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New Shoe company needs investors!

 
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SoulStar

posts: 4

Aug 07, 2009 4:19 PM ET    Quote  Report Abuse
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We are a startup shoe company called SoulStar.  We`ve started and created a great basketball shoe, have NBA athletes willing to wear it on court....have patents on products that will guarantee increase in speed and verticle leap.  AND we have a training line composed of footwear and apparel for crossover from all sports from MMA, football, basketball and baseball.  We even have an up and coming UFC fighter willing to sign with us.  OUR PROBLEM?  We need funding for it to happen.

ANY HELP would be greatly appreciated.  We have everything in place and are ready to execute but without financing we are stuck.  HELP!
SoulStar8/7/2009 4:30 PM
robertj

posts: 1458

Aug 08, 2009 11:04 AM ET    Quote  Report Abuse
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SoulStar,

Congratulations on ALL that you have accomplished. Terrific job!

In general, there are (may be) a number of viable methods for bringing capital into your business. We`ve found that the first key to a successful capital acquisition is to determine your optimum strategy (method/approach).

The second key is to be fully Capital Ready (according to the selected method) before approaching the capital source.

The third key is that the "how" is as important as the where.

I know this isn`t as specific as you would want but if you would like to discuss your situation (in confidence) send me a PM or contact me directly.

 



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

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com


SoulStar

posts: 4

Aug 08, 2009 12:45 PM ET    Quote  Report Abuse
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Thank you very much.  Yes I feel we are definitely capital ready, our problem is finding investors to present our business plan to.  I have currently only been able to meet with athletes themselves or ex-athletes as viable investors.  What we are looking for is angel investors or any other type of VC`s that are willing to listen.  We have a SOLID structure, solid plan of attack and the ability to execute right away.  

It has been very difficult for me to find investors to even present our structure and plan too.  Any ideas?
robertj

posts: 1458

Aug 09, 2009 11:40 AM ET    Quote  Report Abuse
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SoulStar,

Being ready for capital and being Capital Ready are two different things. I`m sure you have a great business plan - but that is only one part of the equation.

As I said before – the “how” is as much a factor as the who or where. How is a combination of skills and process. A portion of the process should be getting you to the "who".

 



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

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com


FastVentures

posts: 306

Aug 10, 2009 12:43 PM ET    Quote  Report Abuse
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I think what Robert is trying to say is that making a successful foray into the capital markets requires just as much solid strategic planning, preparation, and execution as developing viable products that will serve as the foundation for your business.

The mere idea of simply signing up with some sort of website that will float your request “to thousands of quality investors who are ready to invest” is simply pie in the sky and won’t yield the desired results, at least not for you as the subscriber to these sites.

What may work is (i) having a quality business plan in place, (ii) an investable team, and (iii) a line up of products and services with a demonstrated demand, which seems to be the case here.

In order to be able to capitalize on such an initial positioning, as far as the actual capital raising process is concerned, you will (i) need to identify investors who are most likely to respond to an offering such as yours (you seem to have created a great starting point here as well), (ii) create a quality offering the terms and conditions of which are in line with the expectations of such investors, and (iii) offering a viable and lucrative exit scenario to investors.

If you got your ducks lined up like this, and if you are aware of the serious commitment such a financing strategy entails, you have a good chance to achieve your strategic business objectives.

Check out our white paper on reaching High-Net-Worth Individuals at http://publications.fastventures.com/reaching-high-net-worth-individuals-with-your-private-placement. The document is a solid action plan that includes many proven strategies and communication techniques when it comes to approaching High-Net-Worth Individuals as investors.

Please feel free to send me a PM if you wish to discuss your options in greater detail.

Good luck! I hope this helps.

Mark



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


Jackson Steiner
http://www.JacksonSteiner.com

Advanced Document Design for entrepreneurs, intermediaries, and the financial services industry.
http://www.Publications.FastVentures.com
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