I have an MVP for a new social media app, an extensive market research report, estimations for the cost of monetizing the app, and a roadmap for what comes next. It’s also live on the app store now and have 100+ users, mostly from my own network.
I do not have a scripted pitch, but I can explain the value behind the idea to users and how it will make money to investors. I believe in the idea very much, but am struggling to get users on the app outside of family and friends due to no advertising budget, and no time for promotional events.
I am a non-technical founder who has bootstrapped up to this point over the last 3 years by working a Finance 9-5 and paying developers to build the app. I have reached a point where I’d like to receive external funding for a better equity deal than I would have gotten at earlier stages of development.
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Where can I find investors that are suitable for investing at the stage I am currently in?
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How do other founders who are working a 9-5 and sacrificing so much for your company cope with feelings of burnout?
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What are some startup/founder groups that are good to join pre-seed? Are these groups worthwhile when you are short for time?
Man…what I could do with $3.5 million….im personally hoping to scrape together about 20k and I know I’ll be able to turn that into 500k a year…
You can’t turn 20k into 500k/yr if you can’t even raise 20k
Here’s your hard truth:
It’s not the money that’s holding you back, it’s your own mindset.
Dude, its for inventory. and no its not my mindset thats holding me back. Its my crap credit from my divorce thats holding me back from getting 20k at the moment. Ive already turned a startup that went from 50k a year to over 6 million a year. I wasnt the founder though so I did not benefit from that growth. Now ive started my own business so I can benefit from my hard work and dedication.