| Jul. 13 2008 at 3:06 PM |
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I guess I was wondering if it is good to use a(n) Angel for start-up of a Cable channel of your own?
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| Jul. 14 2008 at 12:55 PM |
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I don't think it's a matter of good or bad. It should be an "informed" choice.
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| Jul. 15 2008 at 6:04 AM |
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Depending on the amount of capital you need to raise, you may require VC funding or and Angel Group. Regardless, I completely agree with Robert... you need to do your research, big time. And clearly lay out your expectations, and the returns the investor can expect.
--
Mike Michalowicz
Author of The Toilet Paper Entrepreneur
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| Jul. 15 2008 at 5:24 PM |
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Expect to give them the lion's share of your equity in return for their cash. It's just the deal. If you want to keep control, look for private investors first. Assume you have done the business plan and have a viable model? Research, research, research. Will take some time. Big venture you are looking into. Good luck.
Dale
www.ourbestidea.com
www.maskerinsurance.com
www.maskercreations.net
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| Jul. 16 2008 at 11:56 AM |
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Okay thank you thank you all from what I do understandn i'm going to need about 20million to buy out an existing channel and I have already talked to some people at Johnson and Johnson and the expected return on their 20 million is going to be roughly 60- 80 million the first year. You stated I may require VC funding is that to say Vice Corporate or what...
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| Jul. 16 2008 at 11:59 AM |
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Again thank you for your input it is most useful and right now I have over 10 projects in realestate, non-profit, and T.V. that Iam currently trying to get off the ground and your words have really helped me on all the projects again thank you
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| Jul. 16 2008 at 12:03 PM |
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I think you may have meant Venture Capitalist I figured it out that fast thanks Obsidian Launch
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| Aug. 03 2008 at 5:56 PM |
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I can think of two ways around this oneway ('scuse the pun) :?)
First offer to the financier that they would own the cable network (bricks'n'mortar) which you could subject to an agreement buy back from them at a future date if you (or they) wished, but in the meantime you would lease it from them at an outrageous (but affordable) lease fee.
In most countries the cost of leasing is a tax deductible expense.
This is a model I am trying to use.
Second way oneway, is to presell subscriptions for a start up at a future date. If it involves say a sports channel or special interest group, see if you can hit on sport clubs and sports marketing organisations to subscribe at least a deposit with you.
Thrid way is to attract underwriting from advertisers. Marketing companies in general may be willing to pre subscribe advertising campaigns with you at a discount rate. You need to have a clear demographic in mind and be able to convince the advertisers that you can command that demographic. For example, maybe you offer a local Latino demographic a cable channel dedicated to their community.
If you have not already thought of including a special channel for an ethnic group maybe you should?
If you can get one or more special interest groups behind your launch then you should try and get some ra ra publicity for the launch to encourage marketing firms to place advertising.
The more you can fund it from pre-subscription the more virtual equity you have.
Edited by: Kiwiguy - Aug. 03 2008 at 6:01 PM
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