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3 Basics ways people raise money: 1. The most reasonable but least seen in SV. You build a basic business that has traction. With additional work you can see t
by Sindrome 12y ago
3 Basics ways people raise money:
1. The most reasonable but least seen in SV. You build a basic business that has traction. With additional work you can see the business having even more traction. You need money to scale.
2. You went to Harvard undergrad and Stanford graduate, or similar. You worked at Google for 2 years. You want to try out something kinda crazy, cool, but have no idea how to turn it into a business. With all your accolades, investors put you at the front of the line. People are willing to toss you a couple 100k each for the chance that you kill yourself working on something that becomes big.
3. You were one of the previous 2 types and already sold a company. You are now a vetted entrepreneur. Raising money is trivial. There's dumb money in the Valley willing to bet on a horse that has already won a race. Get one influential investor and the rest come.