Questions

I have been working on bringing my first start-up to launch for the last 6 months. Our last barrier to launch is financing the development of our website. The website has been designed and is ready to be developed but we are short of the money we need to finance the development. The amount of money we need for development is roughly 1/3 of the total financing we have raised so far. I will not stop until the development has been complete but I am running out of ideas for how to raise the money to do so.

Agree with both prior comments. If the product or service is essentially the website and you cannot develop it to showcase it, then the cart is leading (or not) the horse. However, to try and be pragmatic, I would say a crowd funding or hitting the expanded friends and family circle may be the best options. $3K doesn't seem unsurmountable, but if you were asking me to invest, I would wonder why 2/3 of the investment thus far were not spent on the 1/3 that appears most important to show proof of concept and generate revenue/gain additional investment interest. Maybe there's also a way to cut back some of the features and focus on what's most important, building the rest, once the fundamentals are working and have attracted an audience. I like the PR idea, but without something to show, you better be one heck of a convincing story teller. For borrowing from known "investors" www.trustleaf.com may be of help.


Answered 10 years ago

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