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Ask HN: Are there any VCs that fund ideas or MVPs
Hi all,
Most VCs pick funding on existing products which are already bringing in some traction or has some users at least. Are there any VCs that supports a Business plan or an idea which is not a finished product yet or at best is a MVP?
I am asking this because I have talked to quite a few VCs and none of them even go beyond the question of # of users or traction.
Thoughts?
- rywalker 13y ago1) Smaller accelerators (especially university-based ones) will accept ideas — for example, Xavier University is accepting applications right now http://www.xavier.edu/williams/xlab/ http://www.xavier.edu/williams/xlab/ 2) Angel investors will sometimes put money in on an untested idea. If you can go get pre-orders from real clients, the odds of getting money will go up a lot.
- ig1 13y agoPlenty of VCs have funded pre-product startups, but generally such investments are based on factors such as the team, track-record, expertise, strong customer demand, etc. rather than just an idea.
- ericthegoodking 13y agoIm not an expert in VCs matters but what i think is that many VC's would fund a MVP if it is showing some sort of potential .Team also matters alot.