I wasn't even good at asking my dad for my allowance, for cripe's sake.
July 13, 2011 8:04 PM Subscribe
I have the reverse problem of most startups... within two years I built a solid and unique brand, with a high media profile and street cred, proven content and products, and a passionate audience of over 240,000 people and growing. But although people congratulate me daily on my success I'm literally exhausted and starving. People circle me daily wanting to "sponsor" me, but I've found most of them want to make money *off* of me, not pay me and help me grow. Fact is, I'm accepting now that I just can't do it all by myself and I don't even WANT to... but I'm a victim of my own quick success. Without a staff and resources I can't expand, grow and monetize as I *need* to in order to meet the demand.
posted by miss lynnster to Work & Money (42 answers total) 23 users marked this as a favorite
I don't have any money left though, so I know that without angel investors or funding, I'm sunk. And frustratingly, I don't even know where to start to get funding or attract angel investors... I just don't know what to do (or not to do). It's so out of my element! I'm constantly told that with what I've built I should be able to get angel investors *easily* so I bought a book on it, but I couldn't even get through the thing. I went to art school to avoid math and I've never been good at borrowing, but I need to grow up and learn because this means a lot to me. Soooo... all the advice you can give me (in laymen's terms, please!!!), I'd appreciate.
BTW businessmen *have* tried to acquire me, but even though I need the money I turned it down because they wanted majority share. They were lowballing and it's too early for me to sell, I know it would've broken it and it would've ended up a daily deal site. There's SO much potential and public interest in the ideas I have... it KILLS me that my lack of money cuts me off at the knees because I am so excited about the cool stuff I want to do!!!
I was asking Craig Newmark for advice one day and emailed "I can relate to some of the struggles you had starting craigslist." he responded, "Not sure what you mean, I didn't have struggles." Then I remembered... he had money!!! It was a bit of a wake up call. I'm really doing this the hard way... and I'm tired of it. helllp!