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You have a fantastic idea and did everything in your power to put together a awesome business plan that just doesn’t seem to get much attention from investors. What do you do now? Here’s a few suggestions by Entrepreneur.com.
- Ultra Light Startups caters to “bootstrapping” entrepreneurs, says founder Graham Lawlor, who started Ultra Light by gathering a group of friends and fellow entrepreneurs in New York last year to brainstorm some business ideas. The informal gatherings morphed into monthly meetings in locations around the country that include pitch sessions and panel discussions on topics of interest to new business owners.
- The Funded is an online networking group for startups seeking venture capital, following the same entrepreneurs-helping-entrepreneurs model as Ultra Light, with a focus on sharing information about investors. Founder Adeo Ressi says the free networking site lets its more than 12,000 members dish about specific investors anonymously. Resso adds that a thorough application process ensures members are actually business owners.
- Venture Architects, a business plan development firm, has helped hundreds of companies obtain more than $500 million in investment capital since 1998. But when entrepreneurs call Venture Architects looking for startup dollars, managing director Melissa Krinzman advises them to get back to basics first. In a world of get-rich-quick schemes Krinzman advocates slowing down and backing up.
- North Venture Partners, “Venture capital is a secretive and unfamiliar realm to most entrepreneurs, and we wanted to give people a clear idea of how investors see their business compared to other businesses seeking the same funding,” managing partner Alex Bernstein says.
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