Heellppp!

[Tom Milan]

Hi Fellow YEs!

I have begun the exciting journey of creating a unique innovation and am in the last steps before the product goes into production, marketing and PR plans go ahead, Legal work gets done, and general monetary aspects are looked upon.

The question I have to all of you is, where is the best avenue to raise capital ?

Angel investors, general bank loan, biz bank loan, government small biz grants, own capital...etc

So many options..whats been successful for you?

I need a sum of between $50-100k, and live in Australia, if that helps..

Would love to hear your feedback.

Cheers, Tom.

[element94]

Do you have access to gov. grants there ? That would be the safest .Work with the states money.

[Noye]

Try a government grant first. I did this helping my dad patent an invention, it took a huge cost and made it manageable. If that fails see if there's a startup venture capital firm you can go through, and finally look for savvy angel investor if the others are a bust. The last option should always be a bank!!!! It only increases your overhead and adds undue stress with payments. I owned an internet business when I was 18 and I went through a bank... had I went with a grant/angel investor I would have been profitable instead I was forced to cut my losses shortly after the first year. That being said I'd really try every avenue before a bank.