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If you want to raise $1M you need a product people will believe in and see value using. Focus on the product. Build as much of as you can without funding. Then
by babul 18y ago
If you want to raise $1M you need a product people will believe in and see value using. Focus on the product. Build as much of as you can without funding. Then once you have something tangible and working (even in alpha) you can seek out the investors and they may actually be interested.
- xenoterracide 18y agowhat about less... me and my co-founder were talking and we were thinking that really for right now what we'd like is $50-100k between the 2 of us. So we can work on the project full time, relocate, and get any resources that we will need.
- drusenko 18y agoyou can get 50-100k from a few places: either 1 angel (it won't be a very big deal for them), family, or friends of family.
- xenoterracide 18y agodefinitely need to go angel hunting soon. I know in my case family and friends aren't an option. neither have that kind of money (even if I could spread it out I couldn't work 1000 out of them).
- babul 18y agoSame thing applies. Getting funding for two guys and a concept is much harder than two guys and a prototype.