I worked for few government organizations on contractual basis for four years. They were my premium customers for custom software applications. After freelancing for these many years and learning from my own mistakes, I want to get rid of this freelancing term and want to start a new company. In these years of freelancing, I felt a need for a basic office setup because officers of these organizations often desired a meeting in my office. This is also a main reason to get funding.
The other reason is that now I want to proceed seriously with focus on products and services. I want to register a company name and also want to convert it to Private Limited. I want a product line for specific domains and services that I am already rendering to government organizations.
I contacted few banks and learned about the variety of new schemes for startups. I want to know how venture funding differs from such bank loans for startups. At present I have not decided the product line. I want to know whether venture capitalists fund any startup that is at present giving services only and plan to grow? How should I prepare for the road ahead?