DaveOnline started this topic @ 17:29 on 13/03/2007
Dear All,
I’m involved in an established online classified advertising business and looking to take the business to the next level but required venture capital to do it.
The requirement is to raise £ 375,500 of capital to be used 100% directly for development.
Currently I have had a lot of success in offering shares for equity and have secured support to place shares to the value of £156,950 from 5 private investors (by offering equity at £67 a share) and have further support in the form of a loan for £125,000 under the small firms loan guarantee scheme. The placing has EIS status.
I now need to place the remaining £ 93,550 to meet the financial requirements of the business plan and have exhausted the contacts from within my own circle. I need to make contact with new investors that may be interested in taking a stake in what I believe will become a major player within my sector of the internet.
The investment is likely to be over a minimum of a three year period and the shares would be Class A ordinary with dividends payable. The investment is not for the risk adverse but offers significant return on investment when we reach the business objectives which im confident of. A full shareholders agreement would obviously be drawn up by solicitors.
If any investors here would like to know more please contact me. The minimum investment is £10,050 for 150 shares (1.5% of the company). The information is obviously confidential and subject to a signed NDA hence im limited on the information I can post within an open forum but full details are available.
Kind Regards
Dave