Questions

My name is Mohamed and I am the CEO of Vendigo and the founder of "Shoot it!", a social sports mobile app which is set to launch in Fall 2016. I am a 22 year old marketing student from Toronto, but an entrepreneur by heart. I believe I have developed a concept that will revolutionize the social sports video-sharing industry. While learning more about the industry itself, I also have found a void in the market and I intend on capitalizing on it. I am in that pre-development stage where I have a business plan, a targeted marketing strategy, and a business model that will prove profitable. I am looking to raise 75k CAD to develop and market my app. What is the value of my startup? How much equity should I give away?

I would make it easy on yourself and your investor and take the investment as a convertible, in particular since it is a small amount. That way you defer the valuation discussion.


Answered 8 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2024 Startups.com LLC. All rights reserved.