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Re: In need of SMALL amount of capital for web based venture(s)

LUCKIEST — Fri, 04 Apr 2008 10:53:56 GMT

In need of SMALL amount of capital. Welcome to this web site.
Do you have an Accountant??, Lawyer??
Do you know about SCORE?? SCORE is FREE.
Be Careful, LUCKIEST

Re: In need of SMALL amount of capital for web based venture(s)

TJMorehead — Fri, 04 Apr 2008 02:49:40 GMT

Hi Johnny York,

I read your scenario. I would re-evaluate the offer from the investor. What is he bringing to the table?

Pull your credit report, (www.truecredit.com) see where you stand. If your credit is not strong, look at restoring your credit, establishing business credit or possibly another partner with stronger credit (a family member preferably).

I consult in the areas of business financing. One of our funding programs may work for you. Feel free to contact me at moreheadsconnections@gmail.com.

TJMorehead
www.moreheadsconnections@gmail.com

In need of SMALL amount of capital for web based venture(s)

DivMediaNC — Fri, 04 Apr 2008 00:34:06 GMT

Heres my situation:
I have been planning and developing a legitimate web based application that targets a very large niche market.

I raised enough money on other ventures to finance it myself. However, unexpected medical bills drained me.

As of today, I am preproduction for the applications programming. I have a single investor looking to become a partner. We're doing all the talks now. However, I'm trying to count my options here. Due to the small investment needed <$20k (for programming and initial marketing), i want to look into the possibility of grants, loans etc. The downside: I'm 24. I'm only co-signed on my mortgage (since '06) and don't have very well established good credit.

the investor seems great, but after his capital is paid back, he wants 50% of everything from then on. I respect that idea and understand how investors work. Except this project is expected to have returns in 6 months or less and be highly profitable within the next year or so.

What else can I do in my position other than give up 50% of my profits, on such a small amount.

Can anyone help? Thanks!

**This is NOT adult based ventures.

Johnny York
Divisional Media.