Early Stage Funding · Seed funding

How to evaluate if funding offer is legit, safe and worthy?

Anonymous

February 9th, 2017

Imagine you receive an email saying "I seek a reliable business partner for a profitable investment. Would make funds available for any good project in your location, for more details and further discussion contact me via email". Does it sound like a serious funding proposal or more like a scam. What will you do in such a situation? To me it sounds like there is a pile a money somewhere that must be washed through any business in any location.


Appreciate your thoughts.


Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

February 9th, 2017

Have your attorney make the contact on your behalf and get the details. People who may have sold a business and are looking for their next opportunity may run an ad such as the one that you describe. But it may be a scam. An attorney who has been around the block once or twice should be able to tell the difference after they ask a few questions.

Dane Madsen Organizational and Operational Strategy Consultant

February 9th, 2017

It is a scam. You will get many of them. This is not how funding occurs.

M D

February 10th, 2017

When it sounds too good to be true it almost always is. Legitimate business investors will not be sending anonymous emails to strangers hoping to get a response to their vague proposals. A message lacking in common sense cannot be "legit, safe and worthy".

Steve Sisler Information Architect | Inventor

February 9th, 2017

Scam

Stan Zhekov CEO, Reverd.com

Last updated on February 10th, 2017

scam