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8 Replies Last post: Jan 25, 2009 11:00 AM by bmt2008

Is there a place that matches private investors w/ startups?

Jan 24, 2009 9:58 AM

Diane528 8 posts since
Jan 23, 2009

We provide broadcast integration labor services and are trying to find a private investor that will take an active role in helping us build our company. We don't want to go through the normal bank provided loans as we really want an active investor that will help mentor with their business expertise. The investment is minimal as we only need bridge money to cover the payroll untill the A/R's come in. Is there anywhere we could look for such a person?

Diane

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QB_Doctor 10 posts since
Jan 13, 2009

1. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 12:06 PM

You could look for Angel Investors or Go to a company that funds accounts receivables. They will give you up to 80% of your AR and then take a fee when the money is paid by your customer. Example company that I work with is Hennessey Capital 248-658-1100

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Diane528 8 posts since
Jan 23, 2009

2. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 12:11 PM

in response to: QB_Doctor

Thank you for your response QB - I just completed a profile for the Angels Network and am hoping to match up with someone willing take take an active role in the company. We have the technological know how but really need a business professional to work with us side by side. Fingers crossed!

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LUCKIEST 7,935 posts since
Aug 6, 2007

3. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 1:13 PM

Is there a place that matches private investors w/ startups??

Hi, Do you know about SCORE?? SCORE is FREE both online and in person.

If you are looking for an investor, you will need a Business and Marketing Plan.

Good luck, LUCKIEST

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Diane528 8 posts since
Jan 23, 2009

4. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 1:49 PM

in response to: LUCKIEST

Hi Luckiest, I have my business plan ready, contracts are already being fullfilled other clients waiting to see if we can accept their jobs. All we need is the right partner! It's so frustrating to have the business and resources but not the funds to accept the projects!

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DomainDiva 1,732 posts since
Oct 10, 2007

5. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 1:50 PM

in response to: Diane528

Dianne, please be very careful. There are 'angels networks' that prey on small businesses needing money. You may want to read some of the latest response, especially about a company out of Ontario, Canada.

If anything seems out of order, bring your concerns sback to the forum.

Best, DD

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LUCKIEST 7,935 posts since
Aug 6, 2007

6. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 2:35 PM

in response to: Diane528

private investors

How can we talk?? email?? Phone??

You can email me at " pdeig@juno.com " and please include a phone number.

Thanks

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Diane528 8 posts since
Jan 23, 2009

7. Re: Is there a place that matches private investors w/ startups? Jan 24, 2009 4:39 PM

in response to: DomainDiva

DD - Thanks for the response. We've been burned once before so will be extra careful this time around. My lawyer will be on it like white on rice! Thanks for the advice.

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bmt2008 305 posts since
Jul 30, 2008

8. Re: Is there a place that matches private investors w/ startups? Jan 25, 2009 12:03 PM

Instead of looking for a referral network or angel group (who don't seem to be funding new companies these day) look within your own community. Lots of other successful business owners right next door to you that would be able to both fund and provide guidance. Network in your community.

Can also look for SBICs or venture groups directly through the SBAs website.

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Is there a place that matches private investors w/ startups?

Jan 24, 2009 9:58 AM

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