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How do companies raise $10M+ without having a product ready to use? (Real question I run a startup that needs funding)
by ddtaylor 8y ago
How do companies raise $10M+ without having a product ready to use? (Real question I run a startup that needs funding)
- gonational 8y agoPlease when you find this out let me know as well, as I am also in the market for some free money.
- quickthrower2 8y agoYou need to cast the magic spell. The following spells work well: "Drone" "AI" "Blockchain" etc.
- notJim 8y agoAlso VR or even better, AR!
- anonairwavedev 8y agoWe actually did have something at that point -- it was based on existing hardware and it did work. I seem to recall the original CEO taking I think someone from A16Z (?) out to a parking lot and flying an aircraft around as a demo
- rasz 8y agoIts all about who you know and how shiny can you look to the outsiders (founders being MIT grads etc).