Zood Labs

About Zood Labs      Zood Labs Projects

ZOOD LABS is an early stage (very early!) Angel fund. Simply put, you have a great idea and need some help to get to market. Then I am your guy. If you are looking for later stage funding, VC money and or just looking for cash flow then you are on the wrong site. Typically I am interested in companies that are looking to operate on the Internet (although I am involved with one or two small ventures that are using the Internet as a vehicle for selling physical goods). You have to be a start up! If your idea is going to change the world, then great, but I am not expecting it to. All I need is to get a decent return on my investment.

I am looking to invest anywhere from a couple of thousand to a maximum of 10k. And expect a 5-10% equity stake in your venture.

Other things you should know:

I am not interested in an idea that is going to derive revenue from advertising. Why? Been there, done that. Offer a compelling proposition for someone to pay you something for your service and I am all ears.

I need to be able to see light at the end of the tunnel. Are you the type of venture that can get to market quickly, know your competition and can be cash flow positive in a relatively short period of time? Let’s talk more.

Funding is on a monthly basis.

I don’t need to be dazzled by lengthy business plans (do not believe in them) / powerpoint slides, show me you can build something and get it to market quickly and I am thrilled.

My preferred set up is two or three founders (no employees). One can code, one can design and the third is either both and or has great business / sales experience.

The idea is that I will be making a few investments a year. Unfortunately this means I can not promise to be involved on a day to day basis, need advise, by all means I am always available to put my two cents in. Not really interested in being a board member, CEO and or Chairman of your company. If I feel that I Will bring a lot of value by doing that, then we can discuss this, otherwise you are on your own.

Like a lot of you out there starting new businesses I do have a job and this is more of a hobby!

Harsh? Maybe, just trying to save you and myself some time. Your investor should be someone that is upfront, values your time, willing to step in and help when needed and stay out of it and let you do your job. Create something insanely great! Be careful how you choose / what you wish for. Good luck!