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Huh? If you have a product that works, is growing, and revenue coming in, you don't need a VC, you need a normal business loan from a bank. If you actually have
by hk 18y ago
Huh? If you have a product that works, is growing, and revenue coming in, you don't need a VC, you need a normal business loan from a bank. If you actually have money coming in and a business plan that's demonstrably working, but just need money to expand (that's the word regular businesses use to mean "scale"), then you need to 1. get an accountant to write it up in the correct manner and 2. make an appointment with the business section of a good bank.
You still might have trouble with that right now, it's really not a good time for any kind of loans, and you can forget these multi-million dollar speculative paydays with little obligation or timeline, but if you have a proper business then you have proper business options and hopefully don't have to sell your businesses' soul to get the cash you need to grow.
- racyrick 18y agoWow, incredible words of wisdom. I am myself at a startup (http://racy.com http://racy.com) and we had a little funding, but are bootstrapping and trying to make sales to cover our costs. We are only 1 year through and are very very close to breaking even.