2006-08-27 07:08:00 · 5 answers · asked by monty k 1 in Business & Finance ➔ Small Business
If you have great ideas, software is a very attractive field for many investors. I suggest you prepare a business plan and shop it around potential angel investors
CNN Money http://money.cnn.com/2006/02/28/magazines/business2/angelinvestor/index.htm has a very good article on angel investors, what they typically look for, what kind of investments they support, etc.
You may want to go and pitch your ideas where investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans. Be sure to have a strong business plan and describe what makes your business idea stand apart:
Angel Capital Association http://www.angelcapitalassociation.org
Angel's Forum http://www.angelsforum.com
Band of Angels http://www.bandangels.com
Common Angels http://www.commonangels.com
Keiretsu Forum http://www.k4forum.com
Launchpad Venture Group http://www.launchpadventuregroup.com
New World Angels http://www.newworldangels.com
New York Angels http://www.newyorkangels.com
Prairie Angels http://www.prairieangels.org (charges $125 to submit idea)
Robin Hood Ventures http://www.robinhoodventures.com (charges $250)
2006-08-27 07:16:53 · answer #1 · answered by imisidro 7 · 12⤊ 0⤋
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* The Business of Software: What Every Manager, Programmer, and Entrepreneur Must Know to Thrive and Survive in Good Times and Bad by Michael A. Cusumano
* Software That Sells: A Practical Guide to Developing and Marketing Your Software Project by Edward Hasted
* Start Your Own Software Company: A Step-By-Step Guide to Setting Up a Computer Software Business by David J. Cracas
* Web & Software Development: A Legal Guide by Stephen Fishman
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-08-28 15:08:26 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
Watch out it is a very tough business. I used to work for one that ultimately failed and they thought they were brilliant at the time.
The clients you will attract are cheap companies that will treat you like garbage and will take advantage of your start up status and lack of client base..ie. slow paying of bills, forcing you into risk sharing arrangements. Large companies are often the worst!
Only do it if you feel you have a truly unique idea and the people with the ability to execute it. The world does not need more buggy, poorly designed software that basically has limited purpose at best.
2006-08-27 14:16:14 · answer #3 · answered by O'Shea 5 · 0⤊ 0⤋
First you need to incorporate. Do it the state of Delaware or Nevada. There web site to help you do that. It's about $400 bucks.
Set up a web site on godaddy or some place like that to sell your code.
2006-08-27 14:18:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i'll invest, just give me full details of what your position and what you want to achieve, then we'll discuss on that.
2006-08-27 14:39:56 · answer #5 · answered by Frank S 3 · 0⤊ 0⤋