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History Money Finders was started in 1969 to address a perceived opportunity to:
Virtually all businesses in this country started as small businesses, and the failure rate in the 1960’s, when Money Finders was founded, was astronomical! Fifty percent of new businesses failed in 18 months. Most didn’t have a clue why they failed, but certainly, in the minds of their founders, it was lack of sufficient capital. They thought they needed a rich uncle. In the 1970’s, several loose partnerships were established, so that all could enjoy the flexibility of a common effort of the entrepreneurial clients and, in some cases, share investors. In a few cases, combined resources were organized to assist larger projects. In the 1980’s, Money Finders assisted Attorney Fred Hoops and several interested money brokers and venture capitalists in bringing companies operating as money finders under the auspices of the Department of Corporations and Securities of the State of Michigan, and helped form alliances of money finders with similar efforts in other States. In 2003, Money Finders was incorporated as a Michigan Limited Liability Corporation. It is supported by 15 Associates, a Board of business executives and experts, and a solid core of Registered Investment Advisors, who are licensed as Money Finders. Our association members work in teams to raise money for entrepreneurs, helping make the process economical. Unlike banks, mortgage companies and venture capital companies, Money Finders has no up-front fees, and you don’t pay us anything for finding money until we are able to deliver it. Our modest commissions are not due until the closing between the Entrepreneur and the Investor. We do provide additional work, if you need it, such as writing business plans, market research, business valuations, due diligence, and business consulting, on a fee basis, but we do not require that you use our staff for that work. However, we do need complete business tools to do our job. Those tools include a suitable Business Plan, an Executive Summary, a “Deal Sheet”, an “Elevator Speech” (50 words or less that quickly tells your business story in a compelling way), and a Subscription Agreement, a Promissory Note, or a Contract. To work with us, we will start with a Confidentiality Agreement, which says basically that “You don’t tell my secrets, and I don’t tell your secrets, except in the thoughtful pursuit of finding suitable investors for you”. After that document is signed by both of us, we ask you to send the business documents for our examination, upon receipt of which we review our potential for finding a suitable investor(s). Most (nearly all) of our investment comes from “Angels”, i.e., individuals of high net worth, who like to help entrepreneurs, get a thrill of being identified with an interesting new business, and/or hope to get a high return for the risk they may be taking. After our review, we will present you with a contract for our efforts and our fees. Remember, we will not receive these monies until and unless we raise the money for you in the agreed manner and amount or amounts. We will keep you informed of our progress on a regular basis and will exhaust our contacts, if need be, to attempt to fund your project, should we accept it. Credentials Money Finders, Inc. operates under the guidelines of the following organizations as Registered Investment Advisors & Money Finders (RIA/MF). IARD - Investment Advisor Registration Depository NASD - North American Securities Dealers SEC - Securities & Exchange Commission NASAA - North American Securities Administrators Association OFIS - Office of Financial Insurance Services for State of Michigan Geographic Focus Because Money Finders, Inc. is registered in the State of Michigan, 99% of all entrepreneurs and investors are Michigan residents. When it becomes necessary to support interest from outside Michigan, registration and necessary licensing is obtained as required by the specific State in question. When requirements dictate out-of-state support, Money Finders, Inc. has Associates with expertise in Interstate Commerce, International Business and Global Banking, and affiliated support organizations supporting legal and financial needs.
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