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Advice on how to reach the correct investorExpand / Collapse
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Posted 7/17/2007 5:12:19 PM
BabyFodder

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Group: Forum Members
Last Login: 7/19/2007 7:03:21 PM
Posts: 2, Visits: 7
We are the owners of the domain www.mail.com.uy (.com.uy is the domain for Uruguay, South America) and we are looking for an investor to develop our project on the site.

The plan is to create, at first, a web portal with local news, online games, chat, blogs and, of course an email server. Then other services will come along like selling advertising for other web pages, offering streaming online content and even our own internet access.

Uruguay is a small country with 3 300 000 inhabitants where more than 50% of them are internet users (according to official sources). The main email service providers have no antispam filters and offer low drive capacity and that is the main cause for the need of a new free local email service.

Running costs will be low (we are a cheap country) and the initial investment should be around US$ 100 000 - 150 000. That should be enough for, at least the first year of operation.

I have been browsing past posts and have realized that such amount is considered small, too small to ask a VC for it and too big for me to raise between friends and relatives, so where should I go for financing?

Thanks in advance for your advice!

Esteban.-

www.mail.com.uy still on developing phase
Post #979
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