To entertain or not to entertain possible funding avenues...

Well folks it has been the topic of discussion between Chris, Ruben and myself for some time now whether to go for Venture Capital, Grants or Traditional loans. I say that it is too soon for us to be even considered for any type of Venture Capital. Plus (here comes my excuse) we have been so wrapped up in the development, "other" features and vertical products that we have not had enough time in the day to finish our most important asset the Business Plan. (which I might add that is about 90% complete).

I will admit that I do fall victim to the entrepreneur that likes to start companies but doesn't like the risks that go along with it. Don't get me wrong I like the risk just not the one that is tied to possible financial windfall. There was a perfect example in the December 2005 Inc. Magazine's issue that pretty much sums it up by Norm Bradsky "How Much Risk Can You Take?".

So the question we keep asking ourselves over and over is do we bite the bullet and just go for the grant, loan or venture capital? (This means more time in researching funding possibilities, filling out applications, and or writing grants and less time to continue on building and marketing our product) Yeah what do we have to lose right? But the question that comes to my mind does our product have what it takes? I think that there is a possible trend here for public communication awareness software that is growing at an alarming rate. And we are here at the right time with the right product! We all three believe in our product whole heartily and in our company First Siren, Inc. and have no doubt that when we pass this initial stage of building First Siren, Inc. That we are going to be a major player in the public awareness software industry.

Thanks for listening
Henry