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David E. Gumpert, author of the baking business plan is to do a presentation he and his partner, often with others about the meeting, several venture capitalists, after sending their business plan What is the story of a failed funding. Disappointed with the results of their labor, they considered giving up the venture in 1995. Fortunately, on the advice of the advisory board, they chose to divert their time from the massage business plan to make sales. Funding, he said, comes later.


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It was found that enough sales to stay until 1996, they floated. In 1997, sales are now so could not grow as expected, decided to seek funding again. This time, they have positive results, they are pretty well established now, after all, we hope to make it easier to obtain. The Board, however, out there to promote their business, instructed to make more sales.


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Gumpert and his partner, instead, spend a lot of time to rewrite and update their old plan business plan dust, decided to set up again and asking for money. Again been rejected. What will it? In the late 1990s, it seemed like a new Internet-related ventures all over the world get a loan. In fact, Price Waterhouse Coopers, MoneyTree study sponsored by the National Capital Association and Venture Economics, said the amount of venture capital - $ 7.7 billion in 1995 - an increase of $ 16.4 billion in 1997.