Looking to get introduced to local VCs in LA that would be interested in a new search engine. Will pay $5 per legitimate lead.
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ROFL! [gasping for breath] I'm sorry, but I'm just not as nice a guy as Tim Berry. Not only is the idea both ludicrous and unworkable, but it indicates a breathtaking ignorance of the way startup financing works [wiping away tears].
OK, now that I’ve got that out of my system, let me try to be helpful. Aside from the fact that paying for introductions never works (as Tim so clearly explained), there are several other problems here, including who you're actually looking for (most likely not VCs, but angels) and what you believe an introduction would be worth.
Just to scale things for you, a registered Broker/Dealer (the only type of person who is legally allowed to receive money for helping make a deal) would likely charge at least “double Lehman formula” to help you raise your funding, which would work out to $100,000 if you were raising $1 million. Not $5.
But even without going there (and you shouldn't), let me suggest that you do a little research on startup fundraising, starting with the answers to What is the range of capital you can expect from an Angel vs VC?
If you really want to learn about fundraising, other good sources are the book The Art of Startup Fundraising by Alejandro Cremades, and my own New York Times best seller, The Startup Checklist: 25 Steps to a Scalable, High-Growth Business.
Good luck with your search engine!
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