Good Morning Fastlaners,
It's been awhile since I logged in however I am at a standstill need some advice.
While forming a new company through the standard channels/practices (40 Page Business Plan, meetings to raise capital, marketing & sales, ect...) I have had a HUGE opportunity thrown in my lap.
Basically the company I am still working FOR while raising capital for MY NEW company is about to fold-100% due to the management styles & greed. Old company management has managed to ruin every relationship possible.
That being said the company could of been VERY successful if relationships were handled correctly and management was not so greedy.
The industry is one of the fastest growing industries in America right now and without giving away to much it's heavily intertwined with advertising.
The best parts of original/old company-Vendors, Partners, Brains (people who actually did the work), Clients have stated they will move with me to the New Company I have formed.
Originally the New company was related as far as industry but the final product was different. Now, new company has the ability to offer everything the old company did but faces one problem.
There are several large investments that need to occur ASAP as the opportunity can easily be lost. Essentially the capital investment would purchase technology to supply the new company and it's clients with a highly profitable ROI.
New company does not have any R&D needed. Product already exists and has maintained the relationships while OLD company ruined them.
Bottom line/question: New company needs a way to present to preferably Angels however will take the VC route if necessary but the whole process has to be expedited. Have any of you had experience in a similar situation? What do you suggest?
Thanks in Advance for your help!:thankyousign:
It's been awhile since I logged in however I am at a standstill need some advice.
While forming a new company through the standard channels/practices (40 Page Business Plan, meetings to raise capital, marketing & sales, ect...) I have had a HUGE opportunity thrown in my lap.
Basically the company I am still working FOR while raising capital for MY NEW company is about to fold-100% due to the management styles & greed. Old company management has managed to ruin every relationship possible.
That being said the company could of been VERY successful if relationships were handled correctly and management was not so greedy.
The industry is one of the fastest growing industries in America right now and without giving away to much it's heavily intertwined with advertising.
The best parts of original/old company-Vendors, Partners, Brains (people who actually did the work), Clients have stated they will move with me to the New Company I have formed.
Originally the New company was related as far as industry but the final product was different. Now, new company has the ability to offer everything the old company did but faces one problem.
There are several large investments that need to occur ASAP as the opportunity can easily be lost. Essentially the capital investment would purchase technology to supply the new company and it's clients with a highly profitable ROI.
New company does not have any R&D needed. Product already exists and has maintained the relationships while OLD company ruined them.
Bottom line/question: New company needs a way to present to preferably Angels however will take the VC route if necessary but the whole process has to be expedited. Have any of you had experience in a similar situation? What do you suggest?
Thanks in Advance for your help!:thankyousign:
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