Business 1M Partner needed for new social media site (SALEM)
Entrepreneur with niche social media hybrid website venture with a well-developed business plan and unique concept needs ONE investor... ONE partner... ONE angel... ONE MILLION.
Projected net profit of $18M by end of third year. Exit strategy by year seven.
1. $150k to develop, build, and implement site and mobile app over next six (6) months, with beta launch scheduled for 1/1/2016
2. $750k for first year operating expenses
3. $100K to build and roll out second year features
Partner can either structure the relationship to get a 25% equity interest in the company, or a long-term loan to be repaid with interest in increments after launch over a three (3) year period.
SERIOUS INQUIRIES ONLY with proof of funds. You would be a silent partner.
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