I have a new web site pad4pad.com that helps individuals sell their homes in this depressed market. The concept has caught fire and I am getting news coverage accross the country. What I started out of frustration in selling my own home appears to have potential. Where do I go from here?
I must agree with Leticia. That is exactly what has happened for me. Because my husband and I are well connected throughout the country and now across the world we have been able to make friends with Angel Investors who are backing us and providing funds exclusively to our companies. It is an amazing feeling to have someone give back so much. So I would get out and network as much as possible and let people see your presentations and share your successes with them. They may know somebody that knows somebody. Stay Encouraged. Be Confident and Passionate about your product or service.
BIGGIE SIZE the VISION...Make is Green AND Humanitarian in Nature, and then
get back to me. The 100 M to 5 B funds are SO MUCH Easier to get. Never
apologize for the size of the REAL Vision withing. Man's Wisdom is foolishness
to the ONE that created us. When we make it a GLOBAL Vision, we will easily
attract the TEAM capable of playing with us at the level.
Funds don't come to the Asset, the DEVELOPMENT Concept...but the TEAM
that will be required to Execute the Plan. It all comes down to placing
the Right Magnets into place, and then the RISK Reducers...Investors expect
to hear about in the Plan, but seldom do.
I would be happy to send you a very expensive Business Evaluation Plan,
that our Hedge Fund Partners developed....it's on me. I am also a Gatekeeper
to 40,000 CEO's, Investors, Bus Owners...1/3 of whom are Very High Net
Worth Individuals. Angel Investors in our Network...have NO interest in
taking over or one day running your Business. They do expect you though
to have a TEAM of Advisors. With 3 your are Free, with 5 You Thrive,
with 7, you are either in Heaven or have formed a Committee!
Too much to share, but I never chase folks down to help them. MENTORS
that do that...have their own agenda...perhaps we will talk one day.
Looking Always Forward, Don Ward
If you want venture capital in this market - what exactly are you offering an investor or VC? What is your advantage? How is it different? Can you offer more return than other options? VC - with the IPO market closed are not really looking for new investments - they are more focused on their current portfolio. What do you offer that will make them change their minds? There are tons of companies that can help you sell your home or refinance your mortgage - what makes you different that you can generate $100 million or more in the next few years?
I ask these questions because these are the questions that a VC will ask! VCs want to make money and if they are going to give your $5 to $10 million - they want at the very least 2.5 to 3 times that back in the next 5 years. Can you provide that - given this very bad market and closed IPO market?
You might be better growing your business a little bit slower. Find a way to keep cost down and start generating revenue - this will really help if you approach VCs. Grow slowly - make a mark - make it better, faster, cheaper - then when the market starts to turn (later this year - early next year) then go after VC - you will have a track record - a seasoned management team - and the potential they are looking for.