Has anyone here ever gone after funding and gotten it?
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I was going to suggest the same thing about Shark Tank. Now I'm gonna have to check out Dragon's Den.
I've had some mild success with funding and have to say that a business plan alone is rarely enough. You should have something of your own invested in the project other than time. Think of it like buying a house....The larger your down payment, the less risk for the bank handling your loan.
As woj said, VC's are more for taking it to the next level rather than building it from the ground up.
That being said.....I'm currently seeking 20 million for a mainstream project and willing to give up controlling interest in the company to get it. 10's of thousands has been invested into the business plan and R&D including building plans, cost analysis, market analysis, etc... I have the right media and business connections for a massive roll out as well.
If we build it, they will come.
Any parties interested in seeing what I have, who are actually in a position to invest, feel free to hit me up.
Good luck on your missionComment
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Yes for sure.
I know a guy (my brother in law) who owns a major consulting company and they are starting to invest in some startups. I can hook you up with him.
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I have, its not easy, but being persistent & networking, talking to people & make sure you have a solid business plan. Be prepared to talk to a bunch of flaky people, but thats part of the game...Im in round 2 of capital searching myself! lol but good luck dude! if you have any questions send me an email, I'll try to help !
Cheers,
WaltComment
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Good luck!yeah i figure that to be true
however this is not an adult project at all.
as it stands memberchannels.com is more of a technology/software company then anything.
we are expanding on that, and have identified several nice places to make money in the so called "mainstream" marketplace
With mainstream you will have more chance. The last 14 months we developed a huge touchscreen application to automate child day care organisations with touchscreens/tablet apps for a client.
They funded the seed investment stage themselves and recently have been funded by a VC for round 1 investment.
From what I know is that they could choose over a few VC's.Last edited by SZNY; 07-28-2011, 12:43 AM.Telegram: sandroanthonioComment
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Very happy to see this topic. I actually noticed it when I came online and wanted to start the exact same one.
Not trying to hijack here, perhaps answers to my questions will add value.
I have 2 private investors who are interested in investing. Never had any experience with investment/loans and stuff so I really don't know where to take it. Wouldn't even know what to invest the money in.
What are the top things you guys would invest in for your adult site?Comment
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Where you lack in content you need to make up with being a smooth talker/ bullshiter.I have two friends that regularly get money and it just blows me away... One of them gets millions and the other considerably less, but nothing to balk at.
Remember the Sean Parker character in The Social Network as portrayed by Justin Timberlake? That is the million dollar guy. Rich people throw the fucker money just because he is so charismatic. His success rate with the companies he starts is about 1 in 5. But if you are one of the 1's, you might give him 4 or 5 more cash infusions.
It really comes down to having the right connections. Not many people out there who throw money around on VC projects and its hard to find them. If you already know the right people you have a leg up. If you don't know the right people it's going to be damn near impossible to find someone.
Also, if you trying to pitch an idea or concept that isn't making money yet, or worst you haven't even built it yet then you have a .0001% chance of getting funding. Most VC guys want to see a successful product or service and someone who needs resources to grow it and expand.
traffic.... purchasing existing traffic sites that you could use to send sales to your adult site and/or make money from selling the traffic you don't use and/or making affiliate sales from that site.Last edited by will76; 07-28-2011, 12:03 PM.ICQ: 86364801 Email: will [at] innovativeassets [dot] com
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I have received funding from private investors for various projects 3 times now. Couple hundred grand each time.
I never had to shop any around, I always somehow managed to make a deal with the first people I talked to.
Tips... Be honest with yourself in your business plan. Don't write it like "how can I convince this guy/bank/whatever to give me money" enter into it more like "Is this something I truly want to spend the next 3 years of my life doing?" and use the business plan to answer that question. You need to be your own devil's advocate.
Don't go empty handed, and follow up regularly. They will usually do a long due diligence process, so if your mania doesn't last that long, you'll deflate or get desperate and they'll see it. Usually people looking for investment are clearly very excited about their ideas, but you need to back that up with substance.
If you don't absolutely have to get money, don't. Why are you giving away half of a successful idea? Think long and hard about that question.
Don't get a "loan" for the love of god. Loans need to be repaid. Investments do not. If you fail, they lose their money. It's not like a bank where you got a loan, spent the money, and now you owe your life to them. Don't do that.
Lawyer up, create a corporation, yadda yadda.
Ask what an investor can do for you beyond money. Money only does so much.
And finally, investment is best used to grow a business, not start one. First, you'll be in a better position to bargain with a finished or successful project. Second, money spent on startup costs is usually lost, and most investors don't want to spend enough to both start a business and then re-up and grow it from there.
Money is best used to accelerate a business. If you have a successful business and say to yourself "if I only had a million dollars I could exploit this opportunity so much more" then that's a good case for investment dollars.
Oh and the biggest, best, #1 tip of all time....
Never borrow money from someone who can't afford to lose it. I've never asked for a dollar to start a business from a friend or family member, and I never will.Comment
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Also,has anyone here had any dealings with:
www.securityfirstms.comICQ: 470687453
EMAIL: [email protected]
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