Finding investors..
- Thread starter juicebox
- Start date
that sounds dirty, no skittles =P
I was in his shoes 5 years ago - someone invested in me, and it paid off for us both.
P.S. What's your sig about re: game installs? We can drive a lot of game installs.
No, I stand by that. True entrepreneurs, in any industry, don't need outside investment. Some get it, because it helps, but it is definitely not necessary.
how do you "know" you'll be so amazing at it when you have zero experience (you admit you have no money to experiment with)
If you can't make it with ZERO dollars you won't make it with "cash stacks". And what happens when you piss away the investors' cash?
If you have ZERO cash and you want to make it in this biz, then start learning SEO and stop being a lazy cunt. I started out in this business with nothing...NOTHING. I had ZERO dollars, worked at a grocery store 30 hours per week while I went to classes 30 hours per week. Guess what? I learned everything I could about SEO ( and mind you, I'm still learning) while I worked my way through that miserable time in my life. I still haven;t quit my day job yet as a wireless engineer, but I can tell you that through SEO alone, I'm stacking paper higher than skyscrapers.
Stop being lazy and make shit happen.
(That is, if you really want it)
lol this is definitely not true.
Let's say you have a business idea that requires $5 million worth of product. The business idea is brilliant, everything is perfectly drawn out and planned for. The idea needs to be jumped on within the next year before somebody else does it.
You can either try to get $5 million on your own in the next year or you can get an investor to put forth some of that money. If you really think that a true entrepreneur (with a net worth well under $5mil) doesn't need that money then you are mistaken.
Not every business has a low barrier to entry like affiliate marketing does.
I have friends who occasionally will put up money if I have something that is working that I want to scale, but in order to do that I have to a) offer them a nice chunk of the reward and b) show them results that I have had... and not just in general, I give them specifics on what the offer has done and why I need the money to scale, i.e. how much money I can make them.
Short of a very close family member or someone you know really well, I would imagine that it would be difficult to get them to put up money, especially without any kind of proven track record.
My advice would be start small and try to grow your business slowly over time. If you need money after you have proof that you are competent it will be a lot easier to come by.
Short of a very close family member or someone you know really well, I would imagine that it would be difficult to get them to put up money, especially without any kind of proven track record.
My advice would be start small and try to grow your business slowly over time. If you need money after you have proof that you are competent it will be a lot easier to come by.
That's not being an entrepreneur, that's being lucky. An entrepreneur would be able to find other ways to make money to cover it, or would have already made the money.
most idiotic thing i've read in a while. name 5 traditional startups with multi-billion dollar market capitalization that haven't taken outside investment?
here's my 5 that did:
1. google
2. facebook
3. youtube
4. cisco
5. apple
have fun thinking a million dollars is a lot of money and us in the valley will continue loling
I see what you are probably thinking being an entrepreneur and retaining as much control and stock as you can in your company but your statement resembles a mom and pop store mindset.
What's "being lucky"? An entrepreneur starts the business with his own capital, gets it going to a certain point and then makes a plan to expand and take a chunk of the market. After that some sort of investment is needed or your company grows at crawling speed or gets swallowed by someone else who is just as competent and has the money to blow past you. I think you are probably confusing seed investments vs. later stage ones.
Here's an example- Company A doesn't receive investment, the founder maintains 90% stock, grows slowly, and nets 3 mil a year in revenues in a 5 billion dollar market. 90% of 3 million is 2.7 million. Company B gives away some stock to an large investor and founder maintains 51% of company but they blow up and net 50 million and take a good portion of the market. 51% of 50 million is 25.5 mil. Company B continues to expand and slowly puts company A out of business.
No one is trying to jump on you here. I know you're 17 or so and haven't played around much, or haven't succeeded at anything yet. But you deserve to know just how wrong you are.
The side of the industry you're talking about is one of the very few you can get into with limited cash reserves. Many of us started with just a few dollars in the bank. Which is great, but also very fortunate.
Dully put it perfectly, expand your perception from just a few guys going from campaign to campaign to the traffic platforms they utilize, the networks they work with, the offers they promote, etc.
Many people here would do so much better if they got out of the affiliate marketing "bubble" and started to learn and adapt their business, now that they have some money, to the more traditional values that build the vast majority of companies.
Multi billion? You're not giving me much choice there, there's such a low amount of multi-billion dollar companies (and the majority no one's ever heard of, i.e. petrochemicals). I can give you examples of extremely large public companies with 9 figure values (£s) on their heads.
1. Amstrad. (that's a multi-billion one)
2. La Senza group (Rymans & partners as well, all were owned by the same guy at one point, Theo Paphitis)
3. Molson Coors
4. Nordstrom
5. Wrigley
6. Oracle
In fact, those are 6, and they're all multi-billion dollar businesses, excluding La Senza. There's also Sheldon Adelson (creator of Las Vegas Sands) and John Paul DeJoria (creator of John Paul Mitchell systems).
Yeah, you're right, I'm mostly talking about seed investments. Almost every business is going to come on hard times at some point, and then the only way out might be a loan. But people in general in this thread seem to be talking about jumping in early on that, not as a light prop in hard times, but a full support, in early stages, where without it, the business will come crashing. I agree with you, at that stage, I would still call someone an entrepreneur, happily; but most people here seem to be talking about very early on, when it shouldn't be an issue if your business is good, and you're determined.
No problems, and dw, ignore my age, I'm not bothered
I'm not saying you can start a b&m business with $5 in your pocket. But perhaps even if you could, it wouldn't be a good idea. The lack of experience you're likely to have, along with the fact you're relying on an external source, are both major reasons why so many new businesses fail. Simply put, if you can't make money with $0 in your pocket, why should you be able to with $50000 (of someone else's money).
I'm not saying that everyone who starts a business off the back of the loan isn't an entrepreneur - far from it. But there are plenty more people who succeed off their own backs than off a bank's. Also, compare the two lists, mine and dullspace's. Majority of mine have expanded heavily into different markets, something that I personally see as a major characteristic of an entrepreneur - to make it not just in one market, but to prove you can do it again, and stay well in profit. Dullspace's on the other hand - all of those are still in their respective markets, excluding Google & Cisco, although they're still in the technology market, so they still haven't approached other markets too much.
Generally entrepreneurs will be determined enough to get the funds themselves, whereas it's more the 1-hit-wonders who rely on external funding. (although there are, of course, entrepreneurs who rely on external funding at the start, although, IMO, a lot of the people referenced as entrepreneurs are mislabelled.
