How to Raise Funds for a Business Idea and Other Concerns

[Zedd9165]

Hey Everyone,

All these years I had been searching for an oppurtunity where I can step up and say Yeah I have identified this problem and Here is my solution to it. So finally after all these years I guess I have couple of Ideas that are inte linked to each other like a chain. However, lets just talk about a single product or a business that I would like to launch.
Below are few of my concerns.
1. Im planning to approach potential investors with a Business Prototype but it requires both mechanical and electrical knowledge and learning this could be time consuming and others might capture the oppurtunity to enter the market.
2. Even if I find a potential investor and provide them with my plan there are high chances of them copying it and setting up a team which can pull off this project in couple of months while I sit back and learn how to do the technical stuff. So how can I avoid thiskind of things from happening. Since entring the market before anyone else will give an added advantage.

Any guidance on above concerns will be highly appreciated.

 

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[100k]

Put together what Dan Pena calls a "Dream Team".... they should be the ones with the experience you're lacking.

View: https://www.youtube.com/watch?v=0yyJc7WA95Q

 

[Zedd9165]

Put together what Dan Pena calls a "Dream Team".... they should be the ones with the experience you're lacking.

View: https://www.youtube.com/watch?v=0yyJc7WA95Q

Thank you soo much for the video. I will listen to it.

 

[mauamolat]

Hi, Man. This may help you out for an idea My Profitable Tech Business Idea

 

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[Scot]

2. Even if I find a potential investor and provide them with my plan there are high chances of them copying it and setting up a team which can pull off this project in couple of months while I sit back and learn how to do the technical stuff. So how can I avoid thiskind of things from happening. Since entring the market before anyone else will give an added advantage.

If you’re approaching VC’s or establishes angel investors, this never happens.

Do you think a VC firm could keep shareholder trust if it stole ideas?

See if you can file for a provisional patent. Even if you can’t design the thing, you can still get a patent. Once you have that, you’re safe.

My pitch deck is everywhere on the Internet. I’m not worried about people stealing my idea. I’m more worried about running out of money and going bankrupt.

 

[Zedd9165]

If you’re approaching VC’s or establishes angel investors, this never happens.

Do you think a VC firm could keep shareholder trust if it stole ideas?

See if you can file for a provisional patent. Even if you can’t design the thing, you can still get a patent. Once you have that, you’re safe.

My pitch deck is everywhere on the Internet. I’m not worried about people stealing my idea. I’m more worried about running out of money and going bankrupt.

What you said sounds good to me. Further, have you ever convinced someone to fund your project? How did it go? What were their concerns?

 

[Scot]

What you said sounds good to me. Further, have you ever convinced someone to fund your project? How did it go? What were their concerns?

I’ve been actively fundraising for the past year. And have had many pitches. Because my product is food related, not tech or anything patentable, it’s a much harder sell to investors.

My company is also post revenue, not pre, like I’m assuming yours is, so again, different rules.

But the most common objections are

• Unsure about the size of current market and how big the market can grow (we’re essentially building a brand new market segment)
• Revenues not high enough (typically in food, investors want to see $1M+ revenue
• Dont have a full team built out

 

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