[hnbd]

Yes, I'm sorry to join the crowd, but it does seem like you need to adjust your expectations.

Ideas are great but what's better is an idea with a business plan; especially to an investor. This is especially the case if your idea doesn't clearly identify a revenue source. Unless you have a reputation or history creating successful start-ups, you shouldn't expect to just have someone take your word and believe that your start-up will generate revenue. There may be investors out there that just take chances like that...I wouldn't know. But I still fail to see the fault in his expectations I guess.

[aherlambang]

It seems that you guys are misunderstanding my point here, I take this VC's point of having to show a proof of somewhat the business be profitable. I understand this very well. If I am positioned as himself, I would be asking the same thing.

What I don't like about it is the business plan that he's asking us to write.

I know getting money from people is hard, I am not expecting him to write me off a $100k check based on what I have. My point is that is it necessary for a business at this point.