Question on finding Investors in Starkville

[Pointcitydawg]

I'm new to the world of finance, but where does one start looking to find investors in Starkville for potential businesses? Is there a investment company? Save all the smart comments also, I'm really looking for help.

 

[seshomoru]

[No message]

 

[GloryDawg]

Now is a good time to start. I think you should set up a LLC first, then go to the bank. This way the loan is in the business name and not yours. Not to cause bad luck or anything but if the business fails it will not hurt your personal credit.

 

[LTblows]

.

 

[patdog]

most banks are going to want you to personally guarantee the business's loan. But the LLC recommendation is a good one. There are plenty of other very good reasons to keep the business in either an LLC or an S-Corp and it's usually easier to go the LLC route.

 

[BigBully]

The Mississippi Technology Alliance based in Ridgeland, has seed funding opportunities through the MS Seed Fund. They can fund you ($10k) to help develop your business plan before you attempt the private equity market. Also, they can help you get in front of Angel Investors that are looking for investments. It's not easy to raise capital. But they can provide you some assistance, but be weary, make sure you have an Non-Disclosure Agreement executed. BB

 

[graddawg]

<span class="post-title">Be ready to raise a ton of equity. Debt's extremely hard to come by right now.</span>

Hell, I've got plenty of debt. If you need some, let me know...

 

[thatsbaseball]

good ideas in college towns will attract investors from many places.

 

[goindhoo]

nfm

 

[GloryDawg]

bd

 

[topdawg.sixpack]

Tons of people from outside are investing in Starkville because college towns are stable, and right now, the only ones growing.

 

[gdogg]

Network/Research to find the lawyer in town who is putting deals together, he will most likely know where the money is and who is playing locally. Just be prepared to give up a lot of equity and control of your dream.

 

[LTblows]

Credit markets are still ridiculously tight.

 

[LTblows]

.

 

[Porkchop.sixpack]

Want debt? These days you better have Bank of America's balance sheee....uh, well, a balance sheet remarkably better than BA's.

If you go the Equity route, be prepred to be the guy that appears to own the company, but really just owns a piece of it and does all the work. And then one day you wake up and your investor has either sold the company out from underneath you or wants to give you endless **** because he wants his money out and you don't have any way to deliver that to him.

Of course, I'm sure you have examined all that. If you want to know who in Starkville invests in small projects, cozy up to a local banker. They will know.

 

[karlchilders.sixpack]

First... you must have a business good plan
Second... you must be able to demostrate your management ability...not just that you have idea
Third ...You will need some equity( or down stroke $)
Fourth... collateral will likely be needed...thus the SBA part

Good Luck.

 

[Pointcitydawg]

for the information,,,

 

[AndyMSU]

Money is easy to come by both from banks and from private investors.

PM me some details as to what type of business, what dollar figures you are talking about, and what timeline you are thinking.

With the right idea and the right investor it could be very easy. The one and only comment I will agree 100% with is to be prepared to give up a controlling interest in what you are trying to do, it may be the only way your idea gets off the ground. But in this type of market you are only as good as your last job, so the more and more projects your are able to successfully start and grow the more and more control you will be able to have over your next idea or opportunity.

Afterall who would have ever thought some golf pro would be able to match up a real estate idea with some money folks and be a managing partner in a 460 condo, golf project, and retail center?