Investment
Looking for help regarding the above. I am in the process of setting up my own company. Have everything in place
An outstanding business plan Website Branding Client base We have pitched so far to two very big companies and both are interested, Sadly though the biggest hurdle i am facing currently is finance. I am looking for an investor. Does anyone have experience of setting up a company here in Dubai and could possibly help with investors??? Thanks Chris |
Re: Investment
Originally Posted by Chris_m
(Post 10652682)
Looking for help regarding the above. I am in the process of setting up my own company. Have everything in place
An outstanding business plan Website Branding Client base We have pitched so far to two very big companies and both are interested, Sadly though the biggest hurdle i am facing currently is finance. I am looking for an investor. Does anyone have experience of setting up a company here in Dubai and could possibly help with investors??? Thanks Chris |
Re: Investment
Try and get the local partner to cough some money up.
Otherwise, call people like becocapital |
Re: Investment
Give me your bank details and I will send you all my money
|
Re: Investment
Surely, raising the capital is one of the primary considerations when starting a new business. If you have such an "outstanding business plan", why hasn't your regular bank offered you a loan? It sounds as if it hasn't been thought through properly. By the way, selling sand to the UAE Government does not qualify as a good proposition.:)
|
Re: Investment
Originally Posted by mentalist
(Post 10652917)
Surely, raising the capital is one of the primary considerations when starting a new business. If you have such an "outstanding business plan", why hasn't your regular bank offered you a loan? It sounds as if it hasn't been thought through properly. By the way, selling sand to the UAE Government does not qualify as a good proposition.:)
Anyway, he sounds like he wants an investor that can help rather than a bank that will just try and screw him. |
Re: Investment
There's a presentation at The Shelter in a few days time that is about SMEs and entrepreneurs rasing funding.
|
Re: Investment
I have just finished the last of 4 seminars about Business Law for Entrepreneurs at the shelter. Was quite useful as we are also looking to start up a business towards the end of the year.
As for the original question you will need to play your cards right for any VC to invest. We haven't gone down that path as I feel its too wrought with risk and hate the idea of being tied to that investor. There is a lot of information from local VCs here: www.envestors.ae/ They have some great financial modelling tools to really evaluate viability and helped us to prove our idea. |
Re: Investment
Originally Posted by Millhouse
(Post 10652927)
This is very naive Mentalist.
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Re: Investment
Originally Posted by jackthehat
(Post 10652774)
How much can you afford to lose?
Originally Posted by Millhouse
(Post 10652833)
Try and get the local partner to cough some money up.
Otherwise, call people like becocapital
Originally Posted by Quackers
(Post 10652847)
Give me your bank details and I will send you all my money
Originally Posted by mentalist
(Post 10652917)
Surely, raising the capital is one of the primary considerations when starting a new business. If you have such an "outstanding business plan", why hasn't your regular bank offered you a loan? It sounds as if it hasn't been thought through properly. By the way, selling sand to the UAE Government does not qualify as a good proposition.:)
Originally Posted by Millhouse
(Post 10652927)
This is very naive Mentalist. This region is the hardest in the world for new businesses to raise finance. It is highly unlikely that he will be able to get a loan from a bank here. Even operational businesses with good margins struggle to get simple things like trade finance and Letters of Credit.
Anyway, he sounds like he wants an investor that can help rather than a bank that will just try and screw him.
Originally Posted by Meow
(Post 10652928)
There's a presentation at The Shelter in a few days time that is about SMEs and entrepreneurs rasing funding.
Originally Posted by Bongoman2
(Post 10653335)
I have just finished the last of 4 seminars about Business Law for Entrepreneurs at the shelter. Was quite useful as we are also looking to start up a business towards the end of the year.
As for the original question you will need to play your cards right for any VC to invest. We haven't gone down that path as I feel its too wrought with risk and hate the idea of being tied to that investor. There is a lot of information from local VCs here: www.envestors.ae/ They have some great financial modelling tools to really evaluate viability and helped us to prove our idea. Thanks Chris |
Re: Investment
Originally Posted by mentalist
(Post 10652917)
By the way, selling sand to the UAE Government does not qualify as a good proposition.:)
|
Re: Investment
Originally Posted by Chris_m
(Post 10653864)
Have you any more info on this?? Please
took me 30 secs, can I be Business Development Director ? ;) |
Re: Investment
Originally Posted by Sandboy
(Post 10653986)
http://shelter.ae/page/introductory-...e-for-business
took me 30 secs, can I be Business Development Director ? ;) |
Re: Investment
Originally Posted by Chris_m
(Post 10653864)
I wont be using a local partner. And if i were i would not introduce money into the equation. I'll look at becocapital, Thanks
I have no desire to take cash from anyone, Am offering a business opportunity If it is a unique idea for a business you are pitching, have you made these possible investors sign NDAs? Why not offer them a franchise of the business if it is so successful elsewhere? Business licencing in Dubai is not just hit and giggle. Mind telling us what the business is? We may be interested to buy your idea if thats what your selling |
Re: Investment
Originally Posted by Sandboy
(Post 10653974)
wanna bet ? ;)
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