I’m pondering the feasibility as a first-time founder of trying to secure VC funding for an idea that’s still in the conceptual stage, pre product and pre revenue. I’m based in the UK is this impossible in the current economic climate. Has any one successfully raised funds at this early stage? If so what was the journey like, what factors do you believe contributed to your success? Or is this something founders with a successfully track record can only do? Thanks

  • drunk_banker@alien.topBEnglish
    1·
    1 year ago

    We’ve got a prototype, a very strong pipeline, and a strong team with founder/market fit, and it’s been a very long process of building VC relationships, bootstrapping, and taking in small checks from F&F. I wouldn’t expect it to be easy, or for a bunch of cash to just start flowing in at once.