A few years ago, when I was setting up the company, I read quite a bit on putting together a business plan and the jive that goes with that — what I was particularly interested in was how to get funding. At the time I was in the process of completing an honours degree and ideas where plenty and thus seed funding was a key component I needed.
Needless to say, I was discouraged not because the process was tedious, which is, but because I could not find a format that would fit the business narrative I was embarking on.
Fast forward 7 years later — I have decided to embark on that journey again. I am still not quite sure how to pen my 'greater' idea into a format that a random stranger will have the insight to understand what I am trying to achieve. This time, I will not give up, I will pursue it till one of the two things happen:
I get funding or I fail.
Truth be told, I have never sourced out funding before. I have no concept of what it is like to get funding nor what it is like to fail at it. Being that we have hit the limit of what we (the company) can do on it's own — we are at a state where we need funding to 'grow' these ideas quicker and efficiently.
The aim of this post is to let you know that we will be sharing — barring 'intellectual property' — the process as we go along. I am still in the drafting phase. Compiling this document requires a lot out of my oration ability than ever before. I am enjoying it as I am hating the fact that this 'draft' document is not complete.
With that said, if you have before sourced out funding (in South Africa) please do share — what you can. Rumours have it that South African venture capitalist are not adventurous with their capital. Is it true?