How can I obtain venture capital without applying for a bank loan?

Question by sham8450: How can I obtain venture capital without applying for a bank loan?
I am starting up an online business and I need startup money. I dont have good credit so bank loans are out. I dont know how to apply for a grant. I dont have any rich friends or relatives. Is there a way?

Best answer:

Answer by Jeff
Develop and document a business plan. If it has good ideas, you can shop that around to venture capital organizations, who will want a piece (probably control.)

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