It really depends on the type of startup, but very generally speaking, you would need:
1. A One Pager and/or Pitch Deck (presentation).
2. To perfect your pitching skills (online).
3. An MVP (Minimal Viable Product) or at least a POC (proof of concept) to show some data/numbers.
As for actual funding channels, you have:
1. Friends and Family.
2. Crowd funding.
3. Angel investors.
4. VC firms.
5. Bootstrapping (funding yourself) - probably less relevant in this case.
6. Government grants (some countries, like Europe)
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Answered 2 years ago
I agree with all the points mentioned by Assaf + accelerators. But that applies as phase 2, only after you have proof of concept/MVP that works/sales page with numbers. To get here use bootstrapping and FFF (family, friends, ‘fools’- which for me means fine acquaintances who believe in entrepreneurship :D)
If Latam stands for Latin America, here is a list of accelerators https://about.crunchbase.com/blog/100-startup-accelerators-around-the-world/#south
Answered 2 years ago
Raising Funds for a Start-up business in the global pandemic scenario is really a challenging task. People all over the world are looking for innovative ideas to start their businesses. Let for instance take up the restaurant industries around the globe. In the heat of the pandemic these innovative ideas attract investors for any business be it start-up or not. Specials like Quarantine Kits, Lockdown Lunches, Social Distancing Desserts, and Stay Home Hors D'oeuvres will help distinguish outlook to many restaurants. Prior to COVID-19, purchasing a meal subscription from your favourite restaurant did not even exist as a concept. Now, it is become the latest innovation in a year’s long shift away from tradition restaurant sales towards takeout. Meal donations are becoming more popular as people reckon with how to best support local communities and their favourite restaurants.
Start-up can raise funds in the following ways:
1. Angel Finance: Business angels, either on their own or as part of an angel network or syndicate, provide business funding in return for equity, but can also provide valuable experience and guidance to a growing business.
2. A Start-up-Loan: These are unsecured personal loans of up to £25,000 that must be used for business purposes and a repayable at fixed 6% interest p.a. (Amount may vary from country to country)
3. Bank overdrafts: For companies with fluctuating income, a bank overdraft can provide quick, flexible cashflow. Most major banks charge interest only on the amount you overdraw, and many offer tailored packages for young businesses.
4. Cash advances: Companies such as Worldpay, Business Cash Advance and Credit for Merchants allow businesses to receive money upfront before debts and invoices have been paid.
Under the terms of the agreement, the financier purchases a fixed percentage of your future credit/debit card transactions at a discount, and then advances the cash into your bank account, usually within 10 working days. Repayments will be scheduled at a pre-agreed percentage of every transaction – usually between 10 and 20%.
5. Asset finance: An asset-based loan works the same way as a mortgage. You borrow money against an existing possession, and, if you cannot meet your obligations, the asset is repossessed. Assets which can be used as collateral include property and premises, accounts receivable, inventory and equipment.
6. Factoring: Market Invoice, an online marketplace which allows you to auction your invoice to a community of investors. You receive payment straight away and the investor will receive a profit when the payment finally comes in.
7. Crowdfunding: Crowdfunding is, essentially, an extension of the charity sponsorship page in the business world. People come together, on crowdfunding sites, to pool money towards a venture or idea. Donors or investors on crowdfunding sites, such as Kickstarter or Crowd cube are typically private individuals providing small sums, so they’re unlikely to give you the sort of grilling, and rigorous conditions, an angel investor would.
8. Peer-to-peer loans: A peer-to-peer exchange site, such as Zopa or Funding Circle, will put you in touch with private lenders, and create a personal relationship between you and the lender – fostering trust and patience. Several companies are now well-established in this space, and several offer generous terms.
9. Micro-loans: If you only need an exceedingly small amount of money, you should think about a micro loan, which is tailored to your circumstances and can be used alongside funding from other sources.
10. Community schemes: A plethora of community development finance initiatives, or CDFIs, have been set up around the country to help individuals, and businesses, denied credit by banks and lending companies.
CDFIs provide help with everything from bridging loans and working capital to funds for property and equipment purchase, but their terms are usually
11. Family loans: If you want to keep things ultra-simple, a supportive family member, with money to spare, can provide a fair, willing and reliable source of loan funding. Relatives and loved ones are more likely to trust you with their money than an outsider, and they will probably demand lower interest and fewer incentives than a commercial organisation.
So, these are the ways in which you can raise funds for start-ups and make sure you look innovative so that the investors see you as a rebel in the industry with bright future ahead.
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Answered 2 years ago
Here are a number of the strategies that you want to comply with to discern out on how you could raise funds in your business startup:
Create an in-depth business plan
Are seeking for help from buddies and family
Discover an internet organization like us commercial enterprise funding
Mission capitalists: you could also cozy price range from project capitalists
Crowdfunding: Begin a crowdfunding marketing campaign on a crowdfunding platform like Kickstarter or Indiegogo, which are the most popular platforms for elevating funds for any kind of challenge that you'll be having.
You need to analyze where capacity backers are striking out the maximum, is it Kickstarter or Indiegogo? From a standard angle, Kickstarter gets 30million hits a month in comparison to nine million on Indiegogo.
This text has greater statistics on the selection of platforms Kickstarter vs Indiegogo
In recent times you'll find digital advertising companies that provide you crowdfunding advertising and marketing service and assist you with promoting campaigns to reach your investment goals.
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Answered 2 years ago