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FEB Author: Michael Neuvirth | Comments(0) | Recommend

Questions From Our Readers

A prominent feature of our blog will be to answer questions submitted by our readers. Please feel free to submit your questions and we will answer them as quickly as possible.

Question: I read your post on companies raising money during a recession and while it gave me some confidence I am still getting rejected left and right by investors. What is your advice?

Michael: First of all, the fact that you are getting rejected "left and right" probably means that you are shopping your buisness plan around to any investor you can find. If this is the case please stop and focus. You must use a targeted - sniper - approach and not a shotgun. Secondly, you need to understand that investors are investing but very slowly and very carefully. The golden rule of venture capital is "whoever has the gold rule." So you must be patient but also try to be creative and maybe you can consult in the same field while you build up your company. You can also try raising from business plan competitions and government sources. Sorry - there are no magic bullets. You need to hang in there and bootstrap for as long as possible.

I will answer some other submitted questions in my next post


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