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4 Replies Last post: Jul 9, 2010 12:03 PM by southernstar

New Business Opportunity

Jul 8, 2010 6:51 PM

Click to view mgrops's profile Start-up mgrops 1 posts since
Jul 8, 2010
We are a start up pharmaceutical company. Our board will include 2 Doctors and 1 Pharmacist. We have great marketing people and know ways to save us money on the marketing for the company. We have the director for the commercials and the management staff for the business. We also have a comprehensive and outstanding business plan.

This brings us to the root of our problem. How do we find private partners? People usually only get to invest in stocks. I have seen too many companies file bankruptcy, get rid of stockholders, only to emerge out a few years later free of anyone who had invested in the "old stock". They then reissue the "new" stock and who lost out on this whole thing? The people who purchases the "old" worthless stock that was not worthless when they purchased it with their hard earned money. We feel that people should be able to invest in a business with our potential with out worrying that their money will be stolen from them by using the "one of the old stock holders" scam. In addition they will share in the profits of the company and not a few cents per stock offered by public companies.

My question is how do we offer the partnership/investments to perspective investors? It seems that offering the investment on the internet means that you are dealing in the Wild Wild West. It is hard for a real company and real investors to find each other. There are so many scams out there. Do you go through a broker? If we want to use a broker, how do we find one who works with start-ups?
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Click to view LUCKIEST's profile SCORE LUCKIEST 8,368 posts since
Aug 6, 2007
1. Re: New Business Opportunity Jul 9, 2010 9:18 AM
New Business Opportunity

Great question Deborah. I would start with your Lawyer. Next I would contact SCORE on line.

SCORE is FREE and online you can choose a counselor (or more than one counselor) with the specific background that you want or need. SCORE is a great FREE service.

Good luck, LUCKIEST
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Click to view KathleenF's profile Mogul KathleenF 95 posts since
Jun 17, 2010
2. Re: New Business Opportunity Jul 9, 2010 11:46 AM
in response to: LUCKIEST
You can find a local SCORE office through this link:
http://www.score.org/findscore/index.html

Kathleen
Click to view southernstar's profile Professional southernstar 2 posts since
Jul 8, 2010
3. Re: New Business Opportunity Jul 9, 2010 11:55 AM
in response to: LUCKIEST
Thank you for the advice. We had been working more with VC/Angels. We worked with the lawyers on the contracts and the business plan but they do not have the financing resources that we need. We have not worked with score previously. We will continue to seek private investors and will also contact score and see if they are able to help us in this area. Our on line pharmacy will similar to Liberty Medical only we will offer a more complete product line with extensive social and informational web site. Score may be able to guide us to the resources that we need to reach the experienced private investors that we are seeking.
Click to view southernstar's profile Professional southernstar 2 posts since
Jul 8, 2010
4. Re: New Business Opportunity Jul 9, 2010 12:03 PM
in response to: KathleenF

Thank you, I have contact score and I am working with them on the proper way to find the funding that we need. Their mentors have excellent credentials. I believe that the mentor I have contacted will be a great resource for us. Thank you for all of your help.


Debbie Smith