"Chris Clabaugh" <cclab12_at_yahoo.com> wrote:
> A friend and I have a great conceptual idea for a new
> website. We are in the process of developing our
> business plan and we want to attempt to acquire
> venture capital. We understand that with the recent
> failure of many dotcoms, and our own limited business
> experience, we stand a very little chance of receiving
> desired capital. Can anyone recommend specific firms
> that specialize with dotcoms?
You may want to consider asking on the isp-investor list at
http://isp-lists.isp-planet.com/isp-investor/. More detail would be helpful
to point you in the right direction since VCs might not be a good fit. Most
VCs won't even consider investing unless the investment requirement is
several million dollars, you're willing to give up a huge stake in the
company, you have a strong board in place, the business model is compelling,
the expected ROI is significant and there's a clear exit plan. If that's
not the case you are better off looking at angel investors, SBA loans,
loans/investments from friends/family, tapping into credit cards and home
equity loans, etc.
If you'd like to provide more details on-list (here or isp-investor where
it's more on-topic) or privately maybe some of us can answer your questions.
--
Steve Werby
President, Befriend Internet Services LLC
http://www.befriend.com/
Received on Fri Aug 22 2003 - 12:53:53 CDT
