how to find initial financing for a project that is in idea stage
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how to find initial financing for a project that is in idea stage

I'm starting a business, I have the idea, the business plan, but I don't have an MVP yet Is this state how could I look for financing? Or should I look for a co-founder?

Asked by:
Deivid
On: 09/10/2019 17:36

6 answers:

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From your friends, family, and your own pocket, in return of some equity in your start up. Convince them, like a good sales man that you can return them more than they are investing in a specified time horizon.

Answered by:
Rahul
On: 16/11/2019 10:22
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Don't seek funding in the idea stage. You need to build up to a point where you have leverage in a conversation with potential investors. Start as lean as possible. Get some early traction and then visit the negotiation table with cards in your deck.

Answered by:
Fouad
On: 20/11/2019 21:17
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If you've had a successful startup exit before, you can raise money. Otherwise your best path is to de-risk the idea. Co-founders can help get you to where you need to be :-).

Answered by:
Marcus
On: 23/01/2020 19:37
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I'd learn about product design and seek out a UI/UX Designer to help you create proof of concept screens. You'll have a better chance of getting investment if you can show how your idea would work in its initial launch/MVP state.

Answered by:
Charlotte
On: 24/11/2020 21:10
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We usually fund our own ideas to a stage of a POC. We want to at least be sure ourselves that we can solve technically the problem that we found. Then and only then approach friends a family but once you sold one or two companies, you can go directly to your old investors and in most cases they'll be happy to invest again in you and your ideas

Answered by:
Kobi
On: 13/02/2021 12:16
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At the end of the day I believe, it all comes down to two - the potential earnings and one’s share for the profit.

Based on my experience in managing many different stakeholders (like investors) the conversation is always drawn to what do I gain from it. No

So I see that as rather a starting point for a start-ups trying to find investors.

Answered by:
Darren Doyoung
On: 29/08/2021 19:12

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