Were you able to get funding for your startup?
Yes, but not as much as we need.
Good.
Yes. It is exciting.
How much capital have you raised so far?
$10,000.
How much more do you need?
We feel we will need $40,000 of over head.
Are you looking for investors or loans?
We would prefer investors but we might need to take out a loan.
Who are your investors?
We presented to a few venture capital groups and got $10,000.
Good for you.
Do you know of anyone else?
I know a few angel investors.
I would prefer angel investors over taking out a loan.
I can give you their contact information.
That would be great.
Why don’t you want to take out a loan?
Because I don’t care too much about my equity in the company.
I see.
Also, I definitely do not want to pay interest in case things don’t work out.
That is smart.
Thanks.
It’s better to be safe than sorry.