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Don Plumley Don Plumley is offline
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Join Date: Jun 2001
Location: Geyserville, CA
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Are you willing to risk your house over this idea? That's the acid test for a great idea. Something so compelling and with so much upside that you can't imagine not putting every minute of your life into it. Otherwise it is an opportunistic idea in search of timing and funding.

If it's an exceptional idea, you can play the patent game - pony up the funds to patent the concept and then shop it or wait for someone to use it and the be a predatory patent owner.

Based upon limited information it seems the best thing you can do is write a reasonable business plan that explains the concept and how it makes money. Find someone with the technical skills that believes in the idea as much as you so you don't end up writing big checks to fund a developer. Bootstrap it.

Or, (and better if you've built a prototype) approach angel investors to fund the concept. I'm guessing angel investors for you is your family, friends, credit cards and sweat equity.

Or you can find people that specialize in helping you to raise money. It's expensive in the sense that they'll want a reasonable piece of funds raised.

BTW, this is what is great about America. We have a the support infrastructure and culture that encourages people (entrepreneurs and investors) to take risks. You can file an LLC with minimal dollars and paperwork - try to form a business entity in France. And you can fail and try again without stigma. That's why we launch things like Google and eBay.
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Don Plumley
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Old 07-20-2007, 10:49 PM
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