Ask HN: What are some ways to raise money for a startup?

Re:Ask HN: What are some ways to raise money for a startup? by jamesjguthrie on Thursday January 17, 2013 @07:21AM (#5072239)

IMO, the easiest way is to borrow from a bank.

If you're in the EU the EC give out startup grants. In Scotland we get them through our local Councils.

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Re:Ask HN: What are some ways to raise money for a startup? by merinid on Thursday January 17, 2013 @09:11AM (#5072699)

Practically impossible to get a loan for a startup in the US :( Anyone have experience with this? Would be very curious to hear about it.

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Re:Ask HN: What are some ways to raise money for a startup? by bobbaddeley on Thursday January 17, 2013 @09:17AM (#5072728)

We've tried this. Banks won't loan unless you have prior success in that business. Only a few do Purchase Order financing (where you show them a list of pre-orders that you need money to service) and it's expensive and also requires prior success. All would require a personal guarantee. I had one tell me they wouldn't loan unless I had the amount of the loan in an account at their bank. What's the point of that? Generally speaking, U.S. banks are worthless for startups, unless you want to fund your business with credit cards.

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Re:Ask HN: What are some ways to raise money for a startup? by merinid on Thursday January 17, 2013 @10:31AM (#5073145)

actually there are a couple of VC Banks that do this (again generally further stage companies). I know http://www.triplepointcapital.com/ does this (they invested in our startup, but for equity).

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Re:Ask HN: What are some ways to raise money for a startup? by jamesjguthrie on Thursday January 17, 2013 @09:48AM (#5072882)

I really meant get an unsecured personal loan and finance your business with it. Surely can't be that hard in America?

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