How would you raise big money?

OK,
So I have an idea that I believe could really work out. I'm still researching exactly what I'd need to do to get it going. But, by estimates off the top of my head, I think I'd need to invest about $30,000 - $40,000. It's a risk I'd be willing to take if I had the cash, but I don't. I honestly believe it would make that back in about six months.

My question is this: How would you raise that kind of startup funding? Keep in mind, I wouldn't be able to get a personal loan that big.

Thanks for any feedback,
boxer126

 

Have you tried creating business plan and approcahing the banks for a business loan as opposed to personal? If indeed it is viable to make the money back in 6 months the bank shouldn't hesitate in giving you the loan

 

Depending on where you're located, there are directories or clubs of angel investors to check out.

 

Yeah investrs and/or a bank loan will take care of that. Otherwise you could make a crapload of websites and make the money that way, would take a while but

 

This idea is a website, actually.

Like I said before, I'm still researching what I'd need to do first. I guess my next step would be the business plan.

The only problem with this, is it might be a pretty tough sell as it's gambling related.

You know what? Thanks for the advice. F-it I'm gonna try it. I'm gonna stop thinking about it and just go for it. What's the worst that could happen? They could say "No". That's about it. If they say "Yes" then I could really fall flat on my face, but the most successful people I've ever read about took huge risks. We'll see what happens.

Thanks again for the replies,
boxer126

 

I mean, create other websites and then sell them or get money through ads to gain the capital

 

Aaaaahhh, we're on the same page now, my mistake. By the time I sell other ads and sites, this idea may be started by someone else. I really think this is just a matter of time before we see this.

Sorry, I won't disclose information about it, but I can tell you I've searched and found NO SITES doing what I have planned. Whether it works or not, I'll keep you posted. Just don't expect any updates for a while as this kind of thing may take some time to plan.

-boxer126

 

If your idea is very good, you could seek funding from Entrepreneur Angels...

When considering using debt to finance your venture, I suggest you take a good hard look at the business and be sure that it will pan out.