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Venture Capital
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Dedicated MacNNer
Join Date: Nov 2003
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Can anybody provide me with guidance on finding an investor for a software product I am developing?
Thanks!
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Registered User
Join Date: May 2005
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Professional Poster
Join Date: Jan 2003
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Originally Posted by TampaDeveloper
Can anybody provide me with guidance on finding an investor for a software product I am developing?
Thanks!
Write a business plan. At the very least, prepare an executive summary.
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Dedicated MacNNer
Join Date: Nov 2003
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Originally Posted by micahgartman
This is exactly what I was looking for! Thank you.
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Addicted to MacNN
Join Date: Sep 2001
Location: Toronto
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If at all possible find a different way to finance your idea. With Venture (Vulture) Capital you'll be lucky if you own 5-10% of your company once they're done with you. I looked into it in great detail when I started my own business and in the end decided to finance it myself. This means working two jobs, but it also means that the reward for my idea is mine (and my partners) alone.
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Registered User
Join Date: Apr 2003
Location: The Internets
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Originally Posted by Mastrap
If at all possible find a different way to finance your idea. With Venture (Vulture) Capital you'll be lucky if you own 5-10% of your company once they're done with you. I looked into it in great detail when I started my own business and in the end decided to finance it myself. This means working two jobs, but it also means that the reward for my idea is mine (and my partners) alone.
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Mac Elite
Join Date: May 2001
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If you have to ask us, you're not going to get VC money.
Generally, businesses that are going to grow extremely rapidly, and will probably IPO within a few years are the candidates for VC. The stages they go through are self-financing/friends/family for the first few tens of thousands of dollars at least, then angels, then VC.
Small businesses, those that don't have a realistic hope of making millions in revenues in a few years, generally stay in that first round, and had better damn well be profitable within a year or so, or else they're probably going to fail, as most do.
As for VC taking equity in the company, well duh. Who is going to give you millions of dollars, when you're expected to burn through it in months, without demanding a large share of the stock in return? They're in it to make money, not give it away for fun.
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This and all my other posts are hereby in the public domain. I am a lawyer. But I'm not your lawyer, and this isn't legal advice.
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