Global Star Capital - "Endless Funding Possibilities" - Rich Cocovich, CEO/Founder
I have more than one other partner and we equally make decisions, will you work with us? Yes. HOWEVER, we have found that 99% of the time when there are multiple partners that make "equal" decisions, a deal will never close due to the egos and internal fighting of the principals. We always encourage that a sole principal be named for leading a group.
I have read blogs, rip off reports, chat room conversations about paying fees and how all fees are bogus. Can you explain your views on fees? First, never believe everything you read on the internet in terms of the private funding world. Most postings on line are from disgruntled people who ask for a mountain of money but cannot afford their car payment. Second, in any loan or process, there are some fees involved. In any contract there are fees involved. Our job at Global Star Capital is to minimize those fees for our clients and get them a reputable source to fund their project. We are professionals in the same category as corporate attorneys or certified public accountants. Our clients understand the value of the services we provide. We are in high demand. Professionals do not work for free. Some fees are in place from funding sources as a way to determine if you have "skin in the game". Never let the chance of your project being funded become ruined by nominal fees. In today's markets, a make or break on funding a project should not be because of unwillingness to pay standard fees that all lenders and professionals require. I have a hired person on my team who advises me that "Death and Taxes" are the only thing guaranteed in life. They have always found a way to advise me "no" when dealing with people. What are your views on this topic? First of all, if you are paying ANYONE to give you advice that "Death and Taxes" are the only guarantees in life, you are wasting money. For the most part, we have never met an adviser or attorney that could actually fund a deal themselves. That should sum up our views of the topic. I have no collateral, no cash in the bank, no investments. Will you work with me? It will be hard to find a good equity partner for you. We will assess your entire situation, your project and what is needed loan/equity partner wise. Then we will see what can be found in terms of an equity partner probability. If you have no cash or collateral (or both), no debt only loan is in your picture. If we find someone willing to take your project on, you will be required to go through the same steps in our protocol as everyone else. Does Global Star Capital ask for any equity in projects? Typically the answer is no, our company does not. Sometimes our clients are so impressed of our services that they will offer us a percentage stake as a kind gesture or to make the deal work. We have received equity stakes of anywhere from 1% to 10% from these kind gestures and appreciate them immensely. You may be required to give up equity as part of the process with the funding source (depends on the avenue and structure of your project). Why do I have to provide a multitude of documentation on my project? It is required by the decision makers who control the funding to have all of the proper documentation in order. We want to be able to present your project in the right way to the sources or the companies that may be in place to facilitate for them. The sources require all of the documentation we ask for in their stages. Our philosophy is to gather the documentation in the early stages in order to show that you are serious. By doing a thorough job, we lessen the time frame it will take going toward funding and show our full value to our clients. Those who are lazy fail. Those who follow our protocol succeed. I belong to a couple of large networking sites on line where I can shop my project to brokers. What do you think about those services? We literally think that you are wasting your time. We have NEVER met a broker or intermediary who has come from the large networking sites that knew what they were doing. In fact, we created our training program because of all the novice people that fester from those web sites and give terrible advice to unsuspecting people with great projects. Please explain the project funding protocol to me: Global Star Capital bridges the gap between solvent entities who are looking for project funding and/or equity partners in the commercial or intellectual property arena. We work with projects and individuals worldwide with the exception of the countries listed by the United States Government as hostile or part of the "Axis of Evil". The services for obtaining a funding source for our clients have been perfected over the course of many years. We have painstakingly found "real funding sources". A "real funding source" is classified and defined as an entity who can physically fund a project with their own capital or a "pooling" of capital within their organization. These sources include private individuals, private trusts, traditional lending sources (banks), our own internal company capital, investment bankers, venture capitalists, equity groups plus others.
Global Star Capital either facilitates for our funding sources or deals directly with private appointed individuals or companies that facilitate for our sources. This means that we are not "brokers". We are facilitators and paid professionals. We are in charge of bringing solvent projects to the lending sources or their appointed entities in order for profits to be made by the lending of their money. We stand as an professional intermediary for our clients on one hand and facilitators to the sources on the other. We have a unique situation that allows us to construct a game plan for our clients based on the parameters directed to us by the funding sources.
We thoroughly review projects internally. We then make a decision if the project is worthwhile to move forward. Our Founder/C.E.O. then speaks to you personally via telephone and in a face to face meeting. Once we have all the documentation needed on your project and after you speak with our CEO, the hard work performed as your professional consulting team begins with a process that has been proven and perfected over 17 years. It is CRITICAL that you understand that hard work is the main factor in obtaining funding for your project. Mr. Cocovich or any designated entity becomes part of your entire team. You will obviously go through the funding source's due diligence and then closing.
Why is your web site not "flashy" and created in a simple manner? The answer is simple. We have clients from around the world who do not have high speed connections. Mr. Cocovich also updates his blogs etc. from remote areas of the world while traveling to meet clients. We use a basic system in order to ensure fast updates and quick access to our information. We roll up our sleeves to work for you and we are not "flashy".
Do you charge "Up Front Fees"? No. Please make sure that you are 100% educated on the definition of "Up Front Fees". We have a nice piece in our BLOG section of the web site to assist you---posted on 9/8/08. Reviewing your documents and speaking with you via phone is free and should be considered a privilege as you will have to explain why your project is worthy of funding or finding an equity position partner, PPM related issues etc. We do not want to hear your philosophies about fees and how our business should be run. Unless you can outshine our services and have a CEO who has been an instrumental force in our industry since 1991, we are the service you NEED. Read the testimonial page by using the link at the left for valuable information.