how to find investors

[swedishsteel]

Hello, im having trouble finding reliable investors. Ive talked to a bunch but when it comes time to pay they disappear. Almost like they're trying to take my idea and steal it and then realizing they cant because they dont have contact with a vital element to the plan. Ive tried go big network but they want $400 to even consider it. Im sorry but im not giving you jack squat, im looking for investors because i cant afford it myself. If i could i wouldnt be living in my car. I mean...its not even that much. Considering what it is the ROI could easily be $500+ for every $1 invested. I have a business model, business plan and proven success on offline markets. Whats the catch to investors?

 

[farfetchedmoney]

Hello, im having trouble finding reliable investors. Ive talked to a bunch but when it comes time to pay they disappear. Almost like they're trying to take my idea and steal it and then realizing they cant because they dont have contact with a vital element to the plan. Ive tried go big network but they want $400 to even consider it. Im sorry but im not giving you jack squat, im looking for investors because i cant afford it myself. If i could i wouldnt be living in my car. I mean...its not even that much. Considering what it is the ROI could easily be $500+ for every $1 invested. I have a business model, business plan and proven success on offline markets. Whats the catch to investors?

Is it no wonder why you dont have investors?

 

[winordietrying]

Hello, im having trouble finding reliable investors. Ive talked to a bunch but when it comes time to pay they disappear. Almost like they're trying to take my idea and steal it and then realizing they cant because they dont have contact with a vital element to the plan. Ive tried go big network but they want $400 to even consider it. Im sorry but im not giving you jack squat, im looking for investors because i cant afford it myself. If i could i wouldnt be living in my car. I mean...its not even that much. Considering what it is the ROI could easily be $500+ for every $1 invested. I have a business model, business plan and proven success on offline markets. Whats the catch to investors?

The catch could be so many things:

Starting with the fact that you you are living in your car. That raises serious questions about your credibility. They might wonder how you got there, and probably ask the same question. Maybe they don't like the answer they hear.

If that's not it, then maybe they think you might be stressed since you live in your car. That raises questions about your ability of getting things done. Idea doesn't guarantee success, ability to execute does.

Maybe it's the fact that you are promising 500 times ROI. That's sounds too good to be true. So they probably think you are naive or not mature enough, or maybe you are trying to scam them.

I'd say forget about investors, since you are getting turned down so often. Better start offering services or get a job. Then use your own money to fund your idea and keep the 500% ROI for yourself.

 

[davids355]

Hit the nail on the head.
If someone is giving you their money, they are going to want to know where you are and how to find you (IE fixed abode).

Also, be realistic - can you really give people 500xROI? If you really can, any bank in the world will lend you money, and if you could, you wouldn't be here.

I think you need to be realistic - what are the realistic ROI figures, what are the risks etc - be honest with people and they will be much more likely to invest (even if the venture doesn't sound quite as lucrative).

The catch could be so many things:

Starting with the fact that you you are living in your car. That raises serious questions about your credibility. They might wonder how you got there, and probably ask the same question. Maybe they don't like the answer they hear.

If that's not it, then maybe they think you might be stressed since you live in your car. That raises questions about your ability of getting things done. Idea doesn't guarantee success, ability to execute does.

Maybe it's the fact that you are promising 500 times ROI. That's sounds too good to be true. So they probably think you are naive or not mature enough, or maybe you are trying to scam them.

I'd say forget about investors, since you are getting turned down so often. Better start offering services or get a job. Then use your own money to fund your idea and keep the 500% ROI for yourself.

 

[fathobbitsss]

Hey mate,

1. Have a very solid business plan, clearly define the market opportunity, what you're competitive advantage is, and milestones for implementation

2. 500% ROI is not good enough. What is the period for the return? What is the risk? How do you quantify the 500% ROI. You need to build a full blow discounted cash flow, and forward financial statments and a discount rate as a proxy for risk. You need to build in all risk and revenue projection assumptions, and have reasons to back them up.

3. Make an extremely professional powerpoint. Check out a Goldman Sachs presso and copy it. I've worked at an investment bank before and I've been told off for missing a comma in a footnote on an appendix slide =S.

4. Then you're ready to pitch. Go find some entrepreneurs groups or incubators in your local area. In most major cities there are "pitch fests" which are events where lots of entrepreneurs come together and pitch their business plans for funding to VCs. You can find such groups by searching "incubator" or "entrepreneur groups" on google, or call up some VC firms and ask.

5. When your initially talking to VCs. DO NOT ASK FOR MONEY. Ask them for their advice and input, and what they think about your business plan. They will proberbly say to you that you're business plan isn't at the stage where it's investment ready at the moment, and give you some tips to refine it. Take their advice, refine it and go back to them.

6. Another good way to get in with VCs is to find entrepreneurs that have been funded. Email all the successful tech firms in your country that have been funded, and say your an aspiring entrepreneur and you want to buy the CEO lunch in exchange for him/her giving you some advice and mentorship. You'll be surprised at the results, my friend call 10 CEOs of companies worth over 100 mil, and got lunch with 9 of them.

If your in Australia shoot me a PM I can put you in touch with people.

Having said all that, I can say from experience getting funded is not amazing. Having money means you start wasting money, and being less creative with your ideas. Desperation is good, and creates efficiency and innovation out of necessity.

 

[swedishsteel]

Im in my car because my house burnt down 3 years ago and my family abandoned me. Insurance fucked us hard in the ass too. Im 19, pretty pathetic.

I cant get loans because im still paying off student loans and it destroyed my credit.

should have said that stuff in the OP

The thing is, we're a music company. We have great success on our owns but if you know anythign about music success does not mean money. As a 2 person producer/engineer team we have had many placements this year with jive(over$50k worth) the thing is, the dissolved last month so we arent getting jack shit. Sent me off into a massive down spiral of depression. We have had over 15k sales on the streets in miami, nashville in new york during summer through word of mouth and paid off a good amount of debt and got my car repaired. Right now we have songs being played through iheartradio syndicates, you get 8 cents per play.

The thing is we have a viral marketer with great success who just needs cash for materials and he will help us out. When investors find this out they just want him for themselves but hes a closed service and they leave.

 

[dima054]

Some people in EU dream about getting a van and fuckign around

 

[swedishsteel]

what?

 

[johndea]

You don't send like a credible investment.
You have a lot of risk associated with you, because you've had big failures in the past that you haven't protected yourself against.

If I were you, I wouldn't mention these failures or the car to investors.
You also need a good pitch deck. Google pitch deck venture hacks.

Where do you get your ROI figure from? 5000% ROI is WAAY to high.
You need to demonstrate how much traction you have.

PM me for more details or reply on this thread, but only if you're willing to do the research and read the materials I send you.

 

[Junkfood00]

lol at the numbers, if he can troll $500 from $1 then that's 50000% ROI.

 

[swedishsteel]

They're fine with the car thing. The thing about that is it was out of my control. When i was 16 my house burnt down and my family just left me here. So i took their car and had it put in my name. But please send me any info you think will help me. I will appreciate it.

 

[macdonjo3]

You don't send like a credible investment.
You have a lot of risk associated with you, because you've had big failures in the past that you haven't protected yourself against.

If I were you, I wouldn't mention these failures or the car to investors.
You also need a good pitch deck. Google pitch deck venture hacks.

Where do you get your ROI figure from? 5000% ROI is WAAY to high.
You need to demonstrate how much traction you have.

PM me for more details or reply on this thread, but only if you're willing to do the research and read the materials I send you.

Actually, it's a 50,000% ROI. If that's the case, OP, PM me and come get your $1.00 to start. Send the $499 to the same email you got it from, and you can just keep the dollar.

 

[swedishsteel]

You guys have no idea what youd be investing towards. Im not explaining it openly for a dman good reason. Go ahead and have your jokes.

 

[BassTrackerBoats]

I have not been on gobig in a few years but that used to be a very credible place to find investors and if your idea is that good 400.00 is not much to spend at all.

 

[swedishsteel]

I have not been on gobig in a few years but that used to be a very credible place to find investors and if your idea is that good 400.00 is not much to spend at all.

I have spoken with the VP of sales for a while, he was trying to help us out but we just cant come up with the money. He was going to give us the route of business credit. 6-8months and i would have had $30k in credit line.

 

[johndea]

They're fine with the car thing. The thing about that is it was out of my control. When i was 16 my house burnt down and my family just left me here. So i took their car and had it put in my name. But please send me any info you think will help me. I will appreciate it.

Read Venture Hacks on Pitching. They have an ebook on it (Pitching Hacks) and their blog has a lot of good information.

STOP telling people you live in your car. They say they're okay with it, but they're not. They smell blood, they sense that you're weak, and they want to explore you to figure out what they can take from you.

You can only get investment if they want you. You have to be a hot commodity. It's like getting laid.

Desperation will not get you investment.

Don't ask for $400. That seems low and is a red flag.
As for $4000 and have a larger plan, and offer then a larger percent.
Then say: but, if you give us $400, we can do preliminary market tests, like this, and you will get this smaller percentage. That's the bare minimum.

(Honestly though, investors will wonder why you need so little money. I really wouldn't pitch anyone for less than $4K or they will think something's up, and sense your weakness.)

You must have a pitch deck (slide deck). This will help you distill your ideas.

PM me if you want more details in private. Don't promise a 500x ROI. Even a 10x ROI seems suspicious. I can help you figure out your numbers if you like.

 

[swedishsteel]

Read Venture Hacks on Pitching.

STOP telling people you live in your car. They say they're okay with it, but they're not. They smell blood, they sense that you're weak, and they want to explore you to figure out what they can take from you.

You can only get investment if they want you. You have to be a hot commodity. It's like getting laid.

Desperation will not get you investment.

I know exactly what you're saying, im not desperate though. I have been living like this for 3 years and its fine to me. If that makes me weak then damn im the strongest weak person youll ever meet. I mean most of the investors didnt ahve the money in the first place, turns out they were just trying to steal my idea but realizing you cant. You dont have the one thing we have. The music. I still have 2 back up investors, one being a prime minister of a country(im not bragging, im just trying not to come off as desperate) he loves the idea but they are having voting this week and they need to wait.

This post was purely to find every avenue that investors are looking to invest. LIke Gobig netowork, joint venture section etc... this post was not to discuss me specifically. Id rather not because when people hear i live in my car they get the wrong idea. Sorry for being humble

 

[johndea]

I know exactly what you're saying, im not desperate though. I have been living like this for 3 years and its fine to me. If that makes me weak then damn im the strongest weak person youll ever meet. I mean most of the investors didnt ahve the money in the first place, turns out they were just trying to steal my idea but realizing you cant. You dont have the one thing we have. The music. I still have 2 back up investors, one being a prime minister of a country(im not bragging, im just trying not to come off as desperate) he loves the idea but they are having voting this week and they need to wait.

This post was purely to find every avenue that investors are looking to invest. LIke Gobig netowork, joint venture section etc... this post was not to discuss me specifically. Id rather not because when people hear i live in my car they get the wrong idea. Sorry for being humble

Regarding the car thing: Yeah, I understand what you're saying, but you have to understand that investors generally do pattern matching. And if you fall outside their expected pattern of who they invest in, they are much less likely to invest. So play the game, because you want their money. Then when you get their money, multiply it and be yourself and do it your way and make them and yourself happy.

If this prime minister is really interested in investing, ask him to send you a non-binding LOI (letter of intent). Use this LOI to shop the deal and make it hot.

I have another avenue for you to find a lot of investors, but it only makes sense if want to try to do a polished pitch. And they probably want a larger business than yours (someone seeking $100K).

 

[swedishsteel]

Regarding the car thing: Yeah, I understand what you're saying, but you have to understand that investors generally do pattern matching. And if you fall outside their expected pattern of who they invest in, they are much less likely to invest. So play the game, because you want their money. Then when you get their money, multiply it and be yourself and do it your way and make them and yourself happy.

If this prime minister is really interested in investing, ask him to send you a non-binding LOI (letter of intent). Use this LOI to shop the deal and make it hot.

I have another avenue for you to find a lot of investors, but it only makes sense if want to try to do a polished pitch. And they probably want a larger business than yours (someone seeking $100K).

Im limiting it to $3k because the viral guy can pretty mcuh make a person famous for $3k. So 100k would be excessive, we also dont want to give a person 90%of everything. how would we profit? Ive had the money saved up, i just had to spend it all on a massive car repair last month so the saving is starting again. Ill talk to him on the weekend when voting is over. Im personally picky about investors because we want the right investor. Not just someone who can invest but also someone we can benefit business wise to both parties and continue business in the future, you know?

 

[johndea]

Check out the pitch deck described here, it's the perfect way to pitch:
http://venturebeat.com/2011/11/08/dressrush-pitch-deck/

Im limiting it to $3k because the viral guy can pretty mcuh make a person famous for $3k. So 100k would be excessive, we also dont want to give a person 90%of everything. how would we profit? Ive had the money saved up, i just had to spend it all on a massive car repair last month so the saving is starting again.

You should get extra cash (not $100K, but maybe $6K) if the viral guy fails. I'm not saying he will, but there is a 10% chance that he fails. And if he does, then you have no more money. So you want extra runway. Don't make the mistake again of putting yourself in the position of being completely fucked if things don't go according to plan. If you can't do that, you shouldn't be in business.

Im personally picky about investors because we want the right investor. Not just someone who can invest but also someone we can benefit business wise to both parties and continue business in the future, you know?

That would be great, and a lot of investors will promise advice, but even if they can give them a lot of them get really busy. A lot of entrepreneurs don't even get response emails from their investors. Trust me. Assume it's dumb money, because it probably will be.