Has anyone used crowdfunding to push your company just a little further? Need thoughts and ideas. Really questioning if I ever want to go to an investor (VC or ai) because I’ve seen so many problems. A loan isnt as bad. I just… get really bad axiety cause I dont know the future.
Any ideas for extra funding?
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Spend less on the build, idk what the product is but I guarantee you don’t need 45k to get an MVP off the ground. You also don’t wanna spend that much up front without any customers, trust me you’re gonna need to make changes.
Baring that, you’re gonna hate this answer but…a job.
🤔 thats… the rough quote I got for an MVP. We’re working on the itemized list of features here in the future.
Im trying to make this my main focus/job cause if I go somewhere else. Its going to end up getting put on the back burner.
I’m telling you now, paying a dev shop to build the MVP isn’t going to work, build it yourself or find a co-founder.
Wait wait wait, what do you know about hiring companies to build MVPs and why shouldn’t one do that?
I work at a start up.
A non-exhaustive list.
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Your product will and has to change, as you get in market your customers will ask for different things, you will realize you need different things, things will need fixed. if you/ your team have no ability to make those changes yourself = it will slow you down dramatically and cost you money, both from customers and from having to pay the third party to make changes.
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You’re going to get a not great product, $45k is frankly not a lot of money when trying to get tech talent, basically 3-4 months of a good engineers time. You aren’t going to get good engineers working on the project.
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The product will be hard to build on top of once you start getting traction. It’ll be built using whatever tech stack the dev shop likes, not what you need for your use case. 90% of cases it will get scrapped completely and need rebuilt.
Feel free to ask in r/startups, they’ll all tell you the same thing
Maybe, even then, I’m still going for it. If it runs out, keep trying. Ive been vetting different comepanies, and have already had to restart cause of developers. Dosent matter. This company needs to be available to the public so, I cant give up!
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Ehhh maybe anglelist. But to list there your product needs to be legit.
What’s the roadblock to just bootstrapping it?
Living off my veterans benifits and trying to get this ship sailing.
SBA 7a loan if your business has income and a year or two of profits.
No income yet. The business itself is the platform being developed.
I have received loans few times, and I have learned that I would have been better off each time with better management, and not getting the loan. I don’t know if this applies to you, but maybe try to cut costs first.
I cant. I have about a 45,000 dollar build ahead of me . Very specific. Does a very specific job. And I at a standstill. :/
The best loan I got was from an organization called Colorado Enterprise Fund. Maybe there is a similar program in the sate you operate in.
Ill check that out!