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If you are trying to finance your startup in today's depressed economy, I feel your pain.
It's tough out there. Even the Venture Capitalists are seeing their money supply reduced dramatically. Angel investors aren't as liquid as they used to be.
With all the cash taps basically shut off where do you find startup capital for your business?
As the economic news becomes bleaker by the day and the word "depression" no longer feels like hyperbole, it's time for entrepreneurs to hunker down and become very realistic about how they will finance their startups. The days of writing a business plan, traipsing into an investor's office, and dropping off a copy are over. Indeed here at the opening of 2009, we are in a situation which is the exact opposite of 1999 when there was loads of capital available to fund even the silliest of ideas. Back then it seemed as if at least half the workforce was walking around with a stack of business plans under their arms knocking on venture capital firms' doors.
Well, not anymore.
Only the tough and financially savvy will be able to cobble together the financing that their startups need to launch and survive in this economy. This is not an economy for wannabes.
With this reality in mind, I am starting up a new newsletter which will cover startup financing lessons for a depression or deep recession.
You can subscribe for free here: Subscribe Me to Startup Financing
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Is this for online businesses or real businesses?
Posted by: Gwen | January 03, 2009 at 01:51 PM
Here in the UK, "Business Link" is a website from the Government that gives all sorts of ti[s as well as some information about start-up grants.
All the beat!
Posted by: On the Money | March 02, 2009 at 03:46 PM
Great concrete advise and it doesn't sugar coat the reality out there
The Closer
http://www.iloveclosing.com
Posted by: The Closer | April 08, 2009 at 03:12 PM
It's a good thing that there are so many ways to market for free online these days, taking advantage of social media, like YouTube and AdWido.
Posted by: Matt | July 23, 2009 at 09:04 AM
Online business are real businesses...
http://savvybox.net/index.php/Business-Credit/
Posted by: Austin | August 07, 2009 at 08:06 PM
This is a very touching blog, If I only could have had an idea I wish I had read the material on here sooner. Thanks for sharing everything this is a very nice blog
Posted by: olique estefan | August 31, 2009 at 10:09 AM