Forums: Discussions for entrepreneurs and small business.

I was browsing and found a  website called fundinpost.com. A venture capital network. You pay a hundred dollars to put your business into the "pool" for investors to pull from. Has anyone used them? Are they legitimate? Worthwhile?

Thx,

J

 

I`ve attended some Fundingpost events.  They do attract a fair amount of NY areas VCs and angels, and give you a good opportunity to network with them.  I don`t think that you`ll get too much mileage from the blind "pool" - there`s no substitute for getting up and close and personal with the investors and pressing the flesh.

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I don`t have any direct personal experience with fundingpost.com and $100 (for 3 months) isn`t a lot of money, but it is a "passive" approach - meaning the investor (searching the listings) has to find yours and be interested in what he reads.

We know that the professional investors (angels and VC) are always looking for good deals, but before setting any expectations, I would ask myself - does my business fit the profile of what these investors are seeking.

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Ok, within the scope of this thread, in a place like Fundingpost.com, how would you go about doing that?

Apparently, the web site "profiles" your short form business plan itself by asking you key questions about your business idea (ie- growth plan, startup captial needed, type of legal structure, whether or not you have a BP already, etc...). Then supposedly applies to the desires already expressed by the VC`s registered with the site. The site then gives your business idea a "score" (0-60) and tells you that the average score is about 26. My score was 32 and the site told me that there are approximately 420 VCs that would possibly be interested in my business. Now I know that this is designed to sell a product and I am not niave to the ear tickling. But I still wondered if anyone has benifited from this service. BTW, thanks pepper and robert for your input. I definately see the benefit to meeting VC`s face to face. I am currently trying to find some local events!