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Do you have investors interested in your project? Be sure to pick the right one.

  • TommyCarey Level X3
    • 7

    Write the reason you're deleting this FAQ

    Do you have investors interested in your project? Be sure to pick the right one.

    We've all been in the position where we want to get funding for a big idea of ours because the amount of money needed to start up and run the website or business has always been out of our reach. Bringing in a private investor to fund the project will make it a lot easier to get going, but could give you a lot of headaches in the long run. Be sure to pick the right investor for you next project!

    I've been talking with a few investors and have wittled the list down to 3 who are interested. Now I'm not talking to huge corporations who want to invest millions on my project. I'm only looking for $10,000 or less so the investor pool is pretty expansive for the amount I need lol.

    Anyway, I have it down to 3 different people and I'm fighting myself on which one to pick because they've all passed my initial questions and all of them seem perfect for what I need. After all, it's not just money I'm brining into my new website, they'll be with me as well.


    Here are the things you should go over before choosing the perfect investor for your next project.

    1. Pick the investor you can trust - The investor you can talk to like you've known for a while is more likely to be the better candidate to invest in your project because they'll see this as more of their own business and not just something they're paying for. When times get rough, you'll need an investor that won't run away. As we all know, businesses aren't always profitable within the first few months Do you have investors interested in your project? Be sure to pick the right one.
    2. Pick the investor who fills the gaps - If you're the best at something, like SEO or Online Marketing, and are horrible at web design then you'll want to choose an investor who can bring on a team of designers to build the image in your head. If you already have your website up and running, then you can focus on a different thing you need, but always pick one that can fix your current problems.
    3. Pick the honest investor - You don't want your investor to give you the run around. Time is precious, they know this, so pick the investor who gives you straight answers and doesn't try to get you running in circles.
    4. Diversify the Investor list - If you're going to pick a few investors, you'll want to pick the ones who will compliment each other even if they never talk. You don't want 3 investors who are all good at getting websites some traffic. You'll only need one of those and the other 2 can bring in their skills to work in a different sector of your business to build it for success.
    5. Pick the investors who are truly interested in your project - By picking the investor who sees your project as interesting and not just a dollar sign will go a long way. That's because they want to help you build and succeed and don't just want to write you a check. Just remember that 99.9% of great businesses were not built by one person with a great idea, it takes a team Do you have investors interested in your project? Be sure to pick the right one.



    Well, if anyone has anything to add please comment below Do you have investors interested in your project? Be sure to pick the right one.



    If you want to follow my profile for more great tips on websites, optimization, sales, and basically anything to do with websites and money, please follow my profile Do you have investors interested in your project? Be sure to pick the right one.

    Click here: https://www.seoclerks.com/user/Razzy
    Scroll down to "Follow Razzy"
    Click "Follow Razzy"
    And that's it! Do you have investors interested in your project? Be sure to pick the right one.


    Thanks!


    Razzy

    #Venturecapital #Privateinvesto #Investors Tips & Tricks
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    EliteWriter

    EliteWriter

    Honesty and trustworthiness are very important of course. I loved the point where you said to consider choosing an investor that can fill in the gaps as in such a way you would be benefiting in a dual way. I also suggest that you check how enthusiastic that potential investor is. Generally people tend to focus solely on the financial aspect of a project, which is of course very important. However if you are going to have the investor be a partner as well, it is important that he or she is motivated and enthusiastic about it too.
    10 years ago

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    Lynne

    Lynne

    Yes I like what you have said here EliteWriter.

    I completely agree that if the investor has passion for the project it will make a huge difference.
    10 years ago

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    Cristian

    Cristian

    Hey Razzy, great subject! Let us know who of these three investors are you going to choose and why? I'm really curious to understand what were your main reasons behind rejecting the other two.

    Anyway, nice list, but what about meeting them in person? I personally really want to meet the person I'm "getting in bed" with before we actually get down to business.
    10 years ago

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    TommyCarey

    TommyCarey

    Well I personally know one of them and another is a friend of a friend so I know one and kind of know another. The third is the odd man out because I've never met him and I don't have any ties to him other than I reached out and asked if he'd be interested in investing in my idea Do you have investors interested in your project? Be sure to pick the right one.

    I might not just take one, I could take all 3 on so that we can start up with a bigger amount of cash and get going quicker. Obviously I'll have to give away more of the company, but it could be worth it if each investor brings in his skills as well as their teams. Right now I'm just trying to figure out which configuration would be best. Having 2 investors on that have the same skill set is just overkill and I'll lose some money since each will get a portion of the overall shares. Bringing on just one of the two who have the same skill set and the other guy who has a different skill set might be best since I'll only be giving away 2/3rds of the shares.

    I'll definitely be going with my friend because he's ran a successful company for the last 5 to 6 years in the credit niche and can get me meetings with bigger fish pretty easily. I'm still evaluating the other 2 to figure out if I need them, and if I do, what can they exactly bring to the table.
    10 years ago

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    Cristian

    Cristian

    Cool, seems like you already have things figured out, hope you'll be successful with this new business your trying to put together!
    10 years ago

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    Lynne

    Lynne

    Hi Razzy, this is a great discussion and certainly a huge step to take that will always pose some risks. I am about to contact someone I know that might be interested in joining me on a business venture, I am hoping he will be interested because I am about to start off a business that I need him for, otherwise I will actually be stepping on his toes. Hopefully we can work together on this.

    The points you have brought up here are really important to look at, I think you have really summed it up here. My advice is that if you have narrowed it down to 3 people and you cant decide which one based on facts and figures then I would go with your gut feeling Do you have investors interested in your project? Be sure to pick the right one.
    10 years ago

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    vinaya

    vinaya

    There are great tips. I have a brick and mortar business as well as online business. My online business is one man show, therefore, I have issues with funding. I cannot spend my entire money on this business, I cannot take chances. That's why I am looking for investors. If I cannot find investors, I will have to sell my business even for a small amount to recover my investment, if not profits. I don't have any problems with screening the investors, I have problems with finding investors.
    8 years ago

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