Triple 6

Im looking into starting a brick n mortar biz, but i just simply dont have the cash to start it. So while I research every possible cost (so i can finish off my biz plan), Ive been looking into grant money (state, federal, etc). Im even about to look into private VC companies...

Yea so my question is, any1 ever try to apply for grant / vc money? Did you succeed? Anything I should know besides mapping out my biz plan like the human genome project?

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erehwon

"Free Money To Change Your Life"



You might want to look into this, I shit you not, but Mohammad Atta aproached the U.S. Govt to get a grant to finance the 9/11 attacks, after reading Matthew Lesko's book. The reason why he didn't get the grant was because he wasn't a U.S. citizen.

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Triple 6

lolllll, i got that book :P jus seein if any1 around here had some success with those type of programs.


but thats some crazy shit about Atta..

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HAPPYPEEKERS

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HappyPeekers - April

wdsguy

I will just tell u my experience of trying to get loans and VC in california.

Venture capital is hard to get especially for a small time entrepreneur. You idea better be very unique, has a potiential market, you gotto have a good management team, etc. If this is just a generic business in a mature industry, forget VC unless u have something unique about it.

Angel investors- These are individuals who will invest in your business. Again they are looking for some of the same things as Venture capitalists but u have a better chance of getting money from them. Look around the web for associations

Banks- I've never had any luck getting a business loan. Its hard having a chance with them if u are a small fish

SBA- small business admin, I've heard some good things about government loans, so u might want to check out the local agencies that may provide community small business loans


My advice is to go with relatives. You can get some decent capital and probably can get a lower interest rate

Triple 6

thanks

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WiredGuy

I obtained a grant from my university when I started my business. Last time I checked with them, I was the only company they awarded the grant to actually make a profit. It was a lot of hassles having to jump through their hoops, making presentations, providing progress reports and such, but when you're starting a company, money was tight.

WG

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