Backfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 1, posted (12 years 3 months 1 week 1 day 10 hours ago) and read 1903 times:
Simple. Draw up a business plan. Show that you can generate the income to pay back a loan (with interest and fees), even if the loan is tens of millions of dollars. If it's a sound plan, venture capitalists will be happy to cough up. That's their job.
Srbmod From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 3 months 1 week 1 day 1 hour ago) and read 1861 times:
Of course it don't hurt if you've had success in starting airlines up in the past either. JetBlue's founder, David Neeleman, had prior to JetBlue, been one of the founders of Morris Air, who he sold to Southwest; and of Westjet, which has been giving AC fits for some time now. His success helped to get the financing to launch JetBlue; other than George Soros, the other investors who provided the startup capital were the same ones that financed Westjet, so for Neeleman, getting the financing was the easy part.