4 ms·
Two thoughts: When seeking investment, it's usually a bit of a red flag when someone asks for a range, especially one that's relatively wide. In this case, th
by __d 4y ago
Two thoughts:
When seeking investment, it's usually a bit of a red flag when someone asks for a range, especially one that's relatively wide. In this case, the absolute numbers are very small, but asking for $X or two times that, sounds like you don't really know how much you need. That suggests your business plan is very fuzzy, hence the red flag. If the range is because there's a couple of options for how to do it, it's usually good to just pick the best one, and present that.
Second thought: for $15k, that's pretty squarely in the range possible with a credit card, assuming you're decently employed. It's a horrible interest rate, but if your expected return is high (per your answer to another question), you can cover it, and that way you don't miss the opportunity. You can then seek a partner, small business loan, government grant, angel investor, friends-and-family investor(s), or some combination of these, once you've proven the ability to generate a profit.
Best of luck!