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May 20, 2010

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That made me laugh! Thank you.

I do love a web site described as "startup financing" that includes the statement "All investors, from angels to venture capitalists, want to back a sure thing or the next best thing to it. This means that a startup needs to show that it has bona fide sales first. Only then will investors pay attention."

Why give up substantial amounts of equity if you already put in the time and money to fully develop a concept, take it to market and have sales? If you're a "sure thing," with sales and PO's in hand, I'm pretty sure a bank will talk with you and demand far less from you.

If angels and venture capitalists only want to back a "sure thing," they should invest in T-bills.

Sounds like you don't have much experience in capital raising, Jim. You may not like it but that's the way it is. Go try raising money and report back to us.

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