I spoke with some guys with deep pockets about a new business idea that i have - i already have a couple of websites and my new idea was an extension to those. However, the new business would have real world people involved and their highly expensive real world possessions!
I'm pretty confident that the idea has potential and believe in my abilities to make it work. The business men who i half-pitched this idea to wanted to invest instantly! They also believe the idea has huge potential and offered me $12,000, six months to get it off the ground and another 6-12 months to breakeven.
They've also offered me a rent-free office! phone line! free broadband! and alll the coffee i can drink! in return for 30% of my business (just the new bit and not the existing sites).
Only this morning i was wondering how to get this new idea working with hardly any cash in my bank! what a turnaround a couple of hours can make?!
my dilemma is: do i accept the offer? the investors have no computer knowledge and wouldn't be able to help. They have, when they set up there own business approached me for advice on allsorts: computers, adertising, financing, marketing, sales, simple business functions, procedures, laws, accounting, taxation and ofcourse, i made their website too. Do i want to go into business with people who will lean on me for everything?...........
........ Except selling - they can sell alright and this has been the missing ingredient for me since.......... well, since! they have plenty of contacts - "viral" word of mouth will definitely help (as it has their existing business)... i think this will be the deciding factor!
I'm considering pitching my idea to a couple of others before i agree anything. I'm happpy with giving them 30%, and $12,000 is more than ample to get it going. Like i say, i'm confident in my abilities, but my previous errors (see my previous thread!) have taught me to be cautious and not jump into such ventures!
writing this post has provided favor in accepting, having considered the venture from another "angle" - maybe it is my time!? i just have to be confident in my ability!
Always helps talking to you!
ok, fire away!!





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success comes from within and if your investor believes that strong in your idea, you have something there. No need to question that. I have had 3 pretty successful online businesses in the past, but sold them all for my latest idea, which i need investors for, if you can help out here that would be cool?

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