Where to get venture capital funding for my website? What do I need to prepare? (see details)?

Question

Imagine you have 2 partners, and all you got now is a domain, and a potential website with good content and functionality.

Now, you need funding, financing. You don't even have a company at this point. None of your partners has finance background. We do
nobody who works at a VC.

What are the procedure in order to get VC funding? Would you open a company with your 2 partners first? Please list out as many procedures as possible.

Where to find the VC?
What do they need to see?
Will they invest into our company?
Or open a new company to hold the domain altogether?

What do VC do in fact?

Answer 1

It really depends on how much capital you need. As a person with a entrepreneurial background, and two degrees in business I think I can help. I've tryed a couple different startups. My personal opinion, is that when starting a company you need a finance guy to sort the financial options. You could also use somebody with a law background to help you through the process of becoming a business.

Now, back to what I first told you "it depends on how much you need". Venture capitalists will never consider small investment opportunities. They usually go big with people who have a solid plan. It seems as if you just need an angel. A angel is a wealthy person who can provide you the money to start up your business. However, angels can be difficult to find, especially if you dont know anybody that has extra cash to risk.

I could seriously give you tons of different methods on how to start, etc. But I have absolutely know background on your business.

The best method if you cant find an angel is going through small business loans. Check with your local chamber of commerce to find out about small business development in your area.

I would definately recommend you write up a business plan. Nobody will take you seriously if you show up and are all talk.