Any Venture Capitalists out there
- Thread starter CamBarr
- Start date
gemini aquarius(t)
Always Learning
what are you looking to invest it sorry but if its a fish store im going to be happy
lol
xavier
lol
xavier
JenDub
In Memoriam
haha, VC's typically won't loan less than 2-3million and they are looking for 10X return in a 5 year period (or less)
Angels will typically loan 500k and up, you get $25,000 per angel so you need to convince 14-15 members to fund you. TCA has something like 300 members so you've got a fighting chance if your plan is good.
I also suggest you hit SCORE (service corp of retired executives) before anyone sees your plan so they can critque it. Angels & VC's don't forget people they turn away and they can be quite ruthless when it comes to taking shots at a plan.
Good luck-if you hit it big I want a new tank =)
Angels will typically loan 500k and up, you get $25,000 per angel so you need to convince 14-15 members to fund you. TCA has something like 300 members so you've got a fighting chance if your plan is good.
I also suggest you hit SCORE (service corp of retired executives) before anyone sees your plan so they can critque it. Angels & VC's don't forget people they turn away and they can be quite ruthless when it comes to taking shots at a plan.
Good luck-if you hit it big I want a new tank =)
Depends heavily on the firm. If you go with a IB firm, they'll typically be looking for about 10x that (20M minimum).
Many, many ideas don't need VC or even angel funding - traditional bootstrapping has many advantages (such as allowing you to keep a majority of your business, and not turning yourself into a scapegoat that gets fired when you don't produce).
CamBarr
New member
dub, jjirsa78
I have the basic outline down with most vc operations. Moats of the investments I have produced in the past have been with company funds now I want to start my own marketing firm and need some good start up capital, I need vc funding but angel control.
If that makes sense, 2-3 m start up costs with great ROI just the main factor is the control im a hands on type of guy
Thanks for the heads up on score they have helped me tremendously in the past.
what do you guys do anyway???
I have the basic outline down with most vc operations. Moats of the investments I have produced in the past have been with company funds now I want to start my own marketing firm and need some good start up capital, I need vc funding but angel control.
If that makes sense, 2-3 m start up costs with great ROI just the main factor is the control im a hands on type of guy
Thanks for the heads up on score they have helped me tremendously in the past.
what do you guys do anyway???
I'm a network & software engineer - I just happen to do 'mercenary' type freelance work for a lot of companies trying to do first round VC (people who need quick prototypes with low funds tend to find me through others I've helped in the past).
I also played a bit of this game after I created Vobbo ( http://www.vobbo.com ) - we got (and are still getting) a bunch of calls from firms who think throwing money at us will make us the next MySpace. After a lot of thought, we've decided not to take on any outside funding... yet.
I also played a bit of this game after I created Vobbo ( http://www.vobbo.com ) - we got (and are still getting) a bunch of calls from firms who think throwing money at us will make us the next MySpace. After a lot of thought, we've decided not to take on any outside funding... yet.
JenDub
In Memoriam
PS- the Angels can do larger amounts, you just have to convince more members, for example they put $7m into cough suppressant breath strips (put on tongue and they dissolve with the medication).
They will want to choose 2 of the 5 members of your board of directors (usually they appoint someone to watch the project), You get to choose two (yourself & a partner typically) and then the last member is mutually agreed upon. They usually want 33% of the company as compensation...
They will want to choose 2 of the 5 members of your board of directors (usually they appoint someone to watch the project), You get to choose two (yourself & a partner typically) and then the last member is mutually agreed upon. They usually want 33% of the company as compensation...
