Need advice for funding

Rob81Rob81 Posts: 1subscriber
edited October 2006 in Startup Funding
Hello Everyone,
    Sorry this is my first post, however I find myself in a unique situation.  I pitched an idea to a school district that I know of (I use to work there and know the superattendent well) it turns out he put me in front of 3 other school districts because he liked the idea so much that now all 4 of them are interested. 
    I will post my idea later (I don`t want anyone running off with it ) but they combined I can take in 800,000 dollars a year with just these 4 schools.  Only catch, I have NO SOURCE of funding, PERIOD.
    If I went to a bank or venture capitalist group and showed them signatures verifiying contracts if I can get the capital to start this comapy, would they loan or invest in my idea?  If not, how can I go about this if I already have clients interested?
Thanks!Rob

Comments

  • keyconkeycon Posts: 34subscriber
    Rob,
    Signed contracts are used as and can be used as collateral. I have done it. It`s a great way to start a business. Really depends on the lender. But it sounds to me as if you have something very concrete in hand. I`m no lawyer, but if I were you, I`d spend some money and get some good contracts written before going to the lender and taking their money.
    [email protected]
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