Unless you have a need to show a substantial equity, usually starting the corporation (assuming that's the type of entity you want) with $1,000 is ok. Then the remainder ($49k in this case) is entered as a loan. That way, once you have the cash back in the business account, you're not worried a...
You're facing an uphill battle. Angels and Seed Funds see a new app every hour of the day. Same goes for incubators and accelerators. No one will invest cold because there is no way to protect it. There's nothing patentable. You'll have to show rapid user adoption. If you can hit 10-20k users wit...
I hate to be the bearer of bad news, but generally, these are not the types of businesses that venture capital pursues. Due to the risk they are taking, VCs generally want to see a large market (meaning $1B potential) and a significant return on their money (10 times return). However, you can l...
Have you considered crowdfunding? Investment grants will be able to take care of funding but crowdfunding has the benefit of taking care of funding and providing a customer base.There are many examples of teams without a fully working prototype being successful on these platforms. Kickstarter ...
I don't know if I would suggest a book on "fundraising" because this is a situation in which personality, quality of team, execution and overall market potential play a determinant role in you getting funded. I've read a lot of books! I mean really a lot!! Mainly because i enjoy it, but the book...
Absolutely. I would focus as much as possible at raising the least amount of money possible while still optimizing your businesses ability to execute on its strategy. Money isn't free, the cost is the equity, interest, etc.
The specifics of what an investor might try to look for may vary depending on whether the startup is, say, a daily deals play, a chip company, a mobile app, or a genomics startup. In general, here are the key things being examined with respect to a technical co-founder. Different investors might...
Having a prototype is essential if you want investors to take you seriously. So good job on getting that. It would be very good if you can also get a designer to also make 1 or 2 sleek representations of your vision for what some key screens of the app could eventually look like. These screens ...
It sounds like you already have an MVP, awesome. Now you need some evidence that people want to pay for it. Make a landing page from your MVP which shows visitors its main exciting features. Have a link called 'Learn More', which leads to a form asking for user info (name, email, etc.). To make ...