Hello Frank,

I would like to expand on an issue you brought up in this show. It might make an interesting show in itself.

Trustworthiness/credibility is probably the most important character trait when it comes to getting funded. Since trust is something that is developed over time through relationships, the standard answer we hear about how someone got funded, is through relationships.

So to ask the question more specifically, how does someone with no relationships get funded? How does one build the right relationships with the people who do have credibility with potential investors?

History shows us that the answers to these questions are a very big deal. Especially for a seed stage company that doesn’t even have relationships with customers to prove its credibility.

Great opportunities that were turned down include: the PC, Operating System (Microsoft), airplane, automobile, telephone, and so on. These businesses took years longer than necessary to grow due to lack of early funding.

We’ve all heard the stories. Nobody needs a computer at home. It took the Wright Brothers three years after they flew to get an investor. When automobile manufactures were selling over 300,000 cars a year people still said the car will never replace the horse and they couldn’t even get a bank loan to grow their businesses. Alexander Graham Bell was told people have better things to do than talk on the phone, so he had to start his own small business.

Like the above examples I also have great products, and like the above examples it doesn’t matter without the relationships with the right people. So how do I build relationships with the right people and who are the right people? For example, I would be fine with someone else running the company, but who are the people I should choose from? Who do the investors like? Who checks out with the due diligence of the investor?

The ridiculous promises are always repeated. If you make your presentation like this and that, you will get funded. If you have passion and are tenacious, you will get funded. Well one man’s passion is another man’s stubbornness. Without the right relationships these promises never deliver.

If you like, I volunteer to be on your show and we can talk about how although my products could collect about $100Billion in license fees over the life of the patents, I can’t get funded without the right relationships that indicate the type of trustworthiness and credibility which investors require, and you can choose a second guest to give me advice on a course of action.

I hope one of your shows, even if I am not on it, can answer the question of what is a first timer with a seed stage opportunity supposed to do.

Thanks, and you can learn about my products that make it possible for the smartphone to replace the PC at singlehandtextentry.com

Mat