How to sell an idea?

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crunchi

crunchi

pr0n master
Jun 28, 2006
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www.crunchi.net
Hey, i have a great, idea, a really premium domain for that with 2 keywords in it.. Idea could generate a lot of money and it can be something really big..

What do you guys think where could i sell that idea?

What if I take this project on the next step, get programming done and then get the Venture capital then. Will this VC then come to me?

Take care
 


Ideas are a dime a dozen broheem. You're much better off putting your own time and effort into this, because a domain with an idea attached to it ain't worth much (unless it's a common 2 word phrase)
 
I have few other better ideas too, so that's the reason I don't wanna put my time into this. So you're saying I should develop it and then found Venture investor? Will his money then get to me or to the idea for marketing and that?

later
 
If your goal is serious investment then you're going to have to put time into it. No one with legitimate money is going to invest in an idea with no work behind it and no business plan. A good business plan should take 60-100 hours to write. Developing an idea and showing it can work on a small scale is the very least you have to do to find someone willing to give you money,.
 
Am, Business plan is not a problem to me, I have a whole idea in my head and it wouldn't be a problem to put that into few dozen's of pages. I could get a programmer, make this project / site working, then I would like to sell that or accept venture capital, but I wouldn't like to be part of this project(% from sales) in the future. So what would fit me is to get someone to buy 100% of company, then he should pay me for buy-out in form of paycheck for few months of leading this project. I don't know, what do you guys suggest?
 
I suggest proof of concept before going after any VC. Get the project finished and get some revenue in the door. This will give you much more to negotiate with and will help you reinforce any valuation number you are throwing out.

Although if your plans are to sell in a few months, I don't see what the point of VC is.

What are you looking to get out of the financing exactly?
 
If you like it you have to do it. And at least through a few rounds of VC funding. And taking money instead of shares in the company is the first sign you dont believe in it. There are some great podcasts and websites on VC funding. I cant remember where but I listened to one podcast about a guy who has done a ton of deals. He gets like 60 proposals a day, listens to 6, and picks a few a week. You have to run with it as far as you can. Try to monetize it early so you can keep hiring programmers and PR people.
 
What are you looking to get out of the financing exactly
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I want to get the money for my other projects.. I am not interested in this project, but it's a good idea and it could earn a lot so I don't wanna waste it..

I was thinking VC because they would give me money then for marketing and that stuff and they would give me job of managing this projects, pr, programmings, sales and after few months I would back out..

It's still easier for me to sell the company, give the buyer business and marketing plan and he can hire a professional marketing firm to get him sales.. Because he would hardly need programmers.. It's all based on sales..

Any more opinions?
 
If it's a good idea, why wouldn't you want to be a part of it?

I dunno man, it sounds like you got drunk one night, chatted with a friend, came up with an idea that can "make millions" and now want to put someone else on tilt to actually do it. Walk away from your brilliant "idea" or put yourself in to it. There's no room for half-assed entrepreneurs in this world.
 
Ideas are like assholes... Everyone has one and yours never sticks...

I agree with the "got drunk one night" comment by DaveEMG.

Also, that whole "I was thinking VC because they would give me money then for marketing and that stuff and they would give me job of managing this projects, pr, programmings, sales and after few months I would back out.." part really made me laugh. LOL. ROLF actually... VC's, IF you even got that far, would sign you to a contract for a certain amount of time, performance goals you have to hit, and more. Been there, signed that. The 'selected management' ran out of the money before the product could be delivered, so the contract (and my getting rich) was negated...

VC's want to see PASSION about a product or idea. "I forgot who my family was, missed anniversaries and the wife was having an affair in the same room as I was!" type passion. Either invest yourself into the project or forget it. Or give it to someone if you really think it is a good idea...
 
Why are you guys even giving him serious answers to this?

I was thinking about registering a domain, starting a new social networking site, getting millions of signups and then selling it for over a Billion. I really don't have time for this though because I have some other ideas/projects that are EVEN BETTER!

If anyone wants to buy- I'm selling this idea and domain for $$$$$$$$ and only on the condition that you give me 50% of the profit for the rest of my life... oh yeah- and a paid contract to consult you on the idea for the next 5 years. Or possibly just an executive level position with all the pay and none of the work. PM me if interested.
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I have to agree with Dave and Rusty. I too have been there, done that and got a crappy t-shirt.

Having an idea was the easiest part, even if you laid awake every night for a year to scheme it all out. I chuckled when you said the business plan wouldn't be a big deal. HAH! A business plan is a LOT more than explaining your idea in a dozen or so pages. Find a pro and ask them what they get paid to write a bp. Maybe try these guys Business Plan Writers, Business Plan Consultant- MasterPlans They earn their living writing bps and I'll bet they may have written one that actually got some money, once.

If finding VC or even an angel investor were easy, there'd be new millionaires on every street corner. Took me 6 months of shopping my bp around to get one meeting... and I had an experienced management team, solid market research, a proven product AND a killer exit strategy for the investors.

So, it looks like I'm in the same boat as the others here. Either DO something with your idea then, when you have some success, look for a small-time investor OR keep dreaming. It ain't as easy as you want to believe it is.

Good luck either way.
 
heh guys, no, I wasn't drunk

i think that finding a VC partner won't be hard, because they just wait for good start-ups.. I read everday on Techcrunch what stupid sites are getting funded. And my site is way better.. So VC won't be a problem.. I was asking how much of this funding can then come to me not to the marketing of the site, programmers...?

Take care
 
crunchi said:
i think that finding a VC partner won't be hard, because they just wait for good start-ups.. I read everday on Techcrunch what stupid sites are getting funded. And my site is way better.. So VC won't be a problem..
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Ok then, you've got it all figured out. Good luck with that.
 
heh guys, no, I wasn't drunk

i think that finding a VC partner won't be hard, because they just wait for good start-ups.. I read everday on Techcrunch what stupid sites are getting funded. And my site is way better.. So VC won't be a problem.. I was asking how much of this funding can then come to me not to the marketing of the site, programmers...?

Take care
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I'm sorry to say this, but wakeup. You're getting some very good advice in this thread and you're shaking your head and saying "I HEARDZ IT ON DA INTERWEBS DAT MONEY BE FALLIN FROM DA SKYE WIT LOTSA VC'S FUNDINGS PROJECTZ AS DA TECHCRUNCH BLOG BE SAYIN".

Well, if you think it's that easy I'm going to have fun laughing at your despair when you can't even get a meeting with a VC, much less a 2nd one, or even a glimpse at a check written for SOMEONE else. If you really want to get serious about this don't shrug at advice from people who have been there/done that and do more research. The truth is that a business plan should easily take 100+ hours and is supposed to be hundreds of pages long. Then you have to write a summary of that plan that is 10~12 pages. Then you need to write an executive summary of that which is 2 pages long. These plans must be grammatically correct and error free and should concisely lay out your complete plan for the business including industry analysis and competitive analysis. Every VC I've ever talked to told me he gets 30+ business plans a day. They glance at each one and the first error they see, they throw it away. They end up contacting less than 1 out of 10 with followup questions. Out of those about 1 of 10 gets an interview. Of those only a handful gets second interviews or a check.

You were right, lots of VCs have lots of $$$ and lots of people want it. The reason so many people are getting funded in this market is because there ARE SO MANY PEOPLE WITH IDEAS. What will separate you from the herd? How will your business plan stand out from the hundreds of others on this VC's desk? If you can't take some advice here and get a clue you're setting yourself up for a lot of frustration. The simple fact that you just want a big check for an idea and then want to GTFO is itself a clue that your laziness will prevent you from ever getting VC funding. Sorry, but I felt like being brutally honest cause some people need to wake the fuck up and stop looking for money from the sky. If you want money to rain out of the sky become a male stripper.
 
crunchi said:
iI was asking how much of this funding can then come to me not to the marketing of the site, programmers...?
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Uuhhh... None of it. Unless you are an employee of the company. VC money is about expanding the idea of the company, not to reward the folk who started it. That's what the IPO/Sell-off is for.

Good luck, you will need it. Oh, and keep your day job, for awhile at least...
 
Sigh... I felt a little bad about how harsh I came across in my last post so I'm going to make a last ditch effort to save you.

Read this: http://www.stephenfleming.net/files/Fleming_Raising_Capital_2007-09.pdf

Read that ppt presentation, read his website, read his blog, and look at other links that he links to for VC funding. I was at a presentation that this VC made and reading this might open your eyes a little to the world of VC funding. I can tell you right now that you are going about this completely the wrong way and that the method with which you are approaching this idea is very "get rich quick" and "get something for nothing". You will NOT succeed with that mentality, so the first thing that needs to change is your mindset. If that does not happen, kiss your chances at VC money (and success in general) goodbye. Success ain't easy.
 
crunchi said:
i think that finding a VC partner won't be hard, because they just wait for good start-ups.. I read everday on Techcrunch what stupid sites are getting funded. And my site is way better.. So VC won't be a problem..
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Wow, just wow.

I think you should do a little reading on how the real world works before you start shopping for porsches.

Listen to what the people in this thread are telling you.
 
Ha ha yea as someone that's spent the last 3 months scouting angel funding, I assure you, even a great business plan, multiple prototypes, a strong management team, and a board of directors that could choke a horse doesn't necessarily mean that money just shows up at your doorstep one day.

And all those TechCrunch startups that you hear about - most of them are founded out of a "new money boys club" in Silicon Valley. Basically it's an incest farm of Stanford BSchool and CompSci folks. Stanford is essentially a startup incubator. If you get a senior professor to green light your project (like Google, for instance), and can prove it's business model / core business within the course of a year, you will be funded.

If you know the secret handshake, you're golden.
 
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