Forums: Discussions for entrepreneurs and small business.

Thanks for all the help!

Sincerly,
Francisco

EDIT: Thanks for all the input and supportive feedback.

Content REMOVED

Francisco, you seem to be rather steadfast and enthusiastic about the prospects of your new venture. Unfortunately, your chances of securing your capital requirements of $90,000 at this point are pretty low. First of all, it’s a lot of money if you’re looking into debt financing, especially when you lack collateral to secure the loan. If you look into equity financing, the amount is marginal and hardly worth jumping through all the hoops that the process entails.

Is your dad a member of your management team/shareholder in your company? There can be no doubt that at only 19 years of age, you lack the experience and core competencies that investors require if they seriously consider trusting you with their money. Let’s keep in mind that most of them won’t invest in ideas or business plans; they invest in management team. Since you can’t change your age or background, you will need to build up seniority in your team. Your dad would be a great starting point.

If you’re comfortable with that, I’d like to review your business plan to see if I can give you any other pointers (since your website has yet to go live). If you’re interested, please send me a PM.

I hope this helps and good luck with turning your vision into a successful venture.



Mark



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Jackson Steiner
http://www.JacksonSteiner.com

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

I think you need to self fund and bootstrap. The key is to start making sales then begin looking for investment to help you grow.

I attended a seminar in irvine ca with steven sears attorney cpa.  he had a group of international investors looking for opportunities to invest in US undervalued real estate.  May be a good source of capital.

FastVentures gave some really good advice. I would only add that you can make this work at your age, but you need to bring some partners on board. Start going to chamber of commerce meetings and investor group meetings in your area. Start getting to know people who invest money and what they are looking for as an investment. 

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The best way to find growth capital is to apply to a venture summit where you can speed pitch your ideas to several investors face-to-face in a single day.  One such example is The Speed Venture Summit, the premier speed-dating-style event for fast-growth businesses and investors in New England.  http://www.speedventuresummit.org; and follow the virtual discussion at Twitter #SVSNE