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  4. Start-up funding scarce. Who was to blame? – Los Angeles Times
« ‘Super Angels’ Shake Up Venture Capital – BusinessWeek
Everything startups ever wanted to know about advisors, Part 1 – Venture Hacks »

Start-up funding scarce. Who was to blame? – Los Angeles Times

1 Jun 2009   | Money Finders

Tags: fundraising · mistakes

LINK TO ORIGINAL ARTICLE:
  • http://www.latimes.com/business/la-fi-cover-garcia31-2009may31,0,1540715.story

Hattie Bryant and Bruce Camber said they were thrilled when John Garcia told them he had made a fortune as an entrepreneur and could help their company make it big too.

Swayed by his sales pitch — including his claim that he had scores of people lined up to invest in promising companies like theirs — the Irvine couple said they paid Garcia $50,000 in fees and then waited for the money to roll in.

But in the end, the married couple claimed, Garcia didn’t find funding and tech support for their 14-year-old company, Small Business School, which produces videos for public television stations.

”When you hear his story, you go, ‘Wow, he would be a great partner,’ ” Camber said. ”But we learned that if anything seems too good to be true, it is”

>>> READ MORE at:
  • http://www.latimes.com/business/la-fi-cover-garcia31-2009may31,0,1540715.story
« ‘Super Angels’ Shake Up Venture Capital – BusinessWeek
Everything startups ever wanted to know about advisors, Part 1 – Venture Hacks »

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