Jan. 16 2008 at 8:47 AM
No Photo Posted by: austin28

A few years ago, I started an online venture that everyone thought was impossible.  But, I gathered the team I needed and made it happen.  I put every dime I had into this business which was not much but was all I had… a little under 100K.  But, we achieved what everyone had said was impossible.  However, that left no money for advertising or growth in anyway.  I had hoped word of mouth and media attention would bring us the members we would need so we could reinvest any review into the company.   Instead, most of the attention we got was from others who had much more money and who copied our ideas.  These other companies had millions to spend.  But, even with their millions, we are in the running of the top 3 of our type of site.  At this time, we don’t have a huge membership due to some technical issues and the fact that we have not been able to spend the money for some of the more elaborate bells and whistles. 

 

With 4 million we could not only match but far exceed what others have copied.  The thing is even though they have copied, I have kept my long range plans pretty close to the breast.  So, they have only been able to gain access to the site, find what is there or things that are in the works, and copy those.  They haven’t a clue where I was going with this idea, even though some of them have had the balls to actually call me on the phone to ask me to share my future plans with them.  LOL 

 

Ok here is the thing, would need an investor who would be willing to help take this to the next level.  The plan I have would make them their money back in less than two years.  What steps would I need to gain an audience with someone who 1) has the type of money to invest that we need, and 2) would be willing to work with a site that does not have a large membership, yet?

Jan. 16 2008 at 11:17 AM
robertj Posted by: robertj Sunbassador
In general, I've found the process includes the following steps:
 
  1. Identify your capital strategy
  2. Lay out the plan of action
  3. Prepare (the company, the team and the materials)
  4. Execute the plan
For each specific situation these steps may vary in detail but being "capital ready" is an important component to attracting the capital.
 
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


Jan. 21 2008 at 12:21 PM
No Photo Posted by: mattsind
Well,

As I have learned from various suggestions in threads throughout SuN is that you can try to find investors from your family circle or angel investors.

I can't suggest any specific investors; however, I suspect once you've identified them you will need all the information Robertj suggested.

Jan. 21 2008 at 2:52 PM
FastVentures Posted by: FastVentures
While many investors prefer to invest in companies that are more mature and generating predictable revenues, there are others that are also open to investing in pre-revenue stage ventures. What kind of investments an investor typically considers is usually determined by factors such as industry experience, portfolio structure, risk tolerance, and funding vehicles.

Let’s remember that recent web 2.0 acquisitions such as YouTube.com and Yahoo’s planned acquisition of Facebook.com were based on entirely different fundamentals. So, to determine if your company represents a viable investment opportunity or target for an acquisition, investors will have to analyze your business in greater detail.

Also, the fact that a couple of copycats were able to move faster than you were, does not necessarily mean that you are at a disadvantage here. Sometimes, being the first-to-market mover requires a lot of legwork to introduce and position a new product or service, let alone penetrate targeted marketplaces.

So, if you think that your business represents a viable investment opportunity, please feel free to contact me via http://www.FastVenturesUSA.com and I will be glad to offer an honest opinion on your chances of procuring formal outside financing for your web-based business.


Nothing is as powerful as an idea whose time has come.
http://www.FastVentures.com

Jan. 21 2008 at 10:30 PM
No Photo Posted by: austin28
Thank you all so very much for your wonderful input!
Aug. 12 2008 at 1:39 PM
No Photo Posted by: centerprise
One of the best things I have found is angel investors. I have had wouderful results with www.breadstreet.com. Breadstreet has investors with millions of dollars to invest. The fact that you are 90% there is great, and with the right investor or two that you will be where you need to is alot better than most.


To post a reply, please login or join StartupNation