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Posted by Clare McDowall on 2013-12-18 19:39:11
Title: I've heard that it's almost impossible to get VC / Angel funding for a service based business becaus...
Category: Money

I've heard that it's almost impossible to get VC / Angel funding for a service based business because they can't scale up significantly, nor look for a buyer in order to exit - and recurring profit share isn't attractive. Is this true? What do you suggest to scale up a service business?

Answer:

Conrad Page
2014-01-07 11:30:51

Hi Clare,

Thanks for your question on YouInc.com!

Finding an investor can be tricky business. Below are a series of answers from YouInc experts related to questions from YouInc members that we believe you may find helpful.

Our expert answer from Roger Pierce outlines some primary considerations when contemplating securing external investment:
https://youinc.com/question/my-partner-and-i-will-be-launching-a-newly-sl31ug

Further, our expert from Industry Canada has provided some helpful investment resources:
https://youinc.com/question/is-there-a-group-of-wealthy-and-experienced-sl55ug

In addition, this response from Yung Wu outlining his framework when considering a business investment is extremely insightful:
https://youinc.com/question/what-are-the-3-top-things-investors-look-at-in-sl44ug

We hope you find these answers helpful as you begin to scale up your business and approach potential investors.

Thanks again for your participation. Please let us know if you have any follow-up questions.

All my best,
Conrad, YouInc.com Community Manager