Looking for an Investor or Partner

Terry and mminstx the reason I don't want to deal with LindaJ questions is because she has no real interest in what I am doing . Her husband had posted several postings on this thread that were so caustic that the moderator had to remove them. The comments are gone so it appears as though I am not wanting to deal with her questions for no reason. Immediately after his comments were removed she started her questions which from anyone else would be innocent questions. If you had seen her husbands comments, you would know that what she has to say is not from an interested individual but from someone who is trying to passively antagonize me.. I have no problem answering legitimate questions from legitimate people. And the answer to all of your questions, is yes I have looked into all of the things you brought up and I don't see a problem with any of them.

Why do you think that was Linda J's husband? I don't know them, but it's no secret on here that Linda's husband is Ric. And I have never seen a post from Ric that was not pleasant and helpful.:S

This is not about Linda J or her husband. This is about moving my company to St. John and finding an investor or partner who can make that happen.

There is SBA assistance here - the EDC program exists to help new business move here - but it would require a business plan with details such as realestate possibilities, locations, business license applications, tax letters, financial info, marketing surveys, raw material costs and availability, export shipping costs and planned shipping agents, employment opportunities for residents and probably a few more documents and written business plans.
If you have thought out and formulated a solid plan you should be able to borrow money from reputable institutions.
Perhaps the Bahamas, Jamaica, the 2 ? St Martins, or the Caymans would offer the same made in the Islands cachet better than STJ which is one of the most expensive small residential islands in the Caribbean. And probably a more traditional approach to raising capital which would involve all the above preparation would be more productive than the very argumentative thread this has evolved into being.
I am sure you have a detailed business plan and done the extensive research needed to interest an investor but doubt this venue is a viable venture capital site.

Exit Zero
You make a very good point....If anyone is truly interested in my project send me a pm, be prepared to identify yourself, with contact information. Thank you for your time and interest....I am hoping to not have to post any additional defensive material on this thread.
Have a good day....and good luck in all your endeavors.
Richard Fletcher

Unrelated to the original thread but relevant to the bickering...

I just want to throw in that, as a lurker here for years who has recently decided to be serious about moving down there, I think you St. Croix folks are lovely. My VI dreams began with St. Thomas because I have visited and fallen in love, but it is you kind people who have made St. Croix a viable option for me. I find you all to be the opposite of the negative opinions held by the originator of this post.

Hugs!! 🙂

Laura

Richard - This discussion may be illegal.

That's the impression I got after reading Attorney Bolt's blog article on soliciting investors. His article was posted a few days after this discussion started, and it warns readers that there are federal & local laws about how to solicit investors as well as laws about who can invest in a company. I can't imagine Bolt doesn't monitor this forum, and so the article was probably created because of this discussion.

Bolt's article even goes on to list questions you should have answers to before you meet with him. Here's the questions:

How much money do you need to raise, and what will you use it for?
Do you have a good story?
How will investors make money?
How will they exit the investment?
Can you demonstrate that they may make a decent profit if all goes according to plan?
Is your company the type of business that may be attractive to venture capital investors, e.g. potential for rapid growth and high investment return with experienced management team?
If so, have you researched whether there are any venture capital funds that specialize in your industry or in the U.S. Virgin Islands and obtained information on their investment criteria?
Have you contacted the Virgin Islands Economic Development Commission to determine if there are local angel investors that may be interested in your company?
Have you researched their investment criteria?
Would your company fall within the range of what they are looking for?
Do you have a group of friends and family who may be interested in supporting your business and who also have the financial means to help you out?
Is there a licensed broker-dealer who might be interested in helping you raise capital?

T'was a very timely and well-crafted post. Read it at http://lawblog.vilaw.com/2011/07/articles/corporate-financial-services/raising-capital-in-the-us-virgin-islands/

I see entrepreneur's soliciting investors all over the internet and providing much more info & discussion than Richard has done here. So Bolt's post was confusing to me as I never thought there was anything illegal about this. No I'll have to research this topic soliciting investors some more.

With all due respect, and take this from experience, and any way you want, but you are opening up a can of worms that YOU don't want to do. Everything seems cool and breezy on the surface, but try and get good help will be a task, Then, have you researched the costs associated with bringing in YOUR stuff to a foreign port? The taxes and duties may be out of sight. Then, understand the so-called labor.work force there BEFORE you relocate. Just some advice. It's hard enough for most to move and live in the VI, let alone TRYING to work and get something done!