I'm a small-time investor and have been working for and with startups for 13 years. The time to take seed capital is: - When you've proven demand for your product by making sales. - When you have at least one repeatable, predictable, and profitable system in place for selling your product. - ...
When someone invests in your business they aren't actually investing in your business, they are investing in you. It's good to keep that in the back of your head. From that point then when they say "go prepared" it probably means in relation to how well you know the person. If you're asking you...
Very little. At the angel/seed stage, they're investing in the founders, so there's no expectation of patents, etc... They might check that you're incorporated in good standing, and ensure you have a solid startup/corporate lawyer, and have good employment and IP ownership agreements with your s...
It sounds like you already have an MVP, awesome. Now you need some evidence that people want to pay for it. Make a landing page from your MVP which shows visitors its main exciting features. Have a link called 'Learn More', which leads to a form asking for user info (name, email, etc.). To make ...
To answer your questions: 1) Mobile companies at your stage usually raise angel funding at a valuation equivalent of $5,000,000 for US based companies and $4,000,000 to $4,500,000 for Canadian companies. 2) The valuation is a function of how much you raise against that valuation. For instance, s...
Since you mention that you have achieved "amazing results", I am assuming that you have some sort of a prototype to show to an angel/seed investor. Also, the fact that you managed to get a government grant (which I assume you didn't have to give up any equity for) is a good thing and shows creati...
Every major city has some sort of network of angel investors or VCs. Do a quick google search in your area for incubators/accelerators. They typically have public facing events where you can go in and network. Since you're post-revenue you should be able to find interested people pretty easily. ...
Hi: Sounds like some great progress, especially since there's been interaction with potential customers. Frankly, the best route for pre-seed funding would be friends and family. The team will learn how to develop a pitch and give that pitch in a somewhat "safer" environment. Plus, after they lan...
Do yourself a favour & grab a copy of Venture Deals: http://www.amazon.com/gp/aw/d/1118443616
It depends on many factors. Are they willing to do it as a convertible note? If you're early stage the debt will be a burden if you don't have revenues in short order to repay it. 20% is extremely high and if you can't repay in revenues it could bankrupt you. Investors outside the U.S. Are not ...