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Old 05-06-2008, 07:09 AM   · #11
stscac
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Originally Posted by shockie
at only $5000 you wouldn't want to sell out to a vc or be accountable to anyone else for that matter. i'd suggest keeping it entirely your business where you get to make the decisions, and just save up a little bit, try to spend a little less and make a little more on the side.

it'll be much worth it in the end, but if you absolutely need money now then i'd suggest asking the bank.

Ask the bank. Expect to have good credit to get a loan.
Originally Posted by -Nick-
Getting 5K from venture capitalist is risky.

I would have earned it on my own and then invested it. It would be only the loss of time and efforts if there are any losses.

And I am not trying to be negative but you have to think on that side too. Only then the foolproof plan is in place.

If there is all profits that you are seeing now. And if it is gonna work that way then it is all well and good. But you have to think about its issues and what if this and what if that. Weigh all the pros and cons.

Make a checklist of it.

Some cons can be ticked marked if you have found another way around it.

And in end you will get a good solution.

If you don't know how to do that then let me know the idea in PM and I can make a list of all the pros and cons for you.

Thanks.

VC's generally won't look at anything less than $2,000,000. If you're looking for other investors other than a bank, try angel investors. Angels generally start at $50,000 and go up to $600,000. Any investment less than that, you fund personally, via savings, FFF, or loans.

-Steve


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