FindThatMoney.com advertises that it has a large database of qualified investors that are eager to invest in a startup company. They have a free service which allows the company to post their information regarding the company inot their database. Then supposedly the investors will see the add regarding the startup company and wish more information to pursue the investment.
The problem with the free service none of the "Investors" that inquire about the investment are able to be contacted unless a premium service is purchased which ranges up to $999.
FindThatMoney.com utilizes an autoresponder system to send out canned responses to the persons seeking investment capital. This I know because I signed up for 3 separate free accounts and receive the exact same inquiry letters to all 3 different signups sent at the same time. An example of a inquiry letter is as follows:
"My name is Clarine Gill, I was browsing this site and noticed your Ad looking for funds, we encourage you to contact us if you already have not found funding.
We are the worlds largest Fund management with over 1.2 Trillion USD Capital Investment Funds. Nevertheless, as Fidelity Funds Manager, I handle all our investors Direct Capital Funds and secretly extract 3.2% Excess Maximum Return Capital Profit(EMRCP)per annum on each of investor's Magellan Capital Funds. As an expert, I have made over 49.8million USD from the investor's EMCRP and here by looking for some one to trust who can stand as an investor to receive the funds as annual Investment Proceeds from Fidelity Magellan Capital Funds. All confirmable documents to back up this claim will be made available to you prior to your acceptance.
Sincerely,
Clarine Gill"
Another one:
"We specialize in long-term venture capital investments in early-stage, seed and already existing companies.
Contact us, I would like to see if we have a synergy to work together. Patrick!"
To date I have received over 60 "responses" in 3 weeks urging me to contact the "investors" but only can I contact them if I signup for the premium service. The problem is that unsuspecting companies desperate for funding of their projects will fall for this scam hoping that at least one of these "investors" will come through.