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Well ... it depends on what you show or demo for your concept (mocks or real code) can trigger a specific set of neuron connections in the VC(s) brain that can
by ankurdhama 14y ago
Well ... it depends on what you show or demo for your concept (mocks or real code) can trigger a specific set of neuron connections in the VC(s) brain that can lead them to believe in your concept/project which will lead to funding. I don't think there is a specific formula here. There has been many projects without any code that got funding and many projects with good amount of code and still didn't got any funding.
By the way... best of luck... specially because you are going into "social" arena :)
- jrpat 14y agoThanks for the response (and for wishing us luck) ! So I guess my question really is "what kind of money would a VC throw at a social web-startup with no code or users," assuming obviously that they liked the idea and thought it could go far? Is it realistic to hope for hundreds of thousands of dollars? And what would be the equity you'd have to give up? I realize that a lot of these questions are very much dependent on our specific ideas and financiers. I'm just wondering, in general, how does this sort of thing usually work?