-------------------------

Michelle Courtright Bjork mbjork@romeoshops.com
katt33

posts: 484

Jan 02, 2007 5:17 PM ET    Quote  Report Abuse
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I am in total empathy with you on this.   What I decided to do is choose a group of items that could be turned in to a 60 second quality infomercial and take out a $700 line of credit with pay pal and team up with Infworx to have them not only write and shop the plan to over 1,000 investors , but take care of every aspect of the infomercial production, website development for those products specifically, marketing and fulfillment services.  I am also entering into a joint venture agreement for web site & logo design, maintanance and marketing help in exchange for a small percentage of equity.  I also have no collateral and it seems that most VC`s and Angels mainly work with those refered to by a third party they are familiar with, as well as businesses with a lot of solid affiliations and seeking sums of large quanity.  I am working on a number of mediums to be able to offer businesses exposure and marketing without breaking financial backs.  Keep in touch with me and tell me more about what you need.  Send me a private message or email me at kappello@execs.com  If there is any way I can be of help I am happy to do so. 
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