Will a VC give me seed money even if my idea is not unique but viable?


3

I want to start a small local business. There is nothing unique or innovative about it, but there is enough demand in the market. I have no college education. Will VC still consider me?

Venture Capital Seed Funding

asked Nov 13 '10 at 01:15
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User5359
48 points
Get up to $750,000 within 24 hours with a small business loan from Clarify Capital
  • You should put this as an answer Tim. I realize it's not a direct answer to the question but I reckon it is the correct one. – John Plummer 8 years ago
  • What kind of "small local business"? Do you mean a startup, or an actual small business like a dry cleaner or flower shop? – Alphadogg 8 years ago
  • This is the perfect profile for a community-sourced or crowdfunding play. VC want a really big market opportunity. – Joseph Barisonzi 7 years ago

3 Answers


12

I doubt VCs will consider "a small local business". That is not the kind of return they are looking for. The other things you mention are not as important as that issue.

answered Nov 13 '10 at 02:35
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Tim J
8,346 points

3

VCs typically look at the chance of a high enough return. Unique is not normally by itself a qualifier. Infact if its unique most VCs will be skeptical of it unless you have something proving a viable market for this new thing.

answered Nov 13 '10 at 02:30
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John Bogrand
2,210 points

0

Please provide more information.

  1. What type of business do you have in mind?
  2. How much seed money do you need?
  3. What would be the size of your start-up in terms number of employees and geographical area covered?
answered Nov 13 '10 at 21:09
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Prateek Mishra
137 points
  • USUALLY VC's invest in only those startups that have been successfully running for quite sometime on a smaller level. You will need to show them elaborate business plans and statistics. You will also need an impressive team if you wanna get funded by VCs. Since you just have an IDEA and no established business, what you need is an ANGEL INVESTOR. try googling the term. – Prateek Mishra 8 years ago

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Venture Capital Seed Funding