What is the best way to get venture capital?

Well, what is it? I am trying to get $5k vc for my financial service idea but am having some trouble, could you help me out?

Thanks in advance!

 

Get a credit card with that limit.

 

That would be a loan, not VC though.

 

Beats convincing someone your idea rocks Plus with VC your typically talking alot more dollars.

 

5K is not much for VC.

 

Maybe it is not much but it is still way more than I have.

p.s. If you want to provide some VC funding for me just send me a pm

 

Look for local angel investors, I don't think venture capitalist deal in such low sums.

 

No legitimate VC would even consider $5K. A million dollars is considered too small for most VC's.

Your best bet is a family member or a personal loan.

 

Well right now it is a loan that will be paid back with interest by company profits but if I turned it into an equity loan then I could bump up the ammount signifigantly.

 

I am looking for personal VC here on DP

 

Go to get a loan from a bank. Anyway the answer is in an excellent business plan.

 

Well get yourself another job and you'll be able to lend that much on a CC in no time. The banks just love giving money away And besides, for such an amount why would you want other investors dipping into your profits.

 

For such amount they wouldn't be, it would be a personal loan but paid for by company profits so I think it is sort of like VC.

For a percentage of the profits for life it would need to be over $10k for sure, maybe higher.

 

Most VC organisations have a minimum. I have seen minimum of 500K up to 50 Million.

One option is to write a plan and go to the bank with it, other option is to attract private investors.

5K is not a big amount for me, I am always willing to invest in projects. PM me at least a one page project outline and one page financial outline and it might be interesting for me to invest in.

 

PM sent

Does anyone else have suggestions?

 

Well, check if your community has a small business bureau or the likes, maybe they can match funding for you or at least give you some kind of breaks. You probably need a good business plan and business model and a kick-ass product or service.

If you believe in your product or service then a business loan is not too bad. If you don't think it is viable then you probably cannot convince anyone.

VC usually wants control over your business and will bail out the first opportunity it can to make money.

 

Thanks eddy!

Just an update: There are 2 people currently interested but are very hard to contact, is anyone that I can talk to now interested?

 

My brother deals with VC, usually over £250k
he takes 12% on top of loan and then 30% - 49.9% of shares in the business. And would possible secure it against your home depending on the amount and the product and the risk.

My advice is get a CC or a Bank Loan
its cheaper

 

Is there anyway to make it dependant on the success of the business? I don't have a very stable income and don't want to lose my house because of my web 2.0 start-up.

 

I might be interested in helping you out, PM me the details of what you are trying to do.