What happened to common sense?

[freddyentre65]

Can anybody give me anything close to a COMMON SENSE reason why an 'entity' who is in the business of funding promising new business ventures wouldn't AT LEAST make some kind of a half-hearted effort/attempt to check out whether or not a proposed new business venture they were made aware of had any potential merit, ESPECIALLY IN LIGHT OF the following11 positive points/aspects directly related to it??? I know that if I was in that line of work you couldn't offer me a million dollars not to at least check it out--in the end, if those positive aspects didn't 'square-up' with the reality of the venture, I probably wouldn't invest in it, BUT NOTHING would stop me from AT LEAST checking it out--but believe it or not, not one of the 3,000 venture capitalist/angel investors that I have contacted over the last 7 years has taken the little amount of time/effort/money that it would take to even check it out!!!!!




1)The operation from which I originally got the idea of opening a chain of full service convenience stores- which would sell all of it's products/services at discounted prices- operated profitably for 7 years until it was forced to close down due to a bitter divorce between the husband and wife owners.



2)It is extremely 'low-tech'.



3)It is based strictly on proven concepts/premises.



4)It can become profitable in as little as 3 or 4 months.



5)It has universal need/appeal.



6)It is highly scalable.



7)It is relatively inexpensive to finance.



8)With the dismal present economic situation(and no relief in sight)never has the time and opportunity ever been more conducive for a chain of stores like these.



9)Because of it's universal appeal,it will only be necessary to open a handful of these stores in order to get a solid indication of how successful they would be if expanded on a national/global basis.



10)It fills a potential multi-billion dollar a year ignored/unmet 'niche' in it's sector of the marketplace whose basic concept/premise has appearently eluded the best entrepreneurial minds in that sector,as a thorough search of the internet confirms that THERE AREN'T ANY OTHER STORES LIKE IT ON THE FACE OF THE EARTH!!!!!



11)Lastly,these stores are tailor made to utilize the territoral method of franchising,which the early pioneers of franchising utilized so effectively in the early 1950's,that they were able to manage 1500 units with only a handful of executives in the home office!!! The beauty of this method is that the franchisee not only pays a big upfront 'fee' for his exclusive territory(city,county,state or multi-state territories),but he also pays for all the costs to open and operate all of the units in his territory!!!

[BigBrainGlobal-Doug]

Wow this seems pretty unfortunate, but have you asked why you've been dismissed so easily? Perhaps you need to revisit your business plan and go back to some new investors/vc's/banks to get a more promising outlook.

Best of luck to you!

[Overhemd]

Pour yourself a glass of bourbon!! Welcome to the club...

[SmarterGroup]

Hello & welcome to the forum.

Have you developed an elevator pitch? It's a short 30-45 second summary of the business idea & what problem it solves. Personally, I struggled to work out what it is you are proposing from the points listed above.

It is quite possible that your potential investor couldn't be bothered to read all of the above and simply dismissed the idea so they could move onto the next one.

That might not be what you want to hear but sometimes it's better to be blunt than beat around the bush. If you can give a better summary of your concept you might find the same investor (or others) give it more thought.

EDIT: just noticed you said "I probably wouldn't invest in it"

This will make investors run a mile. If you won't invest, why should they?!