There are 4 reasons why angel investor groups routinely reject business plan proposals 95% of the time on the grounds of being; incoherent, conceptual, no “skin in game”, or deceptive. Press reports already indicate borrower fraud is on the rise; http://SinCityFinancier.wordpress.com/2012/10/29/abl-funder-bay-view-ceo-warns-of-increasing-o.
There is a reason why film producers claim they can’t "find" any money at a time when over $6 billion in film finance has been approved in the last 2 years or that billion dollar transactions of most industries are covered by the press every week for the last 2 years. (and listed on this blogfeed)
Billionaire film producer, TV show host and sports team owner Mark Cuban has a succinct reply to those seeking capital who have great conceptual "ideas"; http://SinCityFinancier.wordpress.com/2012/02/13//if-you-want-an-immediate-NO-start-an-investor.
About 50% of the inquiries to attracting capital or other IR media related services are sent by those who provide partial names, no phone number, or no company name. The majority of the other 50% who we can actually reply to rarely can answer the most important initial question; "What type of capital are you seeking and how are you eligible?"
Those who cannot answer the first half of the above question cannot answer the second half. Stating an >amount< of capital does not make it a >type< of capital. Here’s why; http://SinCityFinancier.wordpress.com/2012/04/08/does-anyone-have-any-idea-how-ambiguous-it-is.
Yes, specifying a specific type of capital will make all the difference in the DIRECTION & DURATION of an IR media campaign. Here is a chart on timelines it takes to close; http://SinCityFinancier.wordpress.com/rules-of-thumb-for-amounts-timelines-associat.
Yet many that contact our IR firm claim to not know what an investor relations (IR) media communications firm is or does. Even though a brief description is in large letters online on our homepage. And isn’t the 2 words "investor relations" a bit self explanatory? Wikipedia does succinctly describe an IR media firm as this; http://SinCityFinancier.wordpress.com/definition-of-an-IR-media-firm-according-to-w.
So despite the substantial list of reasons above that illustrate why the burden of proof to meet funding approval criteria remain upon the applicant seeking capital; we still encounter at least 1 person recently who wishes that’s not true and believes that IR media firms providing telemarketing or algorithm marketing or other services should have a performance bond that "guarantees" that applicant get funded.
This out of touch backwards assumption is akin to calling Wall Street Journal or Bloomberg TV and demanding they provide 6 months of advertising services and if anyone buys your nuts & bolts then you will pay them a non-contractual gratuity less than the cost of implementing and staffing 6 months of advertising & image branding services. One word: Ridiculous.
Here is the national average cost chart for nationwide telemarketing services in the US; http://SinCityFinancier.wordpress.com/the-reason-why-55b-in-funding-sources-are-lis. Here is another myth debunker on why private equity firms, investment bankers, or angel investor groups don’t just charge commission; http://SinCityFinancier.wordpress.com/what-do-private-equity-pe-investment-bankers-angel-investor-groups-have-in-common.
Wells Fargo and Raymond James are on the following list of national financial institutions that are diminishing (80/20) or eliminating commissions as part of fee structures; http://SinCityFinancier.wordpress.com/2012/09/17/i-found-embracing-the-fee-only-model-at-on-wa.
Advance fees are a myth. The following is a survey on rates that PR firms charge monthly or annually in New York City. http://SinCityFinancier.wordpress.com/2013/10/08/survey-of-how-much-PR-firms-charge-in-NYC. PR firms charge according to work rendered and not on the maybe success of client to comply with due diligence and meet funding approval criteria. Remember, 95% of clients don’t. (*see why on paragraph 1 above)
So, the 1st step in determining what the prospects goals, eligibility, deadline, and what are they >authorizing< our IR media communications firm to do begins when they fill out the INTAKE FORM of 10 basic questions referred to on the Global crossroads capital CONTACT link at the top of this blogfeed.
The Intake Form is found on the SUBMIT POLICY link on our company website. Just below WHAT WE DO link and above the OPT-IN Fees link. The following opening paragraph reiterates the spectrum of customer service options we offer; http://SinCityFinancier.wordpress.com/2013/07/16/defining-the-narrow-niche-of-capital-categories-that-qualify-as-a-success-fee-only-referral-broker-task. We are also listed at http://www.SAM.gov.
So in closing, if someone offers you no skin in game required, no strings attached, instantly approved, "Guaranteed funding"… do not walk…run! It is probably a Nigerian Scam.