New Funding Source!

Re: New Funding Source!

You have not mentioned about the terms and conditions. Of course, there will be some. What interest you will be charging and what all requirements are there?

Re: New Funding Source!

gomziwms45;42573 wrote: You have not mentioned about the terms and conditions. Of course, there will be some. What interest you will be charging and what all requirements are there?

These funds are not loans, therefore zero interest.

You will find quite a lot of information in the blog below. Here are some details:

There will be a fee to post a project and request funds. A true business owner (or wannabe) will understand there is a cost associated with their business startup. The fee should be considered an investment in their business. (This is also a good way to prevent fraudulent requests.)

A requirement for anyone posting a request for funds will be their providing "proof" of startup. They should be able to show they have begun the process of startup by providing items such as domain name, business registration, financial statements such as startup costs, business plan (without proprietary information for confidentiality reasons) etc.

We are funding each other's start up through donations, not loans. As to whether or not entrepreneurs will be willing to help each other...the point of this concept is to attempt a change in the funding system.
With hundreds of thousands of us in search of funding, we should be willing to come to each other's aid. We should be understanding of each other's difficulties and hopefully be willing to give a little something out of our pockets to help our neighbor. It's tough times, we all know that. But if $5 or $10, multiplied over and over, can help one person start their business and we repeat this and can help many others launch their dreams, imagine how this can change the whole system.

Please view the blog below for more info.

Re: New Funding Source!

Hello friends

Our family business has been making evening gowns for more than 30 years. Now we're thinking about launching a website to let our customers design their own custom dresses online. This will cost more than $100.000 just to develop the software. Should we use our company's credit line to fund the development, or should we start a new company to raise fresh capital from investors? A S E : BrIck-and-mortar businesses like NW R yours often create a new corporation to ing philanlhropically minded, there are launch an internet venture. This way, insome financial planning benefits to be vestors who are willing to take bigger risks also stand to reap greater rewards. Morehad, too. For example: * Keep an eye out for tax bracket creep. over, if the new venture fails, your existing It might be better to give a little more business remains unscathed. "One benefit to charity than to Uncle Sam il', say, you're of starting a new company is liability proabout to go from the 28 percent to the 33 tection," says Stephen Furnari, a managing partner with Furnari Scher LLP. "The percent federal tax bracket. * Offset investment gains for those years debts and liabilitiesfrt)mthe operations of when you don't have comparable invest.

Thanks for sharing us ....

Re: New Funding Source!

I like what I see so far. I am going to research this more this evening.

Thanks for sharing.

~ Sam

bizdev;42548 wrote: We are getting ready to start the testing phase prior to launching the new Internet platform that will provide a new funding source for startups.

Preneuraholics.com will bridge the gap for those that have not been able to obtain funding from bank loans (SBA or other), venture capital, angels or grants.

The premise relies on the power of unity. If entrepreneurs (preneuraholics) unite together to help each other, we can get our new small businesses funded.

This concept takes peer to peer lending and turns it upside down.

It's time for change! It's time to stop relying on old methods and shake things up! We need to come together to help each other.
Take a look and tell me your thoughts.

Re: New Funding Source!

I like so far what I have read....sign me up...funding is so hard to get....and something needs to be done to help with getting funding for good ideas and new ventures without the normal of getting funding..too many restrictions and NO's and walls blocking you from getting you going in the your new ventures..Many people have good business ideas and just can't get funded due to no upfront monies, credit issues and just don't know what to do..

Re: New Funding Source!

Bank is best Funding Source in my opinion................

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Re: New Funding Source!

Thank you for your information.
It is verry informative.

Re: New Funding Source!

Banks are good for funding, but you can also look into some of the investors who are making it easier for you.