I have a company that will need 300k or less to start up, should I go to the bank or would it be better to find Angel or Venture capital? The reason I ask this here is bc of fundamental differences my partners and I have on acquiring the money? So does anyone have any idea where people can find 300k for a start up?
You could start printing it up and say it's worth something to control the lives of people all over the world.
I guess the kookier and more magical your idea is, the more you should lean towards Venture Capital as opposed to banks. I imagine banks just want their money back, which I'm guessing means they either want a stable, familiar business and $300,000 worth of collateral But I assume Venture Capital companies are looking for eventual ownership, which leads me to wonder if they would want to invest in something a little bigger than whatever $300,000 would generate. Christ, really proud of my Finance degree right about now .
Sure, but only if the startup money is for either a homicidal, cannibalistic death metal band or a blonde w**** calendar, apparently.
If you truly have a good idea/concept, and are at least a little creative, you'll find a way to get it.
This depends on the business. Many great internet companies rose from the ashes of the dot com bust because there was a glut of unemployed talent. Twitter has yet to make a dime but because the potential is obvious and huge, it has investors lined up for miles. Getting a seat with angel investors costs money unless you already have something of value like a patent or product that does the advertising for you. Also, http://www.keiretsuforum.com/
QFT If you're asking professional financial advise on a sports forum, its pretty clear you don't have a decent network at this point.
How's 500k? Check your account, don't ask questions. Get another phone, don't answer your old one. I'll contact you again within 2 years, try not to let the cops get your prints.
Along those same lines, any body here design websites for relatively cheap? :grin: If so please e-mail me
family... if not, you're screwed because banks don't loan anymore to people who ask the question "where do I get startup capital." read some books on the subject before going into business because you already sound like you shouldn't just yet. Fair warning, and good luck.
your best bet is a friends and family round. Capital from both banks and vc's/angels will be hard to get. In the outside event you could find capital there, both will be expensive - though in different ways. Bank capital will want paid interest, will charge fees, and will be on a relatively short term. VC/Angel capital will take a large part of the company. If you can find a friends and family round, obviously you don't want to, and if those friends and family aren't stupid, won't be able to, rip them off in terms of ownership, but you should be able to get that capital much cheaper.
