Congratulations on the entrepreneurial spirit it takes to start a business. The better you can demonstrate the outcome from their investment, the less of a risk you'll be perceived to be. The best way to find any money for investment is to anchor the costs of the investment against the financial...
It seems like you are cash-strapped. Option 1 - you can do is give equity instead of cash. Option 2 - you can give experience and no cash. Both of these options will be slower than compensating cash. And, you will have to think about a marketing strategy once you get your MVP done.
My guess is that the question you are asking is, how to get funds? In which case, I think you could try: 1. Asking friends, family and friends of friends and family of family. See if anyone is interested and see if you can create a group of people who like your idea and can help you move it into...
Hi there, The options are the same as buying many traditional businesses. You can obviously use your own funds, raise funds from friends and family, use personal lines of credit, crowdfunding/investment or seek personal loans from financial institutions. Any wise investor in your venture shoul...
There is no such thing as "a best place to pitch an angel". You fish bass where you find them...
Im an investor and advisor. As many people as you ask, you will get different answers. The best and most successful way to raise capital is to start with people you know, aka friends and family. If friends and family are insufficient as they often are, then you need to find angels. If you dont kn...
It is a knee jerk reaction from me to ask anyone considering raising funds; Do you really need to? Keep in mind, that question is coming from a guy who owns a funding platform and built a seven figure professional services business that helps people raise funding. I can give you plenty of persp...
You'll start by first stating the purchase price + exact site URL. This is the only way to guess, as the site audience + monetization + marketing + sales multiple being asked, all determine your options. Tip: Hire someone to help you with this... as... depending on answers to the above question...
Hi: Looks like you've done a lot of good work - well done. I contend that your first fundraising effort should be friends and family. The leads are warm so you can focus on your pitch -- developing it, honing it, practicing it -- and the process -- setting the cadence for meetings, follow-ups and...
Great question! 1) You can use "pre-selling" to offer an upcoming service or product to existing customers which they will effectively fund by paying for it (while you create it) so that they are also buy it as your customer: https://thefoundation.com/podcast/episode21 https://thefoundation.c...