In working with the late Charles F. “Fritz” Spademan, Chairman of The Money Finders, Inc., most people who wanted third party private funding disqualified themselves from the process. They wanted their enthusiasm and vision to replace building a plan, networking with the investment community, and having to give up any portion of their ‘baby.”Others see the value of bringing in outside capital and expertise in order to make their project grow and prosper.
Since his wisdom is now up with him and all the angels, here’s a video course from Stanford University on preparing your idea and business for a third party influx of expertise and funding. The course is titled Entrepreneurship Through the Lens of Venture Capital: http://www.youtube.com/course?list=ECD4B36B6CAFD3E907