Comments on: How to Get Funding as a Young Entrepreneur http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/ community, entrepreneurship and business strategy Sun, 08 Jan 2012 02:04:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Review: The Go BIG Networkhttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-91765 Review: The Go BIG Network Mon, 15 Nov 2010 18:48:22 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-91765 [...] fact, it’s almost providential. Even though VC Money Connection and How to Get Funding as a Young Entrepreneur were slightly boring reads, the content and questions were sincere. How do young entrepreneurs find [...] [...] fact, it’s almost providential. Even though VC Money Connection and How to Get Funding as a Young Entrepreneur were slightly boring reads, the content and questions were sincere. How do young entrepreneurs find [...]

]]> By: The VC Money Connectionhttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-91091 The VC Money Connection Sun, 14 Mar 2010 19:20:01 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-91091 [...] weeks ago I asked you how to get funding as a young entrepreneur. We also recently discussed why being a “social broker” is important. This week, I [...] [...] weeks ago I asked you how to get funding as a young entrepreneur. We also recently discussed why being a “social broker” is important. This week, I [...]

]]> By: Lizzyhttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-90267 Lizzy Thu, 26 Mar 2009 21:27:20 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-90267 This is a great article and I'm so happy someone addressed this. I tried to start a high end boutique, I needed roughl $250k. I knew banks would shut me down so I turned to the SBA. They shut me down fast, quick and in a hurry. I had excellent credit and had at least 3 years of stable work history at the time, but I didn't qualify for secured loans (no collateral) and the most I could request under unsecured loans was $50k and even then they were quick to remind me that I probably wouldn't get the full $50k and while I wait to scrounge up the other $200k, I'd start having to pay back the $50+ interest. FINE. So I sought investors, but they're not just sitting on a corner. Angel investors are hard to come by and have their own set of rules and VCs generally want to deal with business models that need millions and are innovative. So where to go?? How does ANYONE start a business? Seriously, whenever I read an article about self made millionaires it's always some bs like "I had this idea, $100, and the rest is history" and I'm thinking huh?? Anyway, glad someone shares my pain This is a great article and I’m so happy someone addressed this. I tried to start a high end boutique, I needed roughl $250k. I knew banks would shut me down so I turned to the SBA. They shut me down fast, quick and in a hurry. I had excellent credit and had at least 3 years of stable work history at the time, but I didn’t qualify for secured loans (no collateral) and the most I could request under unsecured loans was $50k and even then they were quick to remind me that I probably wouldn’t get the full $50k and while I wait to scrounge up the other $200k, I’d start having to pay back the $50+ interest. FINE. So I sought investors, but they’re not just sitting on a corner. Angel investors are hard to come by and have their own set of rules and VCs generally want to deal with business models that need millions and are innovative. So where to go?? How does ANYONE start a business? Seriously, whenever I read an article about self made millionaires it’s always some bs like “I had this idea, $100, and the rest is history” and I’m thinking huh??

Anyway, glad someone shares my pain

]]> By: natehttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-34444 nate Sat, 30 Dec 2006 07:28:30 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-34444 Yea, I think that's why we all have the 40 hour typical work week - so that we can use that money to fund our side projects. But I'm talking about bigger funding which could make your project your 40-80 work week entirely. More focus, less spazzy. Yea, I think that’s why we all have the 40 hour typical work week – so that we can use that money to fund our side projects. But I’m talking about bigger funding which could make your project your 40-80 work week entirely.

More focus, less spazzy.

]]> By: another anonhttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-34434 another anon Sat, 30 Dec 2006 03:04:51 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-34434 work work

]]> By: natehttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33511 nate Wed, 27 Dec 2006 01:21:13 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33511 There's two options. Unfortunately, neither apply to me, but that's a definite possibility for some people. There’s two options. Unfortunately, neither apply to me, but that’s a definite possibility for some people.

]]> By: Anonymoushttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33401 Anonymous Wed, 27 Dec 2006 00:34:53 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33401 or your friend's dad or your friend’s dad

]]> By: Anonymoushttp://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33400 Anonymous Wed, 27 Dec 2006 00:33:09 +0000 http://blog.perfectspace.com/2006/12/22/how-to-get-funding-as-a-young-entrepreneur/#comment-33400 Go ask your dad Go ask your dad

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