Advice on Venture Capital or Prvate Equity Investors?
What advice can anyone give on getting a startup company funded. i have a amazeing idea (though it comes with alot of cost) i have been running round and round with variuse capital firms in the past six months and they all are crazy in my option the ones that want to talk to you want a 25 thousand dollar retainer and the ones that dont want it dont ever reply
You NEED a written business plan!
Lenders want to see something more than JUST SOMEONE ELSE “darkening the doorway, asking for money”.
You’ll probably have to go to a “hard money lender”. The interest rates are very high. Those folks have absolutely no mercy or compassion at no time or any time – not even around the holidays.
They want to be paid: each month – every month; on-time and every time.
If you have anything of value, you’ll pledge it or put it up as collateral. You’ll “sign your life away on that dotted line”.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!