Fundraising Thursdays - A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital

by AutoModerator. Posted on Sep 13, 2020    6    5


Welcome to this week’s Fundraising Thursdays Thread.

Ask about anything related to fundraising, investors, accelerators, grants, and other sources of capital.

That includes how to find these sources, how to work with them, and how to negotiate with them.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.


Comments

Constructment 1

Anyone applying to accelerator winter batches? Several deadlines coming up over the next 2 months.

merakienverde 1

Could you list these? I'm seen only a couple

orbit99za 2

Hey, great idea for this forum. I have a startup that has been funded by bootstrap and had impressed enough clientd to get funding for prototype development. The thing is to expand you can't just rely on prototype funding. Because as I found out to cost a prototype is very difficult, and things fail and you can't just go back and ask for more and more. Also this does not allow you to further R&D, so I have been working on this for 2 years, incorporated as a company for just over a year, got clients and 3 major projects in prototype stage, prototype works to mass rollout to the Clients. I still need a bit of capital to complete the prototype and the infrastructure around it. The infrastructure and development of the prototypes will enable me to roll out other products. Much easier and cheaper than the first ones.

Do I go for seed, early stage VC or angel investors. How do I approach them, as a going concern?

vaibhavgogia 1
  1. Get clarity on how much more money you would need to get to your next milestone. Think of it as peeling an onion. You need to take off layer after layer, and you need various kinds of capital at each layer.
  2. Once you decide the amount, depending on the asset-class choice, be clear on the kinds of investors in your space: there would be some VCs or angels. To decide between these, I'd say you need to look at what kind of money do you need, does it have to be strategic wherein the investor also helps you peel the layer off, and connects you for further raises, or do you want only the money.

    I think this should be a good starting point. Cheers!
    If you want to get in touch I'm at vaibhavagogia [at] gmail com
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