caserri Posted May 17, 2011 Share Posted May 17, 2011 Does anyone know of a website that brings together individual investors and people in need of funding to start their small business? Im looking to get back into a small business that is in the vending industry (not bulk or full line) and am in need of a few start up dollars. If anyone knows of a site or other solution, other than a traditional loan, please let me know. If I can get this off the ground, you'll be reading about my progress here on the forum since it is technically a vending business. I may have to create a new category for it. Sent using the Tapatalk Forum Viewer for iPod & Android. Link to comment Share on other sites More sharing options...
Technivend Posted May 17, 2011 Share Posted May 17, 2011 Oh boy, what a tease!!!! Did you get my PM? Does it have anything to do with that? Link to comment Share on other sites More sharing options...
caserri Posted May 17, 2011 Author Share Posted May 17, 2011 No Bill. Its something I used to do 20 years ago as an independent contractor for a company. I always said that I would love to do it on my own. Having done it first hand, I know what to expect from it. (both in terms of income and work required) It is a type of vending business, nothing "virtual" or "online". I also think it would make a great additional category here on the forum. Sent using the Tapatalk Forum Viewer for iPod & Android. Link to comment Share on other sites More sharing options...
caserri Posted May 17, 2011 Author Share Posted May 17, 2011 Im looking for something like www.gobignetwork.com or similar. Any feedback on these sites? Sent using the Tapatalk Forum Viewer for iPod & Android. Link to comment Share on other sites More sharing options...
Technivend Posted May 17, 2011 Share Posted May 17, 2011 I don't know anything about companies like that but I did send you a PM with some info that may or may not be of help Link to comment Share on other sites More sharing options...
mission vending Posted May 17, 2011 Share Posted May 17, 2011 How much are you looking for? Have you looked at something like prosper.com? (I think that`s the correct address) Link to comment Share on other sites More sharing options...
caserri Posted May 17, 2011 Author Share Posted May 17, 2011 Less than 10k. I looked at prosper but their application process was a bit too similar to a traditional loan in terms of requirements of the borrower. They are actually a loan company and make loans backed by the investments of its "investing" members. I am looking more for a way to get help from individuals who want to invest in a startup and receive a return on their investment in say, a year or less. Sent using the Tapatalk Forum Viewer for iPod & Android. Link to comment Share on other sites More sharing options...
sherlock Posted May 17, 2011 Share Posted May 17, 2011 What about a Business Angel investor? Angel Capital Association The Angel Capital Assoc (ACA) above is just one example of Angel organizations available. There are lots of groups like the ACA worldwide. Most major cities have individual Angels too. I've never used one but I have read up quite a bit on their offerings. They are often more appealing than the traditional business loan when looking for a small amount of funding like you are currently seeking. Link to comment Share on other sites More sharing options...
agrantha Posted May 17, 2011 Share Posted May 17, 2011 Steve Why don't you see how many Vendiscuss members would like to be a part of the start up investment. Link to comment Share on other sites More sharing options...
JEREMYTINA Posted May 17, 2011 Share Posted May 17, 2011 Steve Why don't you see how many Vendiscuss members would like to be a part of the start up investment. I would say count me in, but I am guessing you don't have any protection for your idea right now, so you are keeping things hush hush. Link to comment Share on other sites More sharing options...
caserri Posted May 24, 2011 Author Share Posted May 24, 2011 Ive put together a financial plan that will get me started for between 5-7k. Pressing onward. Wish me luck! Sent using the Tapatalk Forum Viewer for Android. Link to comment Share on other sites More sharing options...
agrantha Posted May 24, 2011 Share Posted May 24, 2011 Ive put together a financial plan that will get me started for between 5-7k. Pressing onward. Wish me luck! Sent using the Tapatalk Forum Viewer for Android. Why don't you tell us what you are doing so we can saturate your market. LOL! Link to comment Share on other sites More sharing options...
caserri Posted May 24, 2011 Author Share Posted May 24, 2011 Why don't you tell us what you are doing so we can saturate your market. LOL! All in good time my friend! You'll all have a front row seat to watch me make it or watch me crash and burn. No matter what happens, I wont pull a "dsimms". Sent using the Tapatalk Forum Viewer for Android. Link to comment Share on other sites More sharing options...
mission vending Posted May 24, 2011 Share Posted May 24, 2011 Why don't you tell us what you are doing so we can saturate your market. LOL! I wouldn't want to saturate his market, can't stand them damm yankees. OTOH I might be interested in duplicating it in my market. Link to comment Share on other sites More sharing options...
Hillbilly Posted May 24, 2011 Share Posted May 24, 2011 It's not another Egg/Chicken machine is it? Link to comment Share on other sites More sharing options...
caserri Posted May 25, 2011 Author Share Posted May 25, 2011 Nope. Sent using the Tapatalk Forum Viewer for Android. Link to comment Share on other sites More sharing options...
caserri Posted May 25, 2011 Author Share Posted May 25, 2011 Geez I wish I lived in Delaware! I am setting up my LLC for this new venture, and the state fee for Massachusetts is $500. By contrast, the state fee for Delaware is $140, however, if I register in Delaware I have to register as a foreign entity LLC in Massachusetts. Cost for that? $500! Sent using the Tapatalk Forum Viewer for Android. Link to comment Share on other sites More sharing options...
sbishop Posted May 25, 2011 Share Posted May 25, 2011 How much are you looking for? Have you looked at something like prosper.com? (I think that`s the correct address) I loved prosper! I helped fund 3 loans that all paid out in full, then they went through a reorganization and are not approved for Texas yet. Link to comment Share on other sites More sharing options...
caserri Posted May 25, 2011 Author Share Posted May 25, 2011 Yeah, I looked at prosper but like I said, they are an actual bank (Web Bank, a Utah chartered industrial bank) As such, they have deemed me "un-lendable" due to an unsavory debt to income ratio. =( I wish they would do as they advertise and let their investor members decide that. Im willing to pay the max interest if they would just let me in. Sent using the Tapatalk Forum Viewer for Android. Link to comment Share on other sites More sharing options...
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