3 ms·Has anyone been able to get a letter of intent with just an idea? Is that even possible?by kilimchoi 11y agoHas anyone been able to get a letter of intent with just an idea? Is that even possible?jedberg 11y agoSecond time founders get this sometimes, if their first startup was a success. Basically, they've already proven they can execute.mbesto 11y agoYes.kilimchoi 11y agowould you like to share your story of how you did it?mbesto 11y agoThere's no real "how you do it" other than having friends with money. I've seen LOIs with an idea range anywhere from $10k to $1M.