Once your profitable and have a concept that works - finding investors is not the problem, its getting rid of them. Who doesnt want to put money into something that has proven to work and make a return? Seeding and funding is more for people trying to build a concept they think will work, and ne...
I'm not trying to be a contrarian for the sake of being a contrarian, but can you afford to NOT do proper screening on VCs? If you're averaging $100K/month in revenue, then you'll be the pick of the litter, assuming your pro forma, etc., add up for the investors. A bad fit in an investor can hurt...
Two key issues in your question: (1) when you say "majority are making millions" you're not seeing the hundreds of startups that failed in the same space... (2) if it's such a great idea, you should have traction. CHALLENGE: Adding photos to menus is tricky... Good pics are very expensive, an...
Honestly kickstarter is a brilliant site for startup funding and it will help you get the word out. If your start up is as good as you think then you might even get even more funding money than you had thought.
100%. Many companies "Pivot" and when they do, they let their current users know that the service is shutting down - but that they're now moving onto something new (or launching a new company). Flowtown (my last company) did this 3 times. We even leveraged users to test the new product before ...
Strange, I answered this question a few days ago here: https://clarity.fm/a/2890 but this seems to be a repost of the exact same question. Andrew's comments are spot-on about building a waiting list while you build your product. You want to be able to point to a meaningful uptake of customers...
I've always hired only ridiculously brilliant engineers and those that were either entrepreneurs or entrepreneurially minded (i.e. attended startup weekend, contributed to open source, blogged, etc). The best way to find them is to go to the events they attend. Typically it's developer meetups,...
When you state a % you are being pragmatical, but if you are rasing a convertible note valuation might not be so clear you will then be defining a cap and a discount. Silicon Valley VC's want to understand more what your burn rate is for the next "x" months and what would be your next funding or...
Need way more information than this. For starters, you need to know the following: What are their reasons for wanting to create an incubator? What are their needs? Can you meet those needs? When are they planning to make a decision? Who would be making the decision? Are they committed to startin...
It depends on the potential for growth of valuation in your business. If 5 years from now, you think you think "moderate" success is most likely (a few million in ARR as a Saas business as just one example), then using your equity to buy services might actually be *worth* it. But if you're purs...