About Jim D. Ray Expertise Jim Ray is coordinator of a regional venture capital network, serving entrepreneurs and investors seeking funding relationships. Ray is an experienced entrepreneur and is presently involved in the operations of several business concepts, including a national commercial real estate company and a web design firm. Areas of expertise include the overall startup funding process; writing venture capital proposals; and win-win exit strategies for existing private funding relationships.
Expert: Jim D. Ray Date: 2/10/2004 Subject: Altruistic Funding
Question Hi Jim ~
My name is Marty McCrea and I am an expert in the invention category on this website. I have a huge deep question for you. I need funding for a "cognitive paradigm shift" in the invention market. (Think about what that might mean.) How would I go about getting financing? This does not fit into ANY cookie-cutter business model, so what do you think? Can you help? Do you want to invest? Do you know any VISIONARY that I could talk to? Let's open up a discourse. How do I get financing for something so new and visionary that most people won't even understand why inventors and the human race in general needs this.
~ Live ~ Love ~ Create ~
Sincerely,
Marty McCrea
Answer Tuesday, February 10, 2004
9:38 PM DST
Hello, Marty:
Excellent question! Let's get right to it --
Smart investors are always looking for new products or services that will reshape our world, Marty. To increase your chances of locating a funding source, I recommend approaching as many investors as possible with an executive summary of your concept.
Remember, private investors are as unique as the projects in which they invest; as such, it may take a considerable amount of time to find a funding match for a unique or unusual idea.
Oftentimes, it is most difficult for others outside a project to envision a finalized product, or the intangible benefits that come along with a new way of doing things. This is true in all areas of our collective civilization, it seems.
I would be open to hearing more about your project, and providing unbiased feedback on the concept as a whole.
Marty, I hope this information helps point you in the right direction. Should you think of other questions or need further guidance, please feel welcome to write me again anytime.
