I am curious to know if anyone here has requested funding from investors for their websites. If you have, please share your story if not with everyone then at least with me please. I have been looking at investor websites recently and I am trying to analyze my chances of receiving funding.
Do you have a list of these sites? Cause ive been trying to find a place to find some investors to throw some ideas at and hopefully get lucky.
I just typed in investors in google, I have no idea which one to use thats why I am asking. I am also a little confused about this "funding" term, if your business fails do you have to pay the company back or do the cover the losses? I would think you dont pay them back otherwise it is a loan but I could be wrong.
Well... I've talked with some contacts of mine who know investors (for website, not games) and I suppose the main thing the investors are after is "what is it for them". When I'm approaching investors I openly tell them what I've done in the past, what realistic potential there is (with a way to reach that potential). I suppose reading investor / biz blogs is a good way to learn how to approach them: http://blog.guykawasaki.com comes to my mind first. He has written some good posts about what investors want... and what mistakes you can make (just check his featured/most commented posts)
I think instead of investors, you search "venture capitalists". They are are the potential source of investment for various businesses. They are the ones who fund YouTube, MySpace. It would be a good idea to sit and prepare a nice report about your business, its potential and growth factors. The VCs want to hear why they want to invest and mainly look to multiply their investment.
Search for "angel investors" too. They are private investors similar to VCs but they might be better for you, depending on what kind of investment you're looking for. VCs want huge returns and will be dealing with multi-million dollar investments. Angels would be better for funding like $100k to $1m. Under that, look into credit card debt and small business loans