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

  • WallyMetropolis@alien.topBEnglish
    1·
    1 year ago

    Sounds like you don’t want VC money, you want Angel or Seed money. Yes, it’s possible to get a bit of capital pre-product on a SAFE or convertible debt but doing so will really heavily depend on your network. Do you know people who write checks who think highly of you?