Questions

It is very difficult to get funding for an app that has not launched yet (there are some exception of course). Your potential investor does not know whether the app has a market or not. Besides most savvy investors are not looking for a product, they are looking for a business to invest in. You have to remember that a single app does not make a company. So, it is better to think in terms of how the company will established and grow its market share. It is better to confirm a product-market fit and gain traction within your target market before asking for funding. This has two advantages: Investor has confidence that app will do well in the marketplace and the company has a future, also you as an entrepreneur you can retain more equity in your app/company.


Answered 10 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.