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Ask HN: How to find a donar for StartUp in Pakistan?
Hi all i have been searching for foreign donors for my startup IT company. i tried and applied all the information that i get online but no success. maybe i am missing something in my proposal. Can someone guide me how to find a donor for a startup it company and a suitable proposal letter. Thanks in advance
- memeree1986 11y agoi think if it's a good idea, an investment will come. What is it you are thinking of doing? and will it be based in Pakistan?
- saharakks 11y agothanks @memeree1986 we are a group of three graduated in 2014 we are currently developing android and web based applications for clients. the clients are mostly from freelancing sites(freelancer.com,Elance,Guru). we are currently working from home but need a common platform to work together and other resources.
- gus_massa 11y agoDo you want a donor or an investor? The investor expect to get the money back some day (multiplied by x10 if the company success, multiplied by x0 if the company fails, (don't take this numbers too literally)).
- saharakks 11y ago@gus_massa yes i mean donor. We talked to several investors but their terms and conditions seem to be very tough.
- ingenieros 11y agoA donor is somebody who doesn't expect anything in return. An investor is someone who does expect you guys to grow and turn a profit so he/she can recoup their money. You might want to start by creating a profile for your startup on angel.co and then seeking out these investors: https://angel.co/pakistan/investors https://angel.co/pakistan/investors Some word of advice, vc's and angel investors will not invest in a startup who develops stuff for other people. You got to sell them on a vision for an original product and why you and your team are worthy of their time/money.
- saharakks 11y ago@ingenieros you are right we have a vision of several products. we also discuss with some of the investors but response and terms were not good.