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Poll! What's the best way to raise capital?

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What's the best way to raise capital?
Your money/savings
22%
 22% [ 2 ]
Parents/Relatives/Friends
22%
 22% [ 2 ]
Bank/Loan
0%
 0% [ 0 ]
Angel Investor (small timers with enough cash)
11%
 11% [ 1 ]
Venture Capitalist (loaded big timers)
0%
 0% [ 0 ]
Pool funds with biz partners
33%
 33% [ 3 ]
Sell bonds
0%
 0% [ 0 ]
Sell Product first, pay later on credit
11%
 11% [ 1 ]
Others (please sepcify below)
0%
 0% [ 0 ]
Total Votes : 9
 

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PostSubject: Poll! What's the best way to raise capital?   Tue Aug 18, 2009 9:38 pm

No such thing as a start-up with too much money?

You definitely need money to start up no matter whether you get the money from yourself, your parents, or the bank.

But what's the best way of raising capital? Please pick and option above and elaborate.

Multiple choice is allowed.
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PostSubject: Re: Poll! What's the best way to raise capital?   Tue Aug 18, 2009 10:54 pm

I think it's best to stick to use more 'secure' funds like your own money, parents, and investors you know.

Otherwise, you'll have creditors coming after you (and maybe paint your door!)

Only maybe when partnering with an experienced business person should you go and get loans from banks and big time investors.
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PostSubject: Re: Poll! What's the best way to raise capital?   Wed Aug 19, 2009 12:12 am

It is the responsibility of business partners to share the load of financing a business.

Firstly, raise funds from within your business partners. If business partners capacity is limited, move on to bank loan options. If bank options fail, look for angel investors with the support from your existing partners.

Don't mix personal with business. Avoid loan from relative or friends as they will shun you one day if your business fail. If you do loan from them, offer higher interest than banks.
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PostSubject: Re: Poll! What's the best way to raise capital?   Wed Aug 19, 2009 10:32 pm

amcpl1 wrote:
If you do loan from them, offer higher interest than banks.

And make sure it is repayable. lol.
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PostSubject: Re: Poll! What's the best way to raise capital?   Wed Aug 19, 2009 10:54 pm

What happens if the start-up partners can't raise enough funds, and also can't qualify for a bank loan?

What will they do?
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PostSubject: Re: Poll! What's the best way to raise capital?   Wed Aug 19, 2009 11:22 pm

The challenge is to do things with your means. Take a look at the reason of raising funds. If can avoid taking too much risk, go slow... Of course, if genuine problem arise, then it is the entrepreneur's capability to resolve this by any means. Do up a good proposal to open the company investment to potential investors will be the last resort...
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PostSubject: Re: Poll! What's the best way to raise capital?   Thu Aug 20, 2009 3:04 am

One more point.

The success rate of raw/new entrepreneurs like myself is 1 out of 10, or 10%.

The success rate of a previously successful entrepreneur is 9 out of 10, or 90%.

Thus, if you have been successful before, it would be safer to move to riskier forms of raising capital.
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PostSubject: Re: Poll! What's the best way to raise capital?   Thu Aug 20, 2009 9:20 pm

You are right to say that once you have ran quarter marathon, you can start aiming for half. Statistics are good to know. But it is important to focus and avoid being in the negative statistic. With the right attitude and discipline, I personally do not belief in failure. Just be humble enough not to take too high a risk that you cannot swallow.
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PostSubject: Re: Poll! What's the best way to raise capital?   Sun Aug 30, 2009 10:45 pm

For myself, I won't get from family, relatives or friends..
It is the same reasons as stated by amcpl1, unless they want to start the business together as partners..

I will most likely work around it & if there are limited funds & resources (somehow it works if you are creative & open to options to spot other avenues of opportunities)..

Or I will tap on the resources of some of the business associates (including Angels & VCs if possible) I know of, offering them something of similar value in return..

Or check out the various government/organisations grants available..

Or the different combinations of the above 3..
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