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Becca Staples posted a new Financing A Business thread on 1/31/2012

New Startup And New To Small Businesses

Hello!

I do not know much about financing a small business. I need to know if the following is really true: There are Angel Investors willing to help startups at the seed phase when the startup up company only owns a business plan, and with zero in capital or sales?
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Chris Hennen Responded on 2/1/2012


Yes, you can find angel investors but it's not always easy. There are a lot of people out there like yourself. You should come up with an excellent pitch 30 seconds or less and put it up at sites like Raise Capital and some others. Investors might see it better or you could always look for partners. Good Luck
 
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John Walden Responded on 2/9/2012


Often, whether a new venture is funded or not by an Angel Investor will depend on several key factors:

1. The Entrepreneur(s)/The Management Team Seeking Funding - Most of the time, investors are most concerned with how likely the business founder (or team) is to be capable of create a successful venture. They ask, "What success and experience do you have in new ventures?" Often, investors will bet on the jockey (that's you, the entrepreneur, in this case) - and not on the horse (the idea or business concept).

If you don't have a great deal of experience with new ventures, it might make sense to find someone who does. Then perhaps get his or her help. You could consider adding that person as a consultant, an advisor on your advisory board, a member of the management team or an independent contractor.

2. Connections - Frequently, Angel Investors are introduced to the entrepreneur by a mutual acquaintance (an attorney, an accountant, another business professional, another Angel Investor).

You may wish to visit with the mentors and business consultants at SCORE in downtown Chicago (which is perhaps the closest location for you):

Chicago SCORE
500 W. Madison Street Suite 1150, Citigroup Center
Chicago, IL 60661
Phone: (312) 353-7724
http://chicago.score.org/

If downtown isn't the most convenient, there are numerous offices throughout Chicagoland. Check the website for a location near you.

SCORE mentors deliver FREE, confidential, valuable advice for your business needs. Whether you are a start-up or an existing business, SCORE mentors will help you reach customers and achieve your goals.

Also, you may want to try SCORE's free email mentor advisory services:
http://www.score.org/mentors
Thousands of seasoned professionals across the country are standing by, with specific experience in specific areas of business, including startup funding.

3. Persistence - Stick with it. The process of seeking investment dollars can often take months - or longer. Stay focused. Keep making calls, send out emails, visit websites, seeking people who might be able to influence prospective Angel Investors.

Don't forget to speak with your own address/contact list of people you already know. Get their input, ideas and assistance.

Cordially,
John Walden
 
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Adam Dudley Responded on 2/14/2012


Hello,

If you need funding for your start-up you can receive up to $200,000. Fast 24-Hour Approvals Funding in as little as 2 weeks No Upfront Fees Required. follow this link http://www.businessfinancestore.com/fundingapplication/index.php?id=1822

 
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Anthony Jones Responded on 4/25/2012


These are tight economic times and even Angels are going to require most entrepreneurs to have some kind of "skin in the game" (investment in thier own project) so it could be a very long and expensive process to find investors. I operate a Business Incubator program where we help start ups with ALL resources they need to get going. This includes funding,management help, marketing assistance, administrative functions and even access to a shared office facility to work from for as little as $250.00 a month (depending on what major city you are in or close to).

If interested, contact me at ajones@ab-consultingsolutions.com
 
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