g***e 发帖数: 577 | 1 i am very new to start up and just start a project recently with a very
small team of people.
my project is fin tech and we are working in amateur time but will consider
fulltime if got funding support. we expect to get a prototype within a month.
questions:
1. should i go to VC or should i do this as a garage start up? whats the
difference in these two approaches?
2. if i go to VC, when should I? or in what state shall be considered ready
to have a VC talk?
thank you very much. | R*****A 发帖数: 127 | 2 prototype it first, then focus on a couple of clients/customers, after that,
you can talk to any VC seriously... | m**y 发帖数: 32 | 3 You should start talk with Angel investors as soon as you have an idea. A
good Angel investor can point out some serious blindspot and save you a lot
of time for free. And also, if you start to engage with Angel investor
earlier, they can see how your business progresses, that will help a lot
when you need money compare to engage with them cold when you need money.
Not sure if you have any incubator or shared startup workspace in your city,
join those place, you will get a lot free mentor, coaching resources that
will shortcut your startup journey a lot. In Chicago, 1871 is very good
cowork place with so many good mentors to help you navigate the startup
journey for free.
Also, a must-read for any startup is the book "lean startup", I believe you
have to bootstrap the business before most angel will get you anything. "
Lean startup method" will give you a lot of ideas about not wasting time and
money to get your startup ideas tested before you invest too much. |
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