How can I get a 60k loan?

[p_rogers724]

My team and I are starting a retail web-site. We are going to need at least 50k to get the web-site launched and running. We've gotten in touch with a few investors but the most we've gotten offered was 35k ( and they would have to own 50% of our company.) DOES ANYONE HAVE ANY ADVICE?

[BusinessAdviser]

Do you have a business plan?

[akula]

My team and I are starting a retail web-site. We are going to need at least 50k to get the web-site launched and running. We've gotten in touch with a few investors but the most we've gotten offered was 35k ( and they would have to own 50% of our company.) DOES ANYONE HAVE ANY ADVICE?

hahha sounds familiar
sure...to close the loan, change the underlying asset
rather than doing a greenfields, focus on doing an acquisition
if you're shopping to buy out an established established competitor, it'll be easier to raise money because your techdev and marketing risks will be lower

[EthanK]

hahha sounds familiar
sure...to close the loan, change the underlying asset
rather than doing a greenfields, focus on doing an acquisition
if you're shopping to buy out an established established competitor, it'll be easier to raise money because your techdev and marketing risks will be lower

BINGO..listen to this man, buy the competition, improve, improve, and improve and then dominate the market...

[Woodcs82]

Akula,

Your right on with the acquisitions! I have seen extremely small companies acquire other companies and have tremendous growth in the industry. This is all done of course with the proper management in place.

-Colin

[akula]

yah...I'm not sure if I've seen the stats on this, but acquisitions rather than greenfields seems to be the more sucessful market entry strategy for nascent firms in general...anecdotally, i'd say that entrepreneurs who enter markets through acquisitions are (on average) more sucessful than greenfields entrepreneurs over the long term

with technology companies, however, unless you're microsoft, you're probably gonna be developing all your own tech...and that proves the point aswell, I guess...

all of MSFT's core retail products (dos, windows, office, IE) as the result of MSFT acquisitions. MSFT doesn't doesn't develop it's own software because it's cheaper and safer just to buy out competitors...and last time I checked, msft's doing pretty nicely with this strategy

smaller tech firms do the opposite..they develop software hoping to get bought by joints like msft, yahoo, goog, sun, amz etc and we all know where there firms usually end up...about 50-60 get bought (per year), and the remaining 5-10,000 are out of business