Be Invested and Invest

Author: Jimmy

27 Jul

Now you have got a great idea and start a business that is somewhat proved prosperous but you have had no funding yet, what can you do?

Surely, you can find funding around friends, relatives or to write e-mails to angle investors/venture capitalists you know they may be interested in. The common scenario then is your friends don’t share the same vision with you; investors never answer your e-mails or politely refuse in automatic replies. But you still think it’s a good biz and there are (smart) people who can see its potential, why don’t you post your business plan to Go Big Network (GBN) — the biggest community of startup investors out there — for funding?

You can join GBN as a startup, investor, job seeker or an advisor (hmm, though you can be both startup and investor at the same time I think it’s a rare case) and you’ll have to provide appropriate information about your business, your fund, or your expertise accordantly on registration.

As you may know, the typical angel investor often narrow himself in investing around $100k while Venture Capital usually looks to invest in the millions. With more than 4000 investors in the network, the opportunity for you to find good funding would be much better than just waiting for it or writing a few e-mails to known VCs, especially when looking for angle investors who may not have official funds.

So, has anyone had success with Go Big Network? Frankly, I don’t know any directly but here is a case reported by VentureBeat:

…Danielle Spandau, Executive Producer of Multi-Media Marketing and Production, Inc received over 25 contacts from investors and capital investment groups within the first month of posting her need for funding on the Go BIG Network. She was able to secure funding for her ESPN2 TV Series. In addition, she was able to find an executive producer and partner to take her independent television shows and production company international…

On the other hand, if you have a fund and are looking for startups to invest in, it’s very helpful to have a look on “Funding Requests” list. I find that the majority of businesses listed are not internet startups as I thought initially but from various fields like restaurant, real-estate, prepaid credit card etc. OK, just locate the niche you want to invest in to start; variety is good, I suppose.

Recommended Reading: This site recommends Website Magazine for 'Net Success

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