FamilyMan Asks

I already have a patent and a business plan put together. I know I need about $100 million to for start-up costs and to cover expenses for the first three years. Most banks will not lend that kind of money no matter how good your business plan is. Where can I go or who can I talk to about borrowing that kind of money?

Mr BizPlan Answers

The only place you can get that kind of money is through an IPO (going public) but before you can do that you have to have a track record of (extreme) success. 

I would consider scaling down the project down or rolling it out in phases. $100,000,000 is an unreasonable sum of money to request for a startup.  You could start with 5 million or 1 million (or less) - which is still difficult sum of money to obtain but at least you would have a fighting chance.

Further, you shouldn’t need three years worth of capital to get to breakeven.  Most investors look for a three to five year payback so if you are just starting to make money after three years you won’t find many interested investors.  The quicker you are profitable the better. 

You could also try an online angel capital network such as the Go Big Network.

Good Luck

Mr BizPlan