I had a great talk recently with a video producer who has come up with an innovative idea for music fans around the world. Now, I can’t tell you his idea yet, even though it’s actually really exciting, but I can tell you about some advice I was able to offer him. (Also, when the video producer is able to make his business public, I’ll write about it in this blog).
To get up and running, the producer needs to find a place or a way to raise some money to buy all the cameras that are needed for his business to be successful. He needs less than a million dollars, which means that no Venture Capitalist will be interested, because they are looking for much higher numbers to invest. (more…)