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Thank you for your help and advice Lighthouse24, it is appreciated.

I have also come across a new website if you care to take a look. This will benefit many new business owners who are trying to find a start-up capital. I have registered our company in the hope to find an investor. I hope this will help out many more of you on this site.

www.fundability.com

30 days free trial $24.99 a month there after. The site helps new business owners and investors come together without having to pay the enormous up from fees that other companies charge just to find an investor for you.

Hope this helps.

Kathryn

I think you're asking for way too much money for a start-up, and I don't see how you can possibly expect to be in business for this upcoming holiday season.

You need to do a set of financial projections that show various milestones as you grow, indicating how much capital you need at each milestone to move on to the next.

If you are still in the concept stage, then you are probably looking for money just to build the infrastructure to get started. Then you'll look for dollars to start marketing and actually generate revenue (proof of concept). Then you'll look for dollars to grow what you've started. And so on.

You're not getting $4.5 million on Day One. And if you were, you'd be giving up 90+% of the company, as it's highly unlikely (oh, let's just call it impossible) that your valuation will be anywhere near, let alone higher than, $5 million.

I'll be candid...I don't get this business. It's a discount eBay for luxury items? You don't think eBay couldn't just come in and pound you into oblivion? And do you really think that there are that many people willing to sell high priced items online? And buy them? Who buys something for $10,000 online sight unseen? I know it happens, but enough to make a business out of?

Also, if you get 1,000 transactions at $20 each, that's $20,000 in revenue, not profit.

There's no way to put this without sounding arrogant about it, but you're comparing apples to oranges when you discuss your capital formation needs and compare them to eBay.

eBay had already been in business for about two years when Benchmark put in the first $5 million venture capital investment in eBay. I'm willing to wager that the company already had customers, employees, and revenue -- proof of concept -- before the $5 million went in. I'm also willing to wager that there was already a good slug of capital in there from founders and angels. In other words, they didn't go from a business plan to getting $5 million overnight.

Morever, you're discussing a one-in-a-million investment made in the frothy days of 1997, when getting venture capital was a whole lot easier than it is today.

I appreciate and applaud your belief in your business, but I do think that you need to collaborate with someone on the capital formation part...someone who can bring some current market expertise on how these kinds of deals do -- and don't -- get done.

Have you found any investors for your idea?

No Glory I have not Yet .

Please check my profile. My biz info is there.

To explain in a nutshell: (hatip IWrite...)

Our application retains aircraft maintenance reocrds. If you have seen tho Whoopie Goldberg movie "the Associate', you may remember that Whoopies character had a 'box' of papers and notes. One day she came to the office and could not find 'the box'. Her assistant showed her how she had put 'the contents of the box' on the computer.

All Whoopis character could say was: "YOU PUT THE BOX ON THE COMPUTER??"

That is what we have done literally. Virtual BOX with information AND visual compliance data on the computer. Our website address is on the profile as well. Our application is all visually managed and we have NO search technology. Yet everything is right there available. Sign in and two clicks to your data.

As bad as business is for everyone...Bluefly needs to move merchandise, trust me they already have a huge markup on this stuff as well, even though are are selling at a discount.

GO FOR IT.