Why would i lie about needing 50k? You cant possibly know my situation.
I have no doubt about your "need" for the money, there are a thousand people out there who honestly and genuinely believe in their heart of hearts that it is a small investment or seed money that is keeping them from launching a business that would within days explode and bring them unfathomable riches.
My brother is one such person -- and he
did get his funding! Over, and over, and over again - he has had 4 different fail-proof business ideas. They didn't sound bad, honestly! He is also clearly has a high IQ and honestly is more articulate/a better writer than you (he has an uncanny ability to approach a complete stranger and get them to take him very seriously at the onset, regardless of the fact that he was 18 years old and quite short, he has the sociopath charm). He applied for credit cards in my mother's name, intercepted them from the mail, and maxed them out over and over. $10,000 at a time. He told my parents he wanted to go to college, cancelled all his classes in the first week and requested a refund check for the tuition be issued in his name (USA privacy laws - it is illegal for the university to inform my parents that he did this). He did this over and over again!
My mother would find out months later about the credit cards when she'd get a phone call demanding payment. He rented an office that was "crucial to the success of his business". He spent $3,000 on a billboard. He had over 1 year in that office - he was sleeping on the floor there... he never felt guilty, because he was always confident that he was just so many days from being able to pay back every penny to my mother.
He never earned a single penny. It is 5 years on, my parents continue to allow him to get away with it, telling him next time they'll press charges and he'll go to jail, always next time, and nothing has changed, he's still in lala land. I believe he may very well be one of the greatest wantrepreneurs the world has ever seen.
This lead me to my view. If you "need" money to start a business that "can't fail", you are way the F*ck ahead of yourself. You mention history? Well, of course someone has been just a wee little "fifty-THOUSAND dollars" investment away from making it big on their first try. The problem is those are lottery-like odds, and everyone is always smug enough to think they are
the one™, the exception to the rule.
I do not want to be argumentative or flame here, sorry if personal family experience makes me emotional. Suggestion is just: instead of trying to prove us all wrong by making millions with the big idea, why not find a bite-sized business idea of the size you can handle at this point in time, given your lack of capital, and make yourself some extra spending money to start. Prove yourself to yourself, then step on up.