Desparate times, such as today’s credit crunch, may call for desperate measures. Here are 101 ideas for the insane but creative entrepreneur, if you’re getting nowhere raising cash from the venture capitalists. The ideas, written up by Jessica Hupp, range from credit card schemes to writing “rubber check” and begging for handouts. She stops short of suggesting you dump your spouse to find someone wealthier, but otherwise everything’s game.
3 Comments
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Rohan said:
Taking a bank loan and putting that money in an entrepreneural pursuit is pretty risky especially since most entrepreneural pursuits take time to mature. You really don’t want to pay interest for that period of time.
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Jim said:
re Rohan’s post:
Just cause the pursuit is entrepreneural, doesnt mean that it is a start up. Many “search fund” or small company buyouts have been finances with seller notes, credit cards, and small bank loans. But i do agree if there is market risk, you may not want to make any personal guarantees to finance your business. -
DV Henkel-Wallace said:
Hey, plenty of startups, yes, even high-tech and even “web 2.0″ ones, can have some revenue from close to Day 1. So for the shrewd and lucky founding team, personal debt might not be so bad.
Not to mention the continual pain when the spouse asks every month, “when are we going to pay this off????” It’s truly a spur to execution.
