I am starting up an internet company based on an original concept. My strategy is to, first build the architectural base and implement the main use cases of my website and thereafter, look for funding in order to speed up the development (it is very important that the website is released before May 2010) and the promotion of the website.
So following my initial plan, I am currently building the website but, now, it becomes time to go outside and start talking about my project. So, here I am:
- Where do I start? How do I approach some potential investors? Where can I find them?
- Confidentiality : How can I present my ideas or attract investors with assurance that it will be kept confidential and not be stolen?
- What factors will influence the calculation of the share percent of the investors? How do you bargain between the cash invested and the percent shares you give ?
- How much time does it usually take to find an investor and make a deal ?
EDIT : According to 90% of your answers, it seems that my question was "Do I need funding?" instead of "Where do I start funding?". This is quite paradoxical, for a startups forum, that the majority of the members advise you against getting investment. However, I do agree with most of the answers that it is always preferable to bootstrap. But guys, sometimes, alone, you cannot do so much and sometimes you don't have choice!!! In my situation, for instance, my business should go outside soon AND identified competitors have already raised 2M$ (before any kind of proof-of-concept !! )