Just For The Fund Of It
Where can you turn if you can't get money from family and friends, your local bank or a business incubator? Here's where to go.
Does it seem like every Tom, Dick and Harriet is effortlessly attracting start-up capital while you're struggling to fund your business? "It's a sad reality," says Gustavo G. Dolfino, chairman and CEO of venture capital infomediary P.A. Worthington-Cabott LLP in New York City, but "some of the best ideas never get financed." But don't despair if family and friends can't fill your needs, your bank won't come to your assistance and you don't have access to a business incubator. Others are waiting to help you achieve your goals.
Dolfino, for example, can help "by hooking up entrepreneurial talent with the right funders- who can take it to the next level." He'll put your business plan in the hands of five potential investors who are right for you. Worthington-Cabott submits business plans to databases with access to private equity funds, onestop shops, venture capital funds, angels, endowments and foundations. These are further broken down by industry and geographic preference, type of investment preference, investment portfolio and stage of investment. The service comes at a price.
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