Hello All,
I am really impressed with the quality interactions within this group,
and
would like to present an issue that I face. Your valued
comments/suggestions
will be greatly appreciated.
Over the past six months, I have been involved in researching the
potential
for a portal with a highly targetted, differentiated and mass market
business model.
We have two options - either to approach VCs who fund ventures at zero
stage
or build a prototype/proof of concept and the seek expansion capital. We
would like you to advise us on the costs/benefits of both routes. In the
first case, we would obviously be giving up a larger part of the
company.
But how much??? How much does an entrepreneur usually give up at zero
stage?? What if me and my partner are both business persons rather than
high-end technical gurus?? Would that cause us to lose much more??
Please help!
Sincerely,
J. Shaw