Questions

How do I get funding for my startup?

6answers

There are a lot of different platforms to try and raise capital. You can try and borrow money from a traditional bank, or if you are in the US, the small business administration (SBA) has many programs to loan funds to small businesses.

Other startups try to raise money by issuing debt or equity to investors. Crowdfunding has also become a popular method of raising funds. The crowdfunding platform generally entails people "gifting" you money to fund your company, so any proceeds are generally treated as taxable income.


Answered a year ago

Unless you have invoices to factor along with forthcoming contracts that are signed and work that can be related on it is in ones best interest to take rejection as a gift. If we apply for a SMall Business loan and are are denied, that is a comforting indication that it's not the time to spend money we don't have.
A payroll line of credit or periodic contractual draws against work performed is the best way to make ends meet while not putting your entity in harm's way.
There are countless sub- prime financing companies with preditory lending practices thtat look and smell like an award winning BBQ whrn mere growing pains are expected and should be embraced. Like growing up as a child it is suppose to hurt. Embrace and grow from it, I ask to not run from it. It will make is stronger and in the future decisions will reflect experience and not umbrella seeking habits. that loan as a wolf in sheep's clothing and often what was once your start - up may soon appear to be the banks start+up. If however you have already made up your mind, and feel the need to out a bandaid on a potential bleeding wound, there are ad I mentioned lenders, , private and hard money lenders that will loan for most anything.with promise of a minimum payment like a maxed out credit card. Please be careful. I made these mistakes and lost a company because Inwas too prideful to ask for help as I felt I knew everything and Inwas wrong. Just because I failed doesn't mean that you will , please be careful.
During contract negotiations the best source of lending is your own money. Baby steps. There are those who lack and those who thrive. Having a business license does not make us business People. Often it equates to a hopeful consumer, with a business license and I have been there too. You can work through these stages of growth without turning your assets into liabilities. That is what start -up capital often equates to. Tht said, if you must please use cried finding and hire a grant writer to write your campaign. This will be the best 500USD you ever spent. Then you have funds that need not be paid back with an impossible interest rate. It takes two years before an entity can stand alone and build credit. . Just be careful to not create a permanent problem to protect yourself from what is often a temporary challenge.. please forgive umy typos and read between the lines...


Answered a year ago

How to get funding for a startup depends heavily on your goals for the company, where the company is at, whether it is a business with early cash flow or something that will need to scale in order to start driving revenues. If you have friends and family with money, that is the easiest place to start. It's also a good way to gauge your pitch and ability to get people excited because if you can't get your former rich boss who likes you to invest, you're going to have a hell of a time getting a stranger to.

Most startup founders start to think about fundraising far too early. These days, unless you have a tremendous professional background and an idea that is in your area of expertise, most investors will want to see a working product with customers/traction before they will write a check. Fundraising too early can be a tremendous waste of time and can burn your contacts if they think you are delusional about where the company is at and whether it is investable.

You can look into government grants, pitch competitions and other sources of revenue. You can also try to find paying customers whose need for your service is so bad that they would be willing to pay to help you develop it.

There are too many variables on this to provide a concise answer. Feel free to schedule a call with me if you want to provide more details and get better feedback.


Answered a year ago

I did work in several startup companies in India and my job was to look out for funding avenues Funding is something a startup rarely gets without a sure-footing in the business markets around the world. With pandemic around, getting funding is very difficult. The pandemic had crashed several economies and business around the globe is struggling to survive. To get a proper funding for your startup; in whichever field it is, you must stand out of the rest in the market. This is the best market strategy in the given scenario, or at any given scenario. Let me discuss an example with you. Pollution is a widespread problem across the world. To tackle this problem Hyundai came up with an SUV called Nexo. Well this is nothing new if we look it deeply, Toyota had done it too with it's Toyota Mirai. Nexo works on the concept of fuel cell which contains hydrogen in it. When this hydrogen reacts with oxygen from the air it creates electricity, heat and water. There is no combustion and no emission and the only byproduct is water which is so pure that you can take a sip whenever you want. So, imagine you were an investor with billions in your pockets you would surely like to invest in Hyundai because they are market disruptors and have changed the way people look at cars not as pollution makers but environment friendly. Customers love the car because it makes them feel like rebels with a cause. Suppliers love the car because it makes them look smart, while the investors love them because the car makes them feel that they are investing in tomorrow's big player.
In HBR Article titled, 'Disruptive Startups Get Funding More Easily, but Less of It' by Timo Van Balen, Murat Tarakci and Ashish Sood a study was made on 918 Israeli startups seeking first round of funding keeping in mind the market disruptor factor and it was found that a venture's disruptive vision increased by 22% but amounts it raised fell by 24%. The reason that was stated is that investors do not want to put their eggs into one basket due to market risks and uncertainties.
So, the answer to your question is be disruptive as much as you can, try to ride upon the tides of time and you will get a lot of funding and investment.


Answered a year ago

There are multiple factors that have to be considered whilst one is looking for start-up seed funding. These encompass, however, are not limited to:
Scope with problem/market opportunity you are attempting to clear up.
Team length & composition (very imp)
The country where the task is based totally
Whether the challenge is tech, non-tech, social, and so on
Are your product (at least MVP) and/or service is prepared
Whether or not you have got large consumer boom/signups (for cell, internet apps) or patron signups (paid, loose, freemium, and so forth)
Zone particular trouble (e. G. Long damage even for training related ventures in India etc).

Retaining this kind of & greater factors in mine, right here are my insights on start-up seed investment:
During the last 6-7 years as an Indian entrepreneur, I've observed that buyers fund startups in the majority of the cases when all 4 of them beneath mentioned matters are in the region:
1. MVP ready- geared up app / portal / platform / prototype etc.
2. Product marketplace suit- already paying clients for solving a massive pain point or offering a large comfort.
3. Traction in the area – qtr on qtr excessive increase in customers, clients, sales at least for min 6 months & preferably 12-24 months. 4. Geared up group- single founders/spouse groups and many others. Are rarely funded by VCs. Your team needs to be in the vicinity earlier than you method VCs.

I've successfully helped over 150 entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra


Answered a year ago

Most of the answers posted will cover this topic well but I have some other non traditional ideas to share and would be glad to help you


Answered a year ago

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