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It seems that getting that extra seed round, when you already have recurring revenue, should be the easy part. Since you already had spent all the time and mon
by blackrock 8y ago
It seems that getting that extra seed round, when you already have recurring revenue, should be the easy part.
Since you already had spent all the time and money to do the initial product engineering. Your database is in place, your web servers are online, and you can handle a modicum of traffic.
So, you have proven that a market exists for your product.
Then the extra VC seed money, is just for the major marketing and sales push, and to pay for extra servers. And these days, everyone just hosts it on the AWS cloud, so virtual servers are just a click away. There's no need to actually hire an army of Linux system administrators to handle your network anymore.
My question is: How difficult is it to get Angel or VC money, to build out your Powerpoint idea?
This is just the initial idea, that you have sketched out on a paper, with maybe some big ideas on how it can fulfill a market need. This engineering effort will take some time to flesh out, and it will take money to hire a small staff of engineers, and to just pay yourself to work on it.
- bradhe 8y ago> How difficult is it to get Angel or VC money, to build out your Powerpoint idea? Extremely. Read the tweet at the bottom of the post.
- dhnsmakala 8y agoEveryone and their pet dog has a PowerPoint idea...the late 90s are over.
- r_singh 8y agoThe bar for milestones to raise money has increased a lot over the last two decades. What was 1M users is now 10M+ users. It's also worth noting that a lot of tools make growth at a faster rate possible as compared to before. The increased difficulty of raising seed during idea stage is apparent when you observe the increase in YC companies that have already launched with an MVP and are increasing traction working up to the demo day.