Questions

I have been working on bringing my first start-up to launch for the last 6 months. Our last barrier to launch is financing the development of our website. The website has been designed and is ready to be developed but we are short of the money we need to finance the development. The amount of money we need for development is roughly 1/3 of the total financing we have raised so far. I will not stop until the development has been complete but I am running out of ideas for how to raise the money to do so.

After $10,000, I'd readjust your thought process on "raising money", because at this point it's not as issue of needing to raise more money as it is an issue of cash-flow in order to survive.

I'd approach this from two angles-- how can you REDUCE the capital you need to the absolute minimum to improve your product to get to a scalable point, and how can you start GENERATING profitable revenue immediately. Once you figure those two things out, execute, execute, execute!


Answered 10 years ago

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