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There's only one path to investment that doesn't involve being born on 3rd base or getting unbelievably lucky. It's 3 things: 1. Grow. Grow convincingly on you
by tomasien 11y ago
There's only one path to investment that doesn't involve being born on 3rd base or getting unbelievably lucky. It's 3 things:
1. Grow. Grow convincingly on your own, without investment. Be confident in your product, know where users come from, in fact know everything about your product and your market (everything), and have a graph that is up and to the right.
2. Network. Go to meetups, clubs, professors, friends, family friends, etc and leverage the fact that you have a "growing" app to make those people EXCITED to introduce you to people with money.
3. When you meet investors, don't go for the hard sell just let them ask questions. Keep updating them as growth milestones (even if it's just every 2 weeks how much you grew) are achieved. Tell them you're raising money early on but that you're not sure when - pick the right moment to say "we're raising" when growth AND # of investors you've met is at peak.
If you're like me when I first started out, you're hearing this and thinking "ok, anybody got any easier ideas? That sounds basically impossible I'm kind of looking for a silver bullet here - I think I deserve it I mean everyone is getting seed money and we're pretty good!".
There's no silver bullet. I'm telling you straight up it doesn't exist, especially if you haven't built something successful before. You have to grind, you have to grow, and you have to network. And it takes time. If you're not ready for that, consider your app a side project and move on.