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Started By
Message
Investing in a startup?
Posted on 6/12/12 at 5:57 pm
Posted on 6/12/12 at 5:57 pm
What are some key questions you would want to ask?
This post was edited on 6/12/12 at 5:58 pm
8
Posted on 6/12/12 at 6:05 pm to lighter345
Business Plan
Valuation
Exit Strategy
Valuation
Exit Strategy
Posted on 6/12/12 at 7:15 pm to lighter345
quote:
What are some key questions you would want to ask?
How do you get your money back?
Posted on 6/12/12 at 8:18 pm to lighter345
The first thing you should ask is "how much do you need?", followed by "can I do a direct deposit?"
Post your email and I'll send you the answers!
Post your email and I'll send you the answers!
Posted on 6/12/12 at 8:50 pm to ForeLSU
Thanks golfer.
And yea I'm sorry for trying to invest some money. I get small start ups fail a lot. This Wouldnt be a big deal if it didn't work out.
And yea I'm sorry for trying to invest some money. I get small start ups fail a lot. This Wouldnt be a big deal if it didn't work out.
Posted on 6/12/12 at 8:57 pm to lighter345
I have an opportunity to invest in a startup, and I got the chance to review the business plan, projected expenses, sales and profits over a 10 year period, a plan to reimburse investors, and several sit down meetings with the starters.
Posted on 6/12/12 at 8:59 pm to lighter345
quote:
What are some key questions you would want to ask?
The FICO and history of whoever is making the proposal.
Posted on 6/12/12 at 9:14 pm to LSUGUMBO
Perfect thanks y'all.
Posted on 6/12/12 at 9:41 pm to lighter345
Agree with Golfer. 10 years of projections is nice to look at but will be wrong by year 3 more than likely. Focus heavily on the early years in your analysis. If you are a minority investor, do your diligence on the shareholder/partnership agreement. How will distributions be determined? If pass-through entity, will there be minimum distributions for taxes? Restrictions on transfers and concentration of control are other areas to consider. Also, what clauses are written to protect other investors if anything happens to key persons (death, divorce, bankruptcy, etc.).
Consulting with an attorney and CPA is also a good idea.
Consulting with an attorney and CPA is also a good idea.
Posted on 6/13/12 at 8:14 am to lighter345
Obviously you will want to review a business plan. You will also want to know how the business will be organized, who will be managing the company, rights of investors to change management, compensation for managers and exit strategies are some issues you must consider.
Posted on 6/13/12 at 10:10 am to lighter345
What industry is the startup in?
Posted on 6/13/12 at 11:22 am to LSUlunatic
Umm i would give it away pretty fast if I said. But they are an online based company.
Posted on 6/13/12 at 11:26 am to lighter345
quote:
industry
quote:
online based company.
Posted on 6/13/12 at 11:34 am to LSUAfro
Yea I said I was not giving away their industry.
Posted on 6/13/12 at 12:03 pm to lighter345
So it's a tech company looking for a seed investment? Has this company raised any capital since its formation?
Are you friends/family with the founders of this company?
Also, does this company have an already-made prototype?
Are you friends/family with the founders of this company?
Also, does this company have an already-made prototype?
This post was edited on 6/13/12 at 12:06 pm
Posted on 6/13/12 at 12:12 pm to LSUlunatic
About 65k raised.
They did a beta operation last year about 40k in transactions don't know profit. 500 users.
Couple thousand on waitin list.
Friend with one founder, very small founder only an inten essentially.
Prototype is online.
They did a beta operation last year about 40k in transactions don't know profit. 500 users.
Couple thousand on waitin list.
Friend with one founder, very small founder only an inten essentially.
Prototype is online.
Posted on 6/13/12 at 12:15 pm to lighter345
BR based? If so, I probably know them. If it's who I'm thinking of, I'd be investing as well of the wife was finished with school
Posted on 6/13/12 at 12:24 pm to lighter345
First, don't bother them with a request for a business plan. I'd have them put together a 10-12 slide pitch deck. There are several examples of such online.
I'll try to make a post later on which includes questions I'd ask them.
I'll try to make a post later on which includes questions I'd ask them.
Posted on 6/13/12 at 12:30 pm to LSUlunatic
I have an investment package PowerPoint.
I know a good amount about them it's more about what exactly am I getting with my shares and what guarantees do I have if any that management stays the same, when do I have the option to sell my shares, anti dilution policy? Etc. I will not have voting rights as stated in their ivestment contract.
Thanks for the help Lunatic
And golfer no they are not BR.
I know a good amount about them it's more about what exactly am I getting with my shares and what guarantees do I have if any that management stays the same, when do I have the option to sell my shares, anti dilution policy? Etc. I will not have voting rights as stated in their ivestment contract.
Thanks for the help Lunatic
And golfer no they are not BR.
Posted on 6/13/12 at 12:30 pm to Golfer
(no message)
This post was edited on 6/13/12 at 12:31 pm
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