I was recently thinking of starting a medium risk online business. Should I use a friend's (who is more than willing to invest in me) money or do my own investment?
I mean is it morally right? For example, if the business is risky then why take my friend's money and if it's profitable for sure then why not invest fully and be a 100% owner? What's your take on this and what is the correct time to look for a Venture Capitalist?
2007-02-16 18:53:53 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
When you have a solid business plan written up, and all details worked out. When you're ready to start, all research is done, and all you need is the money. Whether you go in partners with your friend or get a loan elsewhere is up to you. All businesses are a risk.
2007-02-16 18:59:29 · answer #1 · answered by itry007 4 · 0⤊ 0⤋
Why no longer. given which you have a corporation plan, you're extra desirable than ninety 9% of the so-stated as adults that choose for to get VC money. this is annoying to get in front of a VC, even for a non-youngster. So, you have a miles better challenge. yet once you have latest components which you would be able to deliver and that they wow them, they're going to haven't any theory you're sixteen till you ensue. i might advise inclusive of somebody over 21, besides the undeniable fact that. As a minor, you will possibly no longer be able execute contractual agreements. A determine could be large. A criminal expert employed via a determine could be extra desirable.
2016-10-02 06:59:33 · answer #2 · answered by ? 4 · 0⤊ 0⤋