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Chat Transcript
06 Aug 2012 - 15:30hrs hrs
Anil Joshi | President
Are you looking at starting your own business and need funding?
Chat Transcript
| rnp_111: I would like to invest in start ups… is there a criteria.. or a procedure to invest through Mumbai Angels? |
| Anil Joshi: hi, Yes you can invest thru MA provided you are our member. suggest you visiting our website www.mumbaiangels.com for more details |
| prabhatsharma_1: I have a business of home décor artifacts in the town of Nagpur and willing to expand it to other parts of the state. Its a 2 year old company with 30 dedicated employees. I plan to open up a shop in a major city and need funding to expand my business. What are the chances of getting funded for expansion? |
| Anil Joshi: There are good chances of funding. But before approaching investors do check on investors who would be interested in your space |
| smrita_1969: 1) Hie,Mr. Joshi I am Smrita from Bhopal looking for starting a new big fun park in a small town, how much are the chances for such idea to work and also to get successful funding. |
| Anil Joshi: Hi, If your idea is good and you can execute then funding is not a problem. But would suggest you do more homework on sustainability of our idea in long run and how much money you woul need to execute the same |
| mumbai.com: What is the criteria for getting funds through Mumbai angels |
| Anil Joshi: We are early stage investors and invest from 50 lacs to 2.5 cr. please visit our website www.mumbaiangels.com for more details |
| annettea: Can you explain the best way that an investor values a start up? |
| Anil Joshi: tough one, as such there is no formula for this. but can say it is function of strength of idea, team, IPR, how big is market and have anybody tried your solution. if you can work on above point getting decent value is not difficult |
| swapnil141085: I have a computer sales and service business in Juhu, Mumbai. I operate from home at present, but want to buy a shop for it. At present i am earning around Rs 20000 per month working from home. Would buying a shop or going for a rented shop be a good idea. Also if i want to raise funds for buying a shop, which would be the cheapest mode of raising funds for it? |
| Anil Joshi: hi, it depends on quantum of business, if your business is growing and space is constraint then you shld look for rented space. considering your business and stage i would suggest going for small bank loan |
| 777.com: Hello Sir, How can I promote my business offerings at no or low-cost? |
| Anil Joshi: hi, look for social media |
| kingcontrol: I want to know how do i GETTING FOR AMY MY IDEA that is in an "IDEA STAGE"? |
| Anil Joshi: your query not clear, can you eloborate |
| kingcontrol: I mean to say How do I get funding for a AI based NLP TECHNOLOGY start Up that is presently in an "IDEA STAGE"? |
| Anil Joshi: you can explore incubation or approach angels investor like us |
| p4piyushmehta: I am planning to set up a theme hotel.and I have no idea of how much capital does it requires.can you please suggest.how much should I start on with and when to look for funding??? |
| Anil Joshi: it would depend on how many rooms and facilities you want to offer. suggest apporaching consultants who are specialised for this. they should be able to help. regarding funding, would suggest go for it once you have executed one project |
| 777.com: Which business expenses can I deduct for income tax purposes? |
| Anil Joshi: hi, i am not tax expert hence wont be able to help you on this. sorry |
| 777.com: Also, how does franchising work? |
| Anil Joshi: franchising is basically you lending know how and do business promotion. Franchisee would spend on infra and other cost. Normally it is revenue share or royalty fee. i guess you would get lot of stuff online for reading |
| chandraditya: I have a marble mines, which is suppose to be my family |
| Anil Joshi: your query not clear, sorry not able to address |
| parth74: 2) hello, sir I am planning to set up an adventure trip company, and want to clear my doubts on does these companies work in India.is there any scope?? And also if it does then what are the chances of getting a handsome amount of funding.? |
| Anil Joshi: hi, there are few companies in this space. please do some online research. if you have good scalable model then you can explore funding. |
| farha111: 5) hie I am very keen to know that if I am applying for funding, what should be the points my company should be strong on.to get proper funds. |
| Anil Joshi: please focus on following:- 1) team 2) product offering and USP 3) IPR 4) entry to barrier 5) how big is market 6) competetion |
| smrita_1969: thanks for the reply. but is it a workable idea for a small place??? will people be interested.. |
| Anil Joshi: hi, will be difficult for me to say, hence i suggested doing some research on accpetability of your idea and people paying capacity |
| sandip_das83: I am new in the field of business and have just started business on leather bags and do not know about VC funding. I have a company of 1 year with 10 people and manufacture and supply leather goods to major shops across the city…can I know what things you look for before investing in a new company like mine? |
| Anil Joshi: sure, following points shld help;- 1) Team 2) Idea 3) market opportunity 4) execution capability 5) entry barrier 6) IPR 7) requirement of funding over period of 2 to 5 years |
| balirams: What is the size of funding we can expect to raise? |
| Anil Joshi: we do arnd 50 lacs to 2.5 cr |
