Open Brainstorms
Would you risk posting a new venture idea online with hope to find seed funding
would you risk your idea getting plagued, by posting it online, hoping to find seed funding through VC interface or networking with like minded individuals and enable building partnerships
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Brainstorm Info
| Creator: | pratiklohia |
|---|---|
| Created: | over 2 years ago |
| Activity: | over 2 years ago |
| Users: | 5 |
| Ideas: | 6 |
Top Brainstormers
| Username | Ideas |
|---|---|
| tr_research | 2 |
| noeltitus | 1 |
| heraldy | 1 |
| hannibal | 1 |
| anandvc | 1 |
| 1 vote |
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6.
Very interesting brainstorm. Yes, if you can’t bootstrap your venture idea by yourself and don’t have any trustworthy friends who has sufficient skill to develop a beta, maybe you have to take a risk posting your idea online. I agree with #2 hannibal’s opinion. You have to take a risk on things worth taking a risk for.
Actually, that’s situation where I’m in! Look at http://heraldy.blogspot.com/
I’m revealing the idea little by little.
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5.
i have talked to several very successful people. all of them say the same thing: if your idea is good enough, people will steal it. why make it extra easy for them? look at Steve Jobs -- "Steal from the best and forget the rest" -- I believe this is a quote that can be attributed to him.
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4.
people with money are hounded with requests for VC. approaching the VC online is next to hopeless. instead, develop a kickin' business plan, put on a suit, rehurse what you are going to say, plan to be rejected 1000 times, but remember that it is a risky venture and do not forget to be polite and smile. friendliness and talent will eventually win funding. do not go online. people with money have better things to do with their time. face-to-face is the way to success.
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3.
state the need that you will address and how you would address current issues with the way it is addressed and see if it attracts investors... the technology idea still stays with you
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2.
Yes - If you truly love ideas, then the chance of someone stealing it (very small) is worth the risk. Bear in mind - when pitching ideas, you invariably find that nobody understands it, even when you're there to explain it to them - how could they "get it" when they are only getting a text overview!
| 1 vote |
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1.
Maybe, although the preferred way to find venture funding would be to directly approach angel investors for seed funding. I don't know any VCs that invest at the true "seed" stage. Most seed level funds tend to come from the entrepreneur and his network of family and friends, plus a few angel investors. Look at this directory of angel investors if you need to contact them: http://www.inc.com/articles/2001/09/23461.html