40Billion.com just hit $100,000,000 in raises!!!
November 26, 2012 Leave a comment
We just hit $100,000,000 in raises!!! Congratulations to all of our entrepreneurs who’ve raised money on 40Billion.
Blog of 40Billion.com, the entrepreneurs' social network!
September 1, 2010 1 Comment
We’re busy developing an innovative new product to facilitate short-term “commercial paper” loans for operating expenses. This will be available as a new funding type and a great potential solution to the short-term liquidity problems of millions of existing small businesses in America.
What is commercial paper (CP)? CP is an unsecured Promissory Note with a fixed maturity of 1 to 270 days. Think of CP as an IOU (i.e., “I owe you”), lasting from a day to nine months. It is issued to investors who have temporary idle cash and want to earn a decent return, perhaps even while helping out a friend/family member’s business with short-term liquidity (i.e., cash) needs to cover operating expenses or current assets.
But we’re creating a 21st century version, and never before has CP been offered as a solution for small businesses in the way that we’ll unveil in just a few weeks. Here’s a clue: It’s like Facebook and eBay for microfinance. Got it? Stay tuned, and check out 40billion.com for more info and the big launch date!
July 28, 2009
Innovative Tools Help Small Businesses Access Loans and Resources by Networking Online
ATLANTA, Georgia – July 28, 2009 – 40billion.com (http://www.40billion.com) launched new features to enable small business entrepreneurs to raise capital and access startup resources through friends, family, and others in their communities and social networks.
Most small businesses startups fail due to lack of adequate funding and resources, and there is a $40 billion gap in seed funding. By combining innovative tools with the power of the Internet, 40billion.com aims to bridge the gap and enable millions more small businesses to succeed.
About half of all new businesses seek financing from the entrepreneur’s friends and family, but it can be difficult to communicate business ideas and to manage funding relationships with many people. 40billion.com simplifies everything by enabling entrepreneurs to create business plan profiles and launch fundraising drives that are viewable anywhere via the Internet. And it is free to sign up and get started.
Entrepreneurs can broadcast their business ideas and funding requests to friends and family, even post them on popular social networking websites, and the service allows many people to make loans or gift contributions ($25 up to $10,000) in support of a business, while easily tracking and receiving notifications online.
Furthermore, lenders and borrowers may download a promissory note template, which they can use to formalize business loans in a more professional manner. Loan interest rates are negotiated between the lenders and borrowers, and 40billion.com emails notifications when funding offers are received and reminders when payments are due.
As an incentive, entrepreneurs may offer product discounts and freebies in exchange for low- or no-interest funding and other much-needed resources. Soon, for added confidence, those providing the funding will be able to track how the entrepreneur spends the funds that are raised.
There are additional features available exclusively for members, including the ability to schedule online business plan presentations, an open database of service providers, a job board for posting and browsing startup jobs, and a discussion forum (a.k.a., The Elevator) where everyone can share ideas and tips about what works and what does not. Members can even follow a company as it progresses, by signing up to receive alerts whenever the entrepreneur posts company updates.
Advantages over banks and other lending websites
Advantages over conventional friends-and-family loans
About 40billion.com
40billion.com helps entrepreneurs raise funding for new businesses through friends and family rather than through traditional financial institutions. Using the Internet-based service, entrepreneurs connect with their social network – friends, family, friends of family, colleagues, and others in their communities – to raise capital. 40billion.com’s scalable platform facilitates the funding requests and transactions to make it easier for an entrepreneur to manage many funding relationships. 40billion.com is patent pending. For more information, visit http://www.40billion.com.
February 4, 2009
We’ve added new features to help you raise money and find resources for your business:
* FREE JOB POSTINGS
Looking to hire new employees or contractors for your business? Create a job posting that is visible to thousands of professionals and others seeking employment every month. It’s free!
To post a job, just sign in, click ‘Search’ and ‘Post a Job’.
* PUBLIC PROFILES
Now, you can choose whether to make your Raise (fundraising profile) private or public. By default, your Raise is private so that only invited friends and family can view it. However, you now have the option to make your Raise public so that anyone can view it (without an invitation and without signing in).
To make your Raise public, just sign in, click ‘Edit’, and uncheck the box next to ‘Make Private’.
Please continue to send us your feedback. 40billion.com was built for entrepreneurs, by entrepreneurs, so we welcome your ideas on how to make it better.
Who Really Invented the Lightbulb? Really?
June 18, 2012 1 Comment
Did you know that Thomas Edison did NOT invent the light bulb? Really, he was just the first to successfully bring it to market and raise awareness of it.
Successful entrepreneurs don’t focus on the fear of someone stealing their idea (especially if you have a patent). They focus on executing on the opportunity by bringing their idea to market.
This is what the 22 inventors of the incandescent light bulb before Thomas Edison FAILED to do.
That’s right. Twenty-two inventors had the idea before Edison, and Edison didn’t necessarily steal their idea. He just did a better job of taking it to market, and this is where the value is.
If you have an idea, protect it, and then you can just focus on executing and bringing your product or service to market successfully.
Did you know that 40Billion provides an informative business startup guide for protecting your ideas and intellectual property through patents, trademarks, copyrights, and NDA’s?
Download the short MP3’s and listen to them on your computer or in your iPod, while at home, in the office, or on-the-go. Then, download the easy-to-use templates that come with each startup guide.
Go to http://www.40billion.com/startupguides/ today.
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