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Dougster,
That amount of capital pretty much eliminates the "professional" investor categories such as Venture firms and angel groups.
Do you expect additional capital requirements in the future?
What "skill set" would you want in a partner?
Hello Robert,
Yes this won`t take much to get started & I would expect it to be profitable well within 1 year.
I am more interested in a Investor/ Partner vs funding.
As far as what I am looking for in a potential partner:
Dougster,
Joining forces with a partner with "complimentary" skills can be a big boost to the business and an asset in future capital rounds.
Any particular reason you prefer an equity approach over some form debt funding method?
Dougster,
I`m getting some mixed messages from your last post when you talk about getting an investor, taking on a partner - then say you want to retain control.
Dougster,
It`s not what a question of whether I would give up control - because it`s your business. However, the question of control is often a sticking point in negotiations with equity investors and potential partners.
I do not have enough information to determine the valuation of your business, so I can`t comment on what portion of equity would be exchanged for $25,000.
It is Robert isn`t it?
Feel free to call me Doug if you like.
Doug,
You are correct -My name is Robert.
Finding a partner with the "right" skills who shares your passion and is committed to the project can be difficult. Finding one with all the above plus the financial resources and willingness to invest them is a tall order.
You may have better results - dealing with them as separate "needs".
Send me a PM if you want to discuss specifics.
Robert
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