Slashdot Mirror
Raising Money for a Tech Venture?
phosphor-boy asks: "Age old story: a friend and I have a fun, part-time technology venture that's actually generating a little cash. To take this to the next level, we need to raise few hundred thousand dollars. There's good reason to believe that it has enormous potential to make money - but since it's a new concept, it's (obviously) extremely speculative, so going to the bank won't work. We've been tentatively offered venture capital funding, but would have to take A LOT more than we need ($millions!), and give up way more control than we'd like - giving up some control is OK, but we've seen firsthand how VC money can run amok, and it's not pretty. However, a few hundred thousand is more than is do-able with friends, family, and second mortgages. So to sum up: too little for VCs, (maybe?) too much for friends and family. Have any others on Slashdot faced this situation? What works here, and what doesn't?"
Where's the plug?
/. without a plug? Amazing!
You mean an actual Ask
dealing with my relatives as part-owners of my business, or a horde of rapacious, money-grubbing VCs as part-owners of my business, it would be no contest - I'd vastly prefer dealing with the VCs, hands-down. ;>
Even though you may not think you need it, they can also hook you up with some Adult Supervision. From talking with VC's first hand, before they were VC's, Adult Supervision is more important and helpful that you probably think. Use your noodle and you can probably find out how to hook up with angels.
Wait a minute. Are we still talking about financial stuff here? I guess when I read "angels" I started thinking about that Victoria's Secret ad where they're all wearing those wings and then you said "Adult Supervision" and I started thinking even more about Tyra and...
Seriously, though, parent poster is right. Angel Investment is the way to go.
1. Buy lots of bread.. put them in the toaster..
2. If the toast looks like the Virgin Mary, put it up on eBay
3. $$Profit$$