I am looking to get around 250k + Marketing and Sales Support from a Venture Capitalist / Accountancy Software Firm in order for me to Build and Sell a software package to help the accountancy industry.
Basically I will not give you all the details in this news group as its my property however in a nut shell the software is based on .NET technology and processing of financial data/information.
If anyone is interested or can recommend a good honest company (if one exists) then I will be very grateful.
I concur. I myself have invested heavily in a number of software projects, provided that the people mix was right. But remember Angels are not angels - they are tough business people whose term sheets will make you cringe. Does that make them bad or dishonest as you imply? Absolutely not, they require a good return on their investments, on average, because not every investment pays off. So what are some of their considerations?
"Ideas are a dime (10 cents) a dozen" as we say in our part of the world. So when you talk about wanting to "Build" I shudder, as an investor. Our minimum consideration level is that "software ideas must have progressed to a working prototype." Most Angels want to invest, not run the business. That begs the question, what kind of people have you got on board because the HR mix is extremely important - this includes partners, project contractors, a quality Board of Advisors, etc. And don't forget your Business and Marketing Plans - if you don't have a documented Vision and plan of execution, no sane investor will give you due consideration.
I concur again....I've done 3 startups and quite frankly my advice would be to beg borrow or steal rather than give equity away in your baby. It can be done as well - I've built my latest s/w business with no VC at all and now it's rocketing....
They're called Banks, you may be familiar with them, they're normally situated in amongst rows of shops called a High Street.
But seriously, you may prove me wrong, but from reading what you have posted, you haven't even built a beta version yet. Why would you want so much money if you haven't even made a prototype. Basically most of the money will go into R&D before you even burn it to disk. Plus why have you cross posted to uk.jobs.wanted, do you think employers actually use this newsgroup?
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