The problem is this: the majority of people in North America like to finance or lease things. The whole process of obtaining financing for a vehicle or a boat is not complicated at all, but middle men make it difficult and time consuming. We are developing an application through which people will be able to get the best available rates instead of going to different banks for scheduled appointments with loan reps, which force them to spend their whole day out and eventually get whatever rates are available. Thank you for your opinion.
Getting something out into the market is a crucial first step for any app start-up. Validating the idea first by building a user base and making some initial sales is proof of potential and that proof is what VC firms are looking for. Getting these four things right is extremely important, whether you are targeting family and friends or happen to find an angel investor willing to hear your pitch. If you do not have the right people involved you will not attract investment, no matter how good your idea is. Never approach a potential investor without first doing your homework. Know your target market inside out. If you do not have a compelling reason for people to use your app over your competitor’s, getting buy-in from an investor will be extremely difficult and you probably need to rethink the viability of your idea.
You can read more here: https://dreamwalk.com.au/blog/the-investors-will-fund-your-app-idea-myth
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 3 years ago
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