I own a security company and firearm manufacturing startup that I’ve been looking for in state investors on but have had no luck. Does anyone here invest or know of any leads?
-
ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info
Where to find private investors in GA?
- Thread starter Shags
- Start date
-
- Tags
- business investment investors
I only know meddling kids, sorry!
Probably going to be hard to find with everything that's going on with politics and guns these days. That's a scary market to enter into with a large sum of money. Probably going to be high interest rates at the very least.
They'll likely take equity stakes, not charge interest. Then they have some say in the company's management. There is a cluster of angel investors working with Georgia Tech but I'd bet they are more interested in seeding higher tech start ups than a manufacturing one. YMMV!
What your looking for is referred as Angel investing, there are networks that host events call it open mike night for pitching an idea
I found some folks to help you out! https://abc.com/shows/shark-tank
Ozark.....ask for Marty
Let me know where to send my tree fiddy.
1) Get your business plan, including reasonable financial projections, in shape. Lots of online help for how to do that.
2) Practice your pitch: You should be able to make a compelling case that the investment will have a good return, worth the risk. You should be so practiced in your pitch that you can recite it will sleeping.
3) Take that pitch and your business plan, and start with banks, and possibly the Small Business Administration (SBA) lenders. Borrowing is usually easier than finding an investor for a business like yours. Start networking with those folks, even if they turn you down. Bankers, business lawyers, CPAs, etc., typically have investors in their networks. Sneakypete is right: You can find those folks hanging out in networking groups of their own.
Your best bet is to bootstrap the security business as best you can, and use the profits from that to fund the manufacturing startup. Once you have a working business generating profit, discussions with investors become MUCH easier.
Also, beware, the nature of your business will turn off many potential investors. "Social responsibility" is a big deal in investments these days, and at least half the population won't view a firearms related business as that. One more reason to self-fund, if you can.
