I've just posted this on our "Private Investment" thread. I'll copy it here for anyone who's interested but isn't following the other thread . . . . :-) Our first little excursion into looking for a potential Private Investor on-line has now come to an end and although we haven't found an investor, we have learned a few useful things going through the process. We tried out with the Angel Investment Network which advertised "Free Registration" and "access to 225,987 potential investors". I filled in all the sections of the online application form, giving details of our project, our business plan, our viability study and ourselves etc etc and at the end of several hours of work, was ready to "Publish our Pitch". Once you publish the pitch it has to be approved by the AIN before being given a Live status. On clicking the "Publish" button, you are taken to a page that offers you various Paid options that enable you to enhance your pitch. Prices for the additional options range from $150 to $2500. Since this is our first attempt and we're really just finding our way here, I didn't choose to enhance our pitch. I clicked "continue" and was taken to a second Paid options page which informed me that the free option, which I was currently signed up for, did have certain limitations on it... Several important sections of our pitch would be blanked out and therefore not available for potential investors to see, our acompanying pictures/photos would not be included with the pitch, the pitch would only be sent to a fraction of the available potential investors and our pitch would be sent out as an "Anonymous Pitch" - meaning investors would have to open it and read it to see what it was about, rather than being told in advance for example that it was a property development. I understand that everyone is tyring to make money here and that you don't get anything for nothing, so I won't run the company down for their "bait and switch" methods, and I kept a "copy & paste" copy of all the text I filled in - so I won't have to type everything out "longhand" again the next time we go through this process. I say our "first little excursion has now come to an end" because one of the other limitations to the Novice Package is that the Pitch is archived after 30 days and if you want to republish it, you have to pay to do so. I doubt that this exercise will result in us hearing from a potential investor, the limitations the company place on the free option are just too crippling. Of course its designed like that - again, I understand. It's a shame because I'd happily have paid the company a finders fee if we'd been successful. Anyway, onwards and upwards. I believe we have a good idea and we've bought ourselves a great property and I'm nothing if not optimistic!
