Thanks, good response. You actually just made me realise *how* I could raise that money. Sure, I've got some people in my life who are wealthy. But more interesting is why they are wealthy: they are repeat entrepreneurs. People that I would brainstorm business ideas with, because even though they've got wealth (not that it's obvious), it's how their mind works.
Maybe that's the best solution: surround yourself with like minded people. It seems like everything goes back to building a strong community that supports each others. More alchohol is what we need, not VC's. On Mon, Jan 19, 2009 at 1:40 PM, silky <[email protected]> wrote: > > On Mon, Jan 19, 2009 at 1:34 PM, Elias Bizannes > <[email protected]> wrote: > > What do people think about NAB's young entrepreneur program? > > http://www.nab.com.au/wps/wcm/connect/nab/nab/home/about_us/4/3/2/2/ > > To me it seems good. Might take a crack at it. Only problem is which > business to point it at :D > > > > You get a loan of up to 20k. The conditions seem fairly lax, with the > > biggest stumbling block being your age (ie, 30 and under). > > (hat tip to the switched on @Mister_Black who just notified me) > > > > I've got mixed thoughts. > > - 20k is literally startup costs, so you need to be very careful. Need a > lot > > of focus on how you spend it. > > Sure, but true of any loan. > > > > - 20k is perfect for a loan. It's not a massive amount, that will send > you > > broke if you fail. > > Indeed. > > > > - 20k is something I could raise from family, friends and myself with > easier > > terms. I could sell my car and get that - why would I commit to a bank > loan > > of only that amount, if I was that serious in starting a business? > > I could raise >20k selling my house, but I'm not going to. I need > somewhere to live. I need a way to travel, so I won't sell my car > (probably). You shouldn't need to give up your life to start a > business; and there is no way I could raise anywhere near 20k from > family or friends. You must have rich ones :) > > > > - Perhaps the real benefit is the terms on the loan, but I am not sure > that > > they are that much better than a business loan > > Seems better to me, in that they aren't asking for 2 years history. > > > > At startup weekend, we had several team products in 24 hours with minimal > > costs. Some of the products where bench marked against other efforts that > > individuals had been involved in (like iPhone apps) and the weekend beat > it > > by months (and naturally cheaper if you measure opportunity cost). > > > > Thought I'd put it out there and get people's thoughts. I want to find > > solutions to building entrepreneurialism in the Aussie Internet sector, > and > > questioning these things helps me understand what we really need for > silicon > > beach. > > > > -- > > Elias Bizannes > > http://liako.biz > > -- > noon silky > http://www.boxofgoodfeelings.com/ > > > > -- Elias Bizannes http://liako.biz --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
