A few questions about start ups
1) Where do you go to get funding? A friend of mine has a good business plan drawn up, and his partners have a ton of assetts, but banks are only going to lend based on cash flow, which this company does not have because it does not exist yet. I don't know if venture capitalists will lend only $2.6 million. Does anybody know any good companies/people for this in new york?
2) When you buy a security on an exchange, it is regulated a lot. Also a lot of those companies like to report big earnings, But for a small business, how can you be sure the partners are making what they say they are, and not a lot more? If they say they earned $200,000 how can you be sure they didn't earn $1 mil and keep the $800,000?
3) How much information do you disclose about your business plan to potential investors? How do you stop them from just ripping off your idea? Do you get some sort of disclosure agreement from a lawyer?
Thanks in advance