People talk about angel funding, VC but most of them are living in delusions of megalomania. Unless your idea is developed, has several use cases and customer testimonial and a steady steam of revenue in the near horizon, Indian VCs will not even touch you with a barge pole. There is a gap of seed funding and incubators who are there to genuinely support you turn your dreams into reality by helping you with small amounts of funding needed to create a proof of concept and refine your business case. Most genius ideas are hatched over a mug of beer, but unless you are able to convert the idea into something tangible, nobody will understand you.
Today I received my first listing at the P2P crowd-funding platform that I was developing. Please help me to plug this gap and help budding entrepreneurs.
Samuhik is plugging that
One thing that always baffles me that: Most banks charge about 15-27% on personal loans while they pay a minuscule 7-7.5%
These days, I am exploring the merits of creating a platform through which a person (esp. Indian citizens) can seek loan from their friends and family. This way the borrower can have access to cheaper credit, while the lender could either earn higher interest rate or get the satisfaction of helping a friend in need. (And being a friend indeed)
The features that I was seeking were:
1. Ability to connect to various social networking sites: Facebook, twitter, linkedin
2. Ability for an individual to bar certain individuals to know that they are in need of money.
3. Viral Marketing: A person can endorse his friend and spread the news of his requirement amongst his friend circle.
4. provision of anonymous lending (you can help your friend without him…
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