Small Business Plan Exit Strategy

Can a 16 year old teenager go about talking to a venture capitalist for funds?

I have a multi-million dollar business plan written out (executive summary, product, projected growth, marketing plan, operation plan, exit strategy for investors, etc.) and I would like to talk to venture capitalist for funds, how can I go about doing so? And I am not looking for a small business loan..

I would talk to a business attorney if you feel you have a million dollar plan. You need legal representation. At 16 you are not able to enter in a legal contract in the USA. Your parents have liability for you and is why you need legal assist.

It is best to incorporate the business first, build it on a small scale, and money will find you. Unless you have the next facebook-myspace type of idea venture capital will be tough right now, esp if you have not tested your plan at all.

FYI: VC money tends to end up controlling and owning the business. Never give up more than 51% of your company or the majority of shareholders could fire you.

Start small and see how it works.

Good Luck!

http://www.inc.com/articles/2001/09/23461.html

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