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Tuesday, February 8, 2011

Funding

Funding a company is probably one of the hardest, if not the hardest part when you want to start you company. Unfortunately, not everyone (I would say 99.9%) of the people are not born with a few millions dollars in their bank account. Therefore, in order to start a company most likely you will have to ask around for money. In class we have learned the different processes of funding your company. Starting from friends and family, to angel investors, to venture capitalist and if your company is successful going public with an IPO. As how I'm going to fund my company, luckily for me I have a few friends how have money. So I have invited a friend to be a business partner and I presented him my business plan. He was very interested and decided to join to create the company. With his money, we will have enough funding to have everything that we need to get the business started. We know that with the money we have, it is not going to be enough if we want to be as successful and big as we want to. That is why as of now, we are looking to attract an angel investor. With that money we are planning to use a considerable amount for a big marketing campaign. The more people know about our website and the more users subscribe to the website, it is only going to help us be successful.

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