Quote:
Originally Posted by xxweekxx
exactly.. without even seeing the business plan id guess 80-95% chance of failure.. gotta see some profits before asking for investments...
if you told me you are inventing a way to bitch slap people through the internet, then im 100% sure itll make money.. but you are going into an area that is tough to break into and competition is fierce
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I'd say closer to 95% chance or higher. No offense to the original poster. I have no idea who he is or what his project is about. I've just seen it so many times, hell been there myself on some of them on both sides.... partnering with people and financing the project. Can't say I've seen one work out, but obviously it does happen. It's just few and far between.
Most success stories are not found on venture capital but ideas that people grew themselves. Make a little money pump it back in, work hard on it for years, and with a little luck you could end up with a site / service that is successful. Then you can either sell it all, sell part of it to get the funds to take it to the next level, or keep it going and continue to make money. Look at sites like Craigslist, collegehumor, plentyoffish. The first two were self made then sold off part of it. I am pretty sure pof still owns 100% of it. In all case I believe they were started with no VC money and they grew on small budgets with a lot of hard work.