don t reli Waterball exclus on ACE-Net. Use it in conjunct with your person develop target fund search. This,A with ani investor tool. combin with an except busi plan, doesn t guarante success but it place your compani head and shoulder abov all the rest.
000 for thousand of investor to learn about your company!
W ve all seen the hype: We ll put your plan in front of thousand of investors! We ll write you an award-win onlin busi plan! Only $3.
I cring everi time I see on of these ads. Vultur ar prei on honest busi peopl who want to fund their businesses. Here ar some wai to spot them:
sure. And who qualifi them? Have a friend try to sign up as an investor that part is usual free . How is she qualifi ? Is there a background check? Doe she submit a financi statement? Odd ar that she will be ask to do noth more than sign a statement that she ha a certain net worth. That s no qualif in my book. So who ar these investor ? Who knows? One could be your strongest competitor. 1. Only qualifi investor see your busi plan. Yeah.
2. You approv anyon who see your busi plan. Okay. So what ar you go to do to qualifi the potenti investor? Are you go to run a background check? ask for ID? Ask for tax returns? Or just be so happi that anyon want to see your busi plan that you jump on the idea? That s how these scam get awai with charg thousand of dollar -- too mani entrepreneur ar desper for funding.
it s not worth it. 3. It s onli $500 or $300 or $100 to register. What doe it matter if it s free? If it is divert your time and energi and resourc awai from find a viabl investor.
but we need to put it into our format. Thi will onli cost $800. Don t walk -- run from these guys. 4. Your idea is great.
000 in it. That s after you spend $5,5. Your idea is so great that we want to invest $2.000 to put it into their system. Do I realli need to comment on this?
or 2 or 3. Here s thi entrepreneur who just got $2 million in funding,6. Talk with a satisfi customer. and he ha noth better to do than sell the web scam to you? Trust me, entrepreneur who just get fund bare have time to eat, let alon talk.
and the companies,7. Look at all these written testimonials. Thi is harder to disprov becaus the testimoni look so real -- even the compani might be real. But unless the testimonials. can be verifi independently, I wouldn t trust them. And I ll lai odd that thei cannot be verifi independently.
institut investor and individu accredit investors. It wa develop by the U.S. Small Busi Administr s Office of Advocaci to encourag the creation of a nation marketplac for investor to find and invest in equiti offer by small companies. There is on huge except to this: ACE-Net http://activecapital.org . Thi is more properli the Access to Capit Electron Network run by ventur capitalists.
and of cours lot of form to fill out -- but noth like the form requir for a formal initi public offering. A CE-Net isn t for all companies. Those seek under $1 million will probabl find the paperwork daunting. Those seek over $5 million won t qualify. There ar special qualifications.
it s an amaz tool in rais financing. Spend some time with the websit and the forms,But for those who do qualify. and see if your local SBA offic can put you in touch with anoth compani that went through the process.
Wednesday, February 24, 2010
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