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Funding : TYhe main concern for every startup

Discussion in 'BlackHat Lounge' started by webso, Feb 4, 2014.

  1. webso

    webso BANNED BANNED

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    Hello guys,
    Funding : The main question for any startup business , did you guys ever found any solution for this ? There are a lot of internet marketeers who due to no funds didn't able to start their journey or fail in early stages.

    Where to arrange the funds for startup business ?

    Sorry but no angel investors in the last 5 years either from any website funds or going to fund for your business plan.
    Asking for funding is banned now a days in forums - due to the bs.
    JV funding is too hard now a days due to trust issues.

    So what ? Even if you have business plan , it will be of no use , coz , investors spend money in already running business than a startup.

    Have anybody found the permanent solutions for it ? Banks ? Hell no the documents they ask is too much ITR/Statements of last three years and ID cards , even you can submit identification related documents , its too much to submit income tax documents and statements if you have no income.
     
  2. boomboomer

    boomboomer Executive VIP

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    This is simply not true. Internet marketing is one of those businesses where you can get started with no initial capital as long as you have a computer and an internet connection.

    There are so many ways that people can make the initial $100, $1000, $10,000 that they'd need to 'fund' their early stages. These ways may not be related to the marketer's main business plan but they can be used to bootstrap a venture if there are no other funding sources.

    Moreover, I personally don't think internet marketing is the sort of thing that an angel investor or an early stage VC would even consider because there aren't any real cash flow problems that can't be solved through different arrangements.
     
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    Last edited: Feb 4, 2014
  3. Chris22

    Chris22 Regular Member

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    Build the marketing into the product and you won't need any funding to be successful.
     
  4. netmoney1

    netmoney1 Executive VIP

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    AMEN!

    Op, it is one of those cases of "if you want it bad enough you will make it happen"

    No bank or VC is going to lend on anything related to IM - the only work around is using unsecured credit - like a credit card - but even then I would suggest not doing that. Starting out you will make mistakes. Lots of them.

    You have to also crawl before you walk. Find a steady flow of money and try different things.

    IM is no different than offline ventures. If you want it bad enough you will find a way. if it was that easy and didn't take extreme dedication and creative thinking then there would be nobody to pour your drink behind the bar or wait on your when you go out to dinner.

    We all have the same opportunity. We are all born with "it" but only a select few have what it takes mentally to kick down walls and make shit happen.

    Stay strong mentally.
     
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  5. webso

    webso BANNED BANNED

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    Thanks boomboom and netmoney , I don't mean "funding" for basic IM , but for some big projects or service or products launch.
     
  6. boomboomer

    boomboomer Executive VIP

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    Look at it from an investor's perspective:

    1. Do you have any track record with this kind of a business? If yes, you probably already have the money to get started with this. If you don't have the money from your earlier activities, there's a big question mark on your ability to execute.

    2. If you don't have a track record, do you at least have a working model/prototype? If you do, do you have any early adopters of your product/service who love your offering?

    3. Do you have at least five (or some other number) customers who are willing to pay for your product/service.

    When it comes to startups, investors rarely invest in ideas. They invest in people - people who they are confident can execute the idea.

    However big the project/service/product is, it can always start small. Build a prototype, sell it to a few people and then go looking for an investor. If you do this, you could also tap into crowd-funding sites which help you raise small amounts of money from people who think your project will do well.
     
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