Despite two in three entrepreneurs looking for capital to expand their businesses, over half admit to be “concerned” about access to capital.
Perhaps in reaction to this, several online portals that claim to connect entrepreneurs and investors have launched in the past few weeks. But how useful are they, and more importantly, can you rely on them to find investors?
One new website service that claims to put entrepreneurs in touch with “savvy” investors is www.teamup2gether.com. Founder Jana Thanga says the site will help start-ups and growing businesses to find seed funds or angel investors.
“Although we are in a tough economic climate, there are still many investors looking for really good business ideas that will grow over the next few years,” she explains.
Thanga says she has contacts with a wide range of investors in both the UK and worldwide, and that the site has already generated “considerable interest” from a large number of entrepreneurs. But teamup2gether.com is also – of course – seeking new investors for the service.
On the other side of capital raising – through private equity and venture capital, which 28 per cent of you are considering doing, according to Investec’s latest entrepreneur confidence index – another website, www.realeconomyfuel.eu, has also just launched.
The site aims to bring together entrepreneurs, investors, policymakers and academics to act as a forum for what role PE and VC can play in the “real economy”.
The site, backed by the European Private Equity and Venture Capital Association, will also offer news and research relevant to the sector.
This will no doubt be a useful port-of-call for entrepreneurs looking to network with PE/VC firms – which could potentially result in a successful investment.
Although, of course, the new adage “the most successful form of social networking is a hand-shake” still holds true, watch this space to see how entrepreneurs increase their usage of the internet as a way to find and raise new funding.