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How do I find a investor that will invest a million dollars? |
I have a great idea that I know will work. What would the return for the investors have to be for them to be interested To the person who replied before this: why would having a great idea mean that you also have the capital required to launch that idea? People get investors all the time. Great! Then you'll have no trouble using your own resources instead of someone else's. Right? On top of a business plan, make sure you have good, realistic forecasts for your financials. Investors are particularly keen about the cashflow forecast because it determines how fast they'll be able to get a return on their investment. Also, don't fabricate the numbers of your forecasts. One thing you could do is go to the Small Business Administration website. There you can find their list of SBIC, Small Business Investment Companies, for your part of the country (assuming you are in the US, otherwise, sorry, I haven't a clue). Make contacts with one of them, make your pitch, ask for feedback if they say no, refine your program and presentation, then contact another. Another option, not necessarily excluding the other but possibly something to do while preparing your business plan and presentation, is the group SCORE, which the SBA sponsors. They are retired businessmen who can be consulted for advice. Good luck. Have you ever started a $100,000.00 USD company? You need to have a little clearer idea of what you expect to do with the money, e.g. start a company, license the idea, prototype it, etc. A good book for startups is "The Art of the Start" by Guy Kawasaki. |
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