I just raised $30,000 for an investor who is flying here on the 17th of this month (tomorrow). I've known him 5-6 years and we met in person. I'm in California but he moved to Washington state so hence the flying part. I've been in Internet Marketing since 2003 and have had very successful endeavors.
Industry: Finance Technology
Niche: Loans
USP: Choosing not to disclose at the moment since we're not incorporated yet until the investor/cofounder comes down and does the deed.
He has millions behind so if we perform on a small scale then we're going to attempt to scale the business up and reap the rewards and profits.
\We're going to setup the legal framework for the corporation from the 17th to 19th this new week.
We're going with this lawyer:
http://www.calstartuplawfirm.com/Attorne...meyer.html
We will be incorporating in Delaware as a C Corporation. There will be an office in the future. It will be based in San Francisco in California and yes, there will be employees.
I have a website designed to convey the concept in what could be possible but we're re-working it and the backend still hasn't been developed.
We're working on that now.
We'll be producing leads for direct lenders although we will end up partnering with a direct lender, ourselves, in the future.
We connected with our first potential borrower lead willing to pay $500/month in fees. We will be meeting in person soon and she'll be one of our first clients.
She wants to borrow $40,000. (I didn't explain our business model but it's seemingly very profitable and lucrative since markups are high in the finance industry.)
Also, picking up investor/friend from the airport tomorrow then we'll look for means of a legal framework (an attorney we have in mind if he's available.).
Thinking about whether to get the office in the peninsula of the bay area like Burlingame, San Mateo, Palo Alto, or San Francisco. I was thinking of initially renting an address but if we're going to get more than $30,000 in funding then I was thinking of getting a real office when the time is right for expansion and base building purposes.
Let me know if you have any questions and I'll be sure to answer them.