I know that I cannot get a real answer to my question here, since the potential VCs are NOT going to waste their time here. But still I want to ask : Is there anybody out there who have successfully taken an idea into a successful business ? What are all the hardships faced? How many doors did you knock before getting that YES from a VC? Because I have been thinking of creating a high volume traffic website first and then make money by online advertisements. The question is when to goto VC? Should we have a business plan first? How do we convince that my business model is commercially viable? Online advertising reached almost 13 billion dollars in 2005 and its supposed to go up as we go ahead in time!The next question is once we have a high volume traffic website, how do we contact the Online Advertising media? Will they come automatically to us or we should again starting knocking doors? Some insights on this will be very helpful in me deciding whether to go ahead or drop out!
Wow! Thanks for going the EXTRA MILE to answer my questions. My idea was to NOT waste 3 years in building ah igh traffic website. Plus good thing is I am not going to sell any product as there are already crowded player. My thing is to try something which hasnt been done before – atleast to the best of my knowledge. But I am impressed by your matter of fact answer! Hats off to you!
