SAN DIEGO, Nov. 24, 2009 (GLOBE NEWSWIRE) -- The 7 key mistakes companies make when raising capital from angel investors will be revealed by FundingFish in a free webinar "How NOT to Get Your Company Funded - 7 Mistakes Companies Make When They Go for Funding." This webinar addresses the problem that few companies are successful in raising capital or obtaining small business credit or loans. This is despite the fact that billions in startup financing is available from many funding sources. The webinar will be held December 9th from 5 to 6:30 PM Pacific time and December 10th from 10 AM to 11:30 AM Pacific. The event will be hosted by FundingFish CEO Edward Rholl and special guest Rob "Mr. Funding" Kramarz. Rob is an active member of the angel investor network and a member of Tech Coast Angels. Questions will be welcome at both sessions. To learn more about this event visit www.FundingFish.net.
This business funding information is of critical importance today because of the credit crisis of 2008/2009 which dramatically increased the difficulty of obtaining either bank loans or private investment capital. According to Dow Jones Venture Source, funding dropped by 50% between the first quarter of 2008 and the first quarter of 2009. Investment is now at its lowest level since 1998. According to Bloomberg, commercial and industrial lending in the U.S. is down 17% from 2008 despite the massive federal bailout provided to banks. This data underscores the problems companies face in obtaining small business and start up funding in today's financial markets.
According to data published by Angelsoft Corporation, 97% of requests for funding are rejected. 91% never make it to a face-to-face presentation with investors. The high rejection rate is due to critical mistakes companies make when seeking angel funding or a small business loan.
"This is critical information for every company seeking funding in today's difficult financial climate," stated FundingFish CEO Edward Rholl. "Capital is still available, but the bar has been raised. Today companies have to know exactly what to say and do in order to get a serious look from lenders and investors. Our guest, Mr. Rob Kramarz, as a member of Tech Coast Angels, is involved in the selection process for new funding requests. His insights are invaluable. You cannot afford to miss this event if your company is seeking funding in 2010."
Attendees will discover what angel investors are looking for right now, what to expect during the angel investor network submissions process and how to determine whether their company is ready for angel funding right now. The event will also cover other small business funding sources, including how to get up to $200,000 with an unsecured business line of credit or small business loans. Lastly, they'll cover how to create a business plan that does not damage the chances of funding and why using business plan templates may not be a good idea. By the end of this seminar you will know the do's and the don'ts to receive early-stage funding.
Specific topics to be covered include:
1. How to avoid the seven deadly sins companies commit when
speaking to investors
2. How to profit from the three secrets to making a compelling
pitch to angel investors
3. How to avoid pushing the five "reject" buttons most business
angels have
4. How to search an angel investor directory to find the best
possible startup financing
5. How to find the right bank to get SBA loans and other small
business loans
6. How to quickly qualify for unsecured business loans
7. Why a business plan template or sample business plans can be
major time-wasters
8. Which sources of business financing are available at different
business stages
9. Why your business is probably not right for venture capital
funding
10. How to know if venture capital is right for your company
The kinds of people who should attend are:
1. Inventors, scientists and innovators with a great idea
2. Entrepreneurs ready to launch a new business
3. Leaders of any young business ready to expand
4. CEO's or CFO's looking for working capital
5. Accountants, attorneys and other professionals advising
young companies
To register for "How NOT to Get Your Company Funded - The 7 Mistakes Companies Make When They Go for Funding" go to www.FundingFish.net.
FundingFish is a consulting organization dedicated to fulfilling the needs of their clients to obtain business funding. Clients are typically start up and growing companies. FundingFish policy is "To see you get funded whatever it takes." FundingFish is not a broker/dealer or placement agent, acting strictly as a business consultant. They advise on the angel funding process, the venture capital funding process, and the process of obtaining small business loans or SBA loans. They are also available to prepare a customized business plan or private placement memorandum that meets the expectations of investors. FundingFish team members have collectively over 60 years of experience in these areas.
The FundingFish logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6871