Unless you are Elon Musk you will hardly find an investor willing to put money into 2 ideas of the same group. As a founder you may think you are highly creative because you have several ideas, but the reality is that to an investor you are ringing one their #1 Alerts. That is you have no focus...
Hi, check outmy response to another question similar to yours. I hope it helps. Overall what you need to do is grow your community of users, or depending on the app generate enough sales or interest typically before any investors considering joining you. Not impossible to get investors early on,...
Congratulations on the opportunity...! I've seen situations like this from the other side, working for a big ERP vendor. To try to answer your questions out of order: How to structure? Based on the info provided, the simplest thing would actually be no specific arrangement at all. Lots of ERP ad...
You are asking one question and inferring another. Do you want to know if it is possible to raise that amount on a crowdsourced site or are you asking for the best crowdsourcing site for your fundraising? In short, yes. It is entirely possible to raise that level of funding without a VC and on c...
I don't think I would add anything to Sean's pyramid but I do have my own approach to things that essentially breaks it down a bit more to a granular approach. 1. Find users who've had success If you're lucky to have 100-1000 users, I'm hoping you can identify 5-20 of them that love your produc...
I'm both an active angel investor and entrepreneur who has recently raised capital. I'll start with what is standard in Silicon Valley and then apply various multiples and discounts where relevant. For an angel or early seed round, the current going rate is $3m-$5m pre-money via a capped note ...
A convertible note is a possible route. It would provide the owner with a discount to the price set at your next round of funding. For example, assume you give the note holder a 50% discount on your next round. Then your Seed Round sets the price at $10 per share/unit, the note owner would be abl...
Hello, hope you are doing well. If you do not have contact with any current employee, I would suggest trying linkedin, or the companies website. Try contacting the HR dept directly, a phone call would be the best, ask them to indicate where you can send your resume. You can also try calling a loc...
Definitely traction (marketing, sales, customer acquisition, retention) and not infrastructure. You don't have a scalable business, you're "seeking" one. So seek it first, then worry about scaling. Put it this way: If there's two otherwise-identical businesses, and P has "good infrastructure" ...
Use marketing as a means to gather more data and test. Marketing is one of the most underrated and undervalued skills in startups. Startups don't struggle with competition but getting attention. Marketing drives more data into the product, thus you can validate your theories. Pre-product mark...