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Originally Posted by John Doe
Get ten of your closest friends to take out low interest credit cards and give you venture capital in the form of cash advances and then sell them subscription agreements in the business in return. Just make sure you don't raise over $1M and your members (subscribers) are all residents of Conn., or you may run afoul of Reg D and have to register as offering a security.  |
Actualy the amount would be a bit over $1M, maybe an Amex black?
He is in talks with a large bank and a possible group of VC out of NY, but I'll run the Visa idea by the big boys when I want to give them a good laugh.