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Old 08-27-2004, 06:43 PM
shellyki shellyki is offline
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VC, Private, or Angel Investor for online start-up + web app tools

I truly believe this business could be as successful as eBay, Amazon, and Google, and could very well catch the attention of those companies or other large software companies for possible acquisition of either the business as a whole or individual software applications.

My partner and I are software and online entrepreneurs with combined 25 years of experience in this industry. We have an online business scheduled to launch soon with the potential to be extremely successful. Not only do we have the online business suite in progress, we also have other web application tools in the development stages.

We do not necessarily have to have an investor but feel it would help speed the growth, making this an unique and rare opportunity. We would preferably like to find a single investor who would like to fund us for the next 1-3 years while getting the projects off the ground. We will give a single investor 40% of the whole business for it's life, including ALL future developments and subsidiaries. In the case of more than one investor then that percent would be split. Our forecasted profit potential is based on market research, the advantage we have over the competition, the web applications we have in progress, and the value the business adds as a whole. We anticipate the business in it's entirety will bring in over $5 million or more annually.

We have a Business Plan at 70% complete and an Executive Summary at 50% complete, as well as are close to an online launch.

We seek someone with a sincere interest in investing in start-up online and software companies.

SERIOUS INQUIRIES ONLY PLEASE!

Email: shelly@mezmerizedia.com
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Old 09-02-2004, 08:19 AM
gentry gentry is offline
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How much money do you really need and over what timeframe do you forsee repayment of said monies?

Details.
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Old 09-07-2004, 03:05 AM
shellyki shellyki is offline
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Quote:
Originally Posted by gentry
How much money do you really need and over what timeframe do you forsee repayment of said monies?

Details.
We are seeking 500k for the first 3 years. Possible ROI within the first year. This is a 40% share of business, we are looking for an investor interested in going in this with us, not a loan.

If you are interested we can put together an overview of the business plan and executive summary. Once you have read that and if your still interested we can talk more.

Thank You
Shelly King
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Old 09-07-2004, 02:23 PM
mnphysicist mnphysicist is offline
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You need to get your ducks in a row finance wise. A serious investor will see the following red flags as a lack of planning, and as a result, you will not hear from them again. I would say to hold off doing any investor presentations until your plan is complete.

1. No exit strategy, 40% share does not hold much water.
2. Possible ROI in 1 year, but you are asking for 3 shows a lack of planning, the plan needs to be realisitic and solid to be credible.
3. 40% for life is a big problem, if you do want to go after the likes of Amazon, you will need additional rounds, and the 40% will be diluted big time. If you don't want to go big, thats fine, but that needs to be covered in the plan. It sends mixed signals.
4. You ask for private, angel and vc, and then $500K, clearly outside the realm of most VCs, it shows lack of planning

Investors never want to "go with you" they want a return on their money. You may however find a partner for a 40% share. The problem is, that many times partners will even be more difficult when it comes to due diligence and planning than investors.

Ron
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Old 11-02-2004, 02:57 PM
shellyki shellyki is offline
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I am now alone in this venture but plan to keep plugging along, most likely without any VC money, until the business grows. It is very hard trying to start a business, plus try to live. I am not as starry eyed as when I first went into this. How do people truly succeed?
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Old 11-02-2004, 09:31 PM
mnphysicist mnphysicist is offline
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Passion and Persistance, combined with knowledge that doing the same thing over and over does not equate to different outcomes.

Starting a business and living are often times contradictory, especially if the business is going to be big. A friend had some great insight. "You may really want that peice of capital equipment, it will save you months of development time, but unfortunately, you cannot eat it" It comes down to reducing ones living expenses to the bare minimum, such that one can put everything else into the business. Its hard, very hard, but if you are passionate about your idea, its doable. If not, the idea may need some more review. However, please note this is applicable only to BIG ideas. If one wants to build a smaller $1MM-$5MM operation, thats another story.

Here's an example. A lady is passionate about crafts, she puts in hundreds of hours, and when everything is said and done, at the end of the year she makes $1/hour. If her goal is to become the next gift basket phenomena, $1/hour is great, as its a start and an investment in the future. If otoh, she wants to run a flea market or small internet business and make it her sole source of a moderate income, the $1/hr figure is a loosing proposition.

In your case, you need to combine both aspects, first a small entity to provide for food shelter etc, and then leverage the knowledge gained during the bootstrapping process for the big entity you want to become. It will take longer, otoh, the potential of doing so with minimum dilution up front may well compensate for the additional grief you will go through.

Ron
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