Business Idea- Need VC! ---PLEASE READ
Hi everybody, I'm a new member and I have a business idea. My idea is for a social network based on advertising. I have a unique way to draw people in to tho website, and if I can get a million member revenue would be $365 million. I need some venture capital. Anybody interested? I will explain in more detail in private message. If you are interested comment or private message me. Thank you.
*Members, sorry.
Going to WSO with some crackpot startup idea is definitely the best way to get VC funding.
Your best bet would be to explain in more detail right here in the comments.
And send me the business plan, I will take a looksie and keep the idea safe. Promise.
So your business plan is based on each member clicking on a $1 advertisement every day? Don't think so.
The retard with this one is particularly strong.
VCs dont really fund new companies big guy
yeah they do, you goober. pe firms usually fund more mature companies, vcs younger, more risky companies. of course, there are exceptions. generally, that's the idea, though.
I have a bridge to sell you with the billions you will make off of that.
younger, riskier companies. not ideas ye
You need an angel investor, or a rich uncle. Preferably a dumb rich uncle.
^this. lemme know where to send the money.
However, before I do so I expect a pinkie swear you wont fuck me over
I'm good friends with a principal at a venture accelerator in Austin, TX. Send me your business plan, a NDA to sign, and I'll take a look. If i think its anything worthwhile, I'll personally pass it along to him.
VCs don't sign NDAs. Just thought you'd like to know.
Hey man yea ed is right VC's dont sign NDA's. But honestly if you are scared that someone else will take your idea and run off with it then you will fail no matter. SO dont feel afraid of sharing like you have done just now, because ideas are a dime a dozen.................. so here is some advice.
1) Have you built a prototype, or done any beta/alpha testing? Because without any traction aka beta launch you arent getting any money (unless u go to family)? (this should take atleast 1-2 months to properly do....
2) 2nd off a VC isnt going to fund unless he does so on a personal account (VC will happen a bit later on), an angel wont fund you either because angels fund lanuched companies (which may take 3-4 months post beta testing on average), your best bet is going through an accelerator (y combinator, i/o ventures etc) they will give you 30k and take 8% of the company but if you can have mentors like reid hoffman, naval etc its worth it (but also you need traction first so do a beta test which can really be cheap)
3) While you are preparing for a beta test I would say that you need to start breathing silicon valley now read TechCrunch daily and watch this show on youtube called startups with jason calicanus if you do those 2 things you will have a great idea on whats going on there, which can help with some strategic marketing in the future etc.
4) I am actually coming up with a startup of my own now and we are doing some beta testing ourselves, this summer i am off to SF to intern at a VC fund for a little bit but moreso i am getting space at an accel to work on my project. and hopefully attempt to get into the accel full time, but we will see.
6) also we funders look at your company this is the critera most of the time, they look at the diversity of the management team, they look at how big your idea is and how it will solve a problem in society those are the largest things you should worry about.
5) My friend you gotta be a hustler and a shark, because everyone is hungry and wants that 100 billion dollar valuation.
Honestly it doesnt seem like you are even close to being read yet, ( i spent a month just learning about the valley and the process) if you had some idea you would have posted your project on kickstarter if you need money that fast............. not WSO...... gl man hopefully we will see each other ringing the bell at the S.E. PM if you have any specific questions about your idea.
http://ycombinator.com/ only takes 6% from what I remember.
well some other ones take 10%, I was giving a general concensus, no need to get smart here.
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