|
Thought of a bank loan?
Is it adult or mainstream?
Many investors are just that. Investors. They don't want anything to do with your company other than to make money off of it. We aren't talking Bain Capital taking over a sinking ship and making it float again. In that case they do want control. We are talking about giving you $400K to expand an already working platform in exchange for a piece of the company. Set your evaluation of the company realistically and they will talk to you. Tell them that $400K is worth is worth 5% stake in an 8,000,000 dollar company and they are going to laugh you out of this office. Mainly because if that is what you are valuating the company at, why not get a bank loan?
|