Richard I would imagine that a typical web startup these days would take $100-250K at a seed round, before they have revenue or even a proven path to revenue. In some cases that amount may even be enough to work out if it's going to succeed or fail. At that level (and in Australia generally) investors are going to have to take on more risk if they want to make real bets on the web.
Chris Saad Cell: 646 797 2890 Twitter: @chrissaad FaradayMedia.com . Media 2.0 Workgroup . APML.org . DataPortability.org On Wed, Oct 1, 2008 at 12:16 AM, Richard Hayes < [EMAIL PROTECTED]> wrote: > > Dear group, > > There is a new funding opportunity based in Sydney. > > There is a new group who are currently actively looking for new > investments. > > A formal 'beauty parade' aka pitch will happen mid-November but I can > not tell you 'officially' who they are. > > The group has about some serious private money and any investment will > be in the $100-250K range. > > Anyone who thinks they have an 'investor ready' project should contact > me off-line. > > But as we all know that there is a huge difference asking for money > and receiving funding. > > 1. You must have a business plan. > 2. IP helps > 3. Revenue and hopefully even profits (or at least a reasonable path > to profitability) > 4. A decent board and management (or at least advisors) > 5. Exit strategy within 3-5 yrs (saying Google will buy us does not > count!!) > > If anyone wants to talk I will be at Opencoffee tomorrow or just call > me over the next week. > > BTW, I will be hosting a Opencoffee / Silicon Beach Sailing day next > weekend. Sailing, Sea Food and Beer. Possibly not in that order. > > > > Richard > 0414 618 425 > > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
