which way should i open a start up business(casino) seek out angel investors or thru an IPO& incorporate?
Carter asks:
things to know this is a start up by a person who has no experience in the field or business in general but who has a killer idea. anyhow i also need top casino managment to sign on to make the thing possible as well . any sugestions for attaining funding-investors , angel investors, or thoughts on doing and IPO and source of advertising and getting key management with experience are and will be appreciated.
http://lucrative-ideas.com/index.html
things to know this is a start up by a person who has no experience in the field or business in general but who has a killer idea. anyhow i also need top casino managment to sign on to make the thing possible as well . any sugestions for attaining funding-investors , angel investors, or thoughts on doing and IPO and source of advertising and getting key management with experience are and will be appreciated.
http://lucrative-ideas.com/index.html
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On-line/Internet casino? Physical casino? What country would you be establishing it in? If it’s the US, what state? Some of these answers might determine which way you go. But I can tell you for certain, that if you do an IPO, unless you retain 50% + 1 share of the stock in it, you could lose control of the casino. With angel investors (I think I’ve heard this term before, and that would be private investors) you might have to give up some control, maybe, but would probably retain more than with an IPO. Plus usually and IPO is done after the business has been established for a while, and has had revenues and profits. I have never heard of an IPO done for the initial funding for the company.
1st of all. There are distinct advantages, I believe, to incorporating. One is that you are protected if the business fails. Creditors can not attach your personal assets, only the assets of the business. As the 1st responder mentioned an IPO is normally only successful with an established business, not always though. There were many IPOs during the dot com euphoria that were successful based only on a pie in the sky concept. But I think in every case, the investors were left holding the bag. Many successful businesses have been started with angle investors. The trick is finding one. Normally, they are relatives but not always. The trick to finding an angle investor is being able to sell yourself.
Casinos are in general capital intensive if they are of the bricks and mortar type. Think $50 million.