The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

OPM or funding

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Shirkahn

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Oct 6, 2018
50
49
116
Connecticut
In all my previous business I invested in my own basic infrastructure and then used OPM (other peoples money) to run the business and build it. When I refer to OPM, I mean customers not investors. Most of the products I have offered required a 50% deposit, 40% payment prior to delivery and then 10% 10 days post deliver.

This all worked great but required very strict cash management as it could also get you into trouble down the line if business slows.

It now I want to take it to another level with a new idea that will require a lot more up front investment than previously and will require Cashflow to get the ball rolling.

I am not at all familiar with angel investors, venture capitalist or any other form of investors that are outside of the banking environment.

What would these type of investor be looking for? And I am talking over an above the usual business plan, pitch, entrepreneurial persona, etc.

What are they really looking for?

Follow on, how does one find these people?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

ShamanKing

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 30, 2018
365
481
235
California
In all my previous business I invested in my own basic infrastructure and then used OPM (other peoples money) to run the business and build it. When I refer to OPM, I mean customers not investors. Most of the products I have offered required a 50% deposit, 40% payment prior to delivery and then 10% 10 days post deliver.

This all worked great but required very strict cash management as it could also get you into trouble down the line if business slows.

It now I want to take it to another level with a new idea that will require a lot more up front investment than previously and will require Cashflow to get the ball rolling.

I am not at all familiar with angel investors, venture capitalist or any other form of investors that are outside of the banking environment.

What would these type of investor be looking for? And I am talking over an above the usual business plan, pitch, entrepreneurial persona, etc.

What are they really looking for?

Follow on, how does one find these people?

I think a good place to start is to ask yourself the same question. If someone approach you with an idea and their goal is for you to invest, what would you want out of it. If you gave someone your money, what value would you want in return.
 
OP
OP
Shirkahn

Shirkahn

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Oct 6, 2018
50
49
116
Connecticut
I think a good place to start is to ask yourself the same question. If someone approach you with an idea and their goal is for you to invest, what would you want out of it. If you gave someone your money, what value would you want in return.
Very good point and ironically this is what I do and it gives me a simple answer to business that I don’t persue. It’s easy to say no but it’s difficult to say yes.

I look at my idea and as an investor I say hell yes but I am bias. I know the market and I know the potential but the investor won’t. So still the question is what is that one thing that would light that match to start the fire.....
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Got it several weeks ago and have listened to it several times now. I've definitely met both...
  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
For those with the "can web design be Fastlane" question this video by @MJ DeMarco is a great...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom