Raising funds for ventures
by Kirsty on Aug.08, 2005, under Uncategorized
We´re currently raising around ?1.5 million for a new venture that creates an entirely new advertising channel. It´s one of those in-between amounts that sits us slightly above your average individual/ business angel and yet sub threshold for your average VC.
We are getting a number of investor networks showing interest but then they all want a fee up front. My fear is that they are perhaps more interested in the fees than the venture. So far, every one has said they think the venture has a real chance of raising funds. On the one hand that is encouraging but on the other hand I would expect a more mixed reaction if everyone is genuine i.e. some highly enthusiastic (because the venture is a sound one) and some highly sceptical. I was wondering if fellow business people out there have experienced these investor networks and what their opinion was?
