We are searching since a view month for venture capital, business angels etc to get our business idea financed. It turned out to be a nightmare in many way's.
Finally we found Anthony Tobin from UCC (Universal Corporate) he was delighted! In writing to fund our project. We made clear, that we have no sources to pay any retainer. He was still delighted... He wrote, don't you worry, we can surround this issue. He knew also that we are german citizens and permanent resident from mexico and that we have to apply for a work permission to be allowed to work in the United States.
He still saw no problem.
He asked us to come to Atlanta to present our project. We went to Atlanta met Mr. Tobin and also the potential funder. The funder Mr. Mike Louie (was from china) was excited and agreed to fund the project. After one week we received a Email, saying that our project has been pre-paid. Now Mr. Tobin was asking for a retainer of 15.000, - Dollar. We wrote him, he may remember about our concern and that he agreed he could surround this issue. He dropt it and turned around. He was asking us for a green card in the first place but he was not willing to show any contract upfront, any conditions what we would have to expect etc.
We got him. So he turned again, telling us the money is available he would have a high professional Immigration Attorney for us, he would request a fee from 15.000, - Dollars to have our paperwork done.
We are very carefully with sending our money around the world. So we asked him for name and contact address from this attorney, so we would be able to negotiate about the fee. We never received any answer.
Finally, after pushing hard Mr. Louie and Mr. Tobin Emailed us we would have a chicken and egg situation (because we still kept asking for the conditions and the contact address), ever since, no respond anymore.
This is rip-off - because people are having ideas, hope to get fund's and then ending up with spending and spending... Without results.
Any experience with such companies?
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