Questions

My idea was to provide a solution that would allow voting on key issues only using verification mechanisms that would help keep remote voting legitimate. Here's what I have already done: 1. Created an FB business page to check interest. The page received over a 900 likes and comments in half a day of ads. It continues to receive interest to this day. 2. Immediately after gauging interest on FB, I created a prototype on Marvel. It showed how the app would function. 3. Then, I pitched it to a couple of investors in my circle, but none of them came back with a response. I am wondering why. I am wondering why? Also, since I can't build anything more than the marvel prototype myself, how should I do this next? Finally, is this even a fundable idea for investors? Because I thought this kind of a solution would revolutionize democracy and the way decisions are made. Instead of gauging sentiment using big data, governments or businesses could straightaway gauge people's understanding without having to worry about fake votes and so on. How can I make this idea more attractive and where can I find investors who invest in this space?

Have you showed investors "whats in it for them?"

A direct answer to your question is not possible as there might be many reasons on why you didnt get a response. Funding is not an easy process and it will take a lot of your time.

* You will need to understand what investors look for and what encourages them to invest.
* How did you demonstrate your idea? how good is your pitch?
* Do you have a business model? a plan?

These are some of the questions that you will need to think about before even approaching investors.

As for you getting help building your product, at this stage may be bringing in a tech co-founder can be a good and cost-effective idea.

Good Luck!


Answered 4 years ago

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