Dimka - agreed, Bank loans are also not a good idea for high risk ventures like a software/web startup. It's also the way it's done in the valley.
Friends and Family round is much better - just make sure you're friends and family are clear that it's high risk and they may never see the $ again. Have an angel lined up as well so you can take it to the next level. All this is hard in AU because Friends and Family and Angels who understand web business are hard to come by. Chris Chris Saad JS-Kit <http://www.js-kit.com> . Media 2.0 Workgroup<http://media2.0workgroup.org>. APML <http://www.apml.org> . DataPortability<http://www.dataportability.org> Chat: Google Talk: [email protected] Skype: chris.saad Contact Me: [image: Linkedin] <http://www.chrissaad.com>[image: Facebook]<http://www.facebook.com/home.php#/profile.php?id=687986699&ref=profile>[image: Flickr] <http://www.flickr.com/photos/chrissaad>[image: Twitter]<http://www.twitter.com/chrissaad>[image: Blogger] <http://chrissaad.wordpress.com> On Mon, Jan 19, 2009 at 10:45 PM, dimka <[email protected]> wrote: > > >Well it's certainly a (IMHO) sad fact of business... > > That is a problem common to many people dreaming to start their own > company (myself included). A product, even a brilliant one, doesn't > guarantee a success in business. I am not sure that "to be around > people who can help you to commercialize an idea... is an 'easier' way > to be successful". Is it really that easy and is it enough? Here is a > challenge: imagine you have a wonderful idea, try to convince couple > of your friends that the idea is great, so that they start working > with you or lend you some money! I doubt it is simple. > > I'd say that one needs to have a good idea, be able to implement it > (hard work required :), be around people, be able to convince people, > etc, etc. Tons of things. > If one has one of required qualities but not the rest, why not go and > develop them, why not join other people with qualities you are > missing? Business is a collective undertaking after all. > > There is a book "The E Myth" by Michael Gerber saying lots of things > about differences between "the technician", "the manager", and "the > entrepreneur". It is a good reading for those who owns a small > business or want to own one. > > > > On Jan 19, 1:51 pm, silky <[email protected]> wrote: > > On Mon, Jan 19, 2009 at 1:46 PM, Elias Bizannes > > > > <[email protected]> wrote: > > > 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. > > > > Well it's certainly a (IMHO) sad fact of business that an 'easier' way > > to be successfully is not to have a good idea necessarily, or even be > > a hard worker, but to be around people who can help you commercialise > > it. Money and connections go a long way. Specially when money gets you > > smart employees. > > > > It suggests that if you want to be in "business", you should not > > exactly be working on your application/system/device but out at > > parties, meeting people, etc. > > > > From that point of view I don't consider myself anything like a > > "businessman" more like "a working guy who wants your money" :D > > > > Bothers me a bit, but that's the way it is. > > > > > It seems like everything goes back to building a strong community that > > > supports each others. More alchohol is what we need, not VC's. > > > > Indeed. > > > > -- > > noon silkyhttp://www.boxofgoodfeelings.com/ > > > --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
