I NEED ADVICE FROM EVERYONE - HUGE IDEA - SHOULD I SEEK VC FUNDING

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katoved

katoved

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Jul 11, 2006
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Dear WickedFire members, I have come up with an idea today that I am certain will lift me out of the middle class ranks, and firmly implant me into the upper crust of society. Well maybe not that high, but at least into the upper low ten million dollar range.

The idea competes directly with Text-Link-Ads. I won't go into any further more details until a later date. But I assure you, that all WF members will be invited to the Beta release.

My question is for all of you (please give me your opinions):

Should I seek venture capital funding this week. I can hash out a short business plan in one day should I need to. I would like to keep the VC funding in (Chicago, IL) only. I am afraid that if I submit to VC firms out in CA, the idea might get leaked. But if its local, I think I might stand a better chance. So should I seek VC funding this week?
 


Shoe, Im 23 years old; yes of course I do! Well, I cant get any experience till I at least start doing business with some. By the way, can my uncle call you about disability insurance? I thought it might be a good idea for you and your family, because of the industry your in. If you go get injured or disabled, your income will disapear. If you purchase insurance, your family will always be able to enjoy the standard of living they have become accustomed to. Well, thats the way I thouhg. If so, please PM me with your phone number, so my uncle can give you a call. He has been an insurance salesman for over 20 years, he really knows how to adress your needs with the best possible insurance products. As far as VC presentations go, has anyone ever made one? I can be a great presentor and I think that might be one of my biggest things going here. Lol.
 
VCs won't look at you until you have proved your metel by either developing this idea or having a track record.

If you do either of those, then you will come to know them as "Vulture Capitalists"
 
katoved said:
By the way, can my uncle call you about disability insurance? I thought it might be a good idea for you and your family, because of the industry your in. If you go get injured or disabled, your income will disapear. If you purchase insurance, your family will always be able to enjoy the standard of living they have become accustomed to. Well, thats the way I thouhg. If so, please PM me with your phone number, so my uncle can give you a call. He has been an insurance salesman for over 20 years, he really knows how to adress your needs with the best possible insurance products.
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hahahahaha..nice how you worked that in there.
 
If you want VC funding. Make sure you put an "r" at the end. Like "textlinkadswannabeR". Then make a really fancy bullshit description for it, "aggregates links with seamless augmentational metaphysical peer to peer format in real time". Put "beta" at then end of your bright and bubbly logo.

My serious advice is to start the site right away, or do some sort of test trials to prove that the concept can work in volume.
 
Thanks Dru Sam, I want you to know, that when I see that fucking little video game guy, it makes your credibility level go up. He was always a very responsible little fighting super midget, I dont remember his name, but I do remember that he was a moral little fucker.
 
Scrape together the resources to get it working on your own. Once the concept is up and running and you can demonstrate success on some level, then go to VCs to take it to the next level. I have a little experience in this area. If you believe in the idea, use credit cards, borrow money from family members and do whatever it takes to build the first level of the business. Then you might be able to get VCs to bite.
 
To tell you the truth, I think that without VC this idea would never get off the ground. Reason behind it, because it has VC written all over it. The concept is so fresh, and such a buzz word type internet name, the shark biting the rail might make the business that much hotter.

Jack Swift said:
Scrape together the resources to get it working on your own. Once the concept is up and running and you can demonstrate success on some level, then go to VCs to take it to the next level. I have a little experience in this area. If you believe in the idea, use credit cards, borrow money from family members and do whatever it takes to build the first level of the business. Then you might be able to get VCs to bite.
Click to expand...
 
katoved said:
Thanks Dru Sam, I want you to know, that when I see that fucking little video game guy, it makes your credibility level go up. He was always a very responsible little fighting super midget, I dont remember his name, but I do remember that he was a moral little fucker.
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hahahahahah :bowdown: that has to be my favorite quote this week.

his name is Mega Man
 
I fucking love responding to my own posts as many of you know. This is whats going to make this idea rock!

My showmanship skills in the office may really sell this thing. Im going to go in dressed like a new age Web 2.0 internet guru punk, it will go over huge in the office. Im going to be rich.

katoved said:
To tell you the truth, I think that without VC this idea would never get off the ground. Reason behind it, because it has VC written all over it. The concept is so fresh, and such a buzz word type internet name, the shark biting the rail might make the business that much hotter.
Click to expand...
 
This is how things will work out. I will post regularly this week and let you know how the first meeting goes. I may even tape record it. I may even create a blog about it! This idea keeps getting better! Web20Blog.com

Hahahaha!!

Anyways, why wouldnt some VC who knows shit about internet start-ups. Just give me 100K to fucking start her up. I would give up 30% equity just for that.


DruSam said:
hahahahahah :bowdown:

his name is Mega Man
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That was good shit huh, a fuckin truism. Thats brand marketing for yah. Pervaded my subconscience from early adolescence.
 
katoved said:
Dear WickedFire members, I have come up with an idea today that I am certain will lift me out of the middle class ranks, and firmly implant me into the upper crust of society. Well maybe not that high, but at least into the upper low ten million dollar range.

The idea competes directly with Text-Link-Ads. I won't go into any further more details until a later date. But I assure you, that all WF members will be invited to the Beta release.

My question is for all of you (please give me your opinions):

Should I seek venture capital funding this week. I can hash out a short business plan in one day should I need to. I would like to keep the VC funding in (Chicago, IL) only. I am afraid that if I submit to VC firms out in CA, the idea might get leaked. But if its local, I think I might stand a better chance. So should I seek VC funding this week?
Click to expand...

From this, you odviously showed your lack of knowledge as an entrepreneur. VC is not for ideas. What you need is an Angel Investor...IM me, Ill help you out.
 
I'm pretty sure Fred from A VC has made a few posts for people looking for venture capital; go to this site and read through his posts for the last 4-5 months, should be some good info in there

http://avc.blogs.com/a_vc/
 
Find Meebo and read their blog about how they obtained funding, it's very informative.

Also find the blog of Guy Kawasaki, he's a VC so his advice will be imperative for you.
 
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