How to find the right funding for a startup?

Is there a step by step process to finding the right funding for my startup that is straight to the point and easy to understand? I am not looking for some fancy get rich motives or looking to stall or waste time. I want to find the right funding for my startup, plain and simple. How can I do this?

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June 6, 2020 2:13 AM

Member

You can actually start with a loan or a credit line to help give you a boost while you are looking for investors. This will show possible investors you are more serious by putting your own income on the line. Elon Musk had to reinvest in his company or lose it completely. He took every dime he had left and put it into his company and this kind of move showed investors he was willing to risk it all because he believed in what he was doing.

June 9, 2020 11:23 PM

Jasper has a good point but as I mentioned in another thread, this is a HUGE gamble and while it may have worked out for people like Elon, it doesn't work in favor of most. So you are going to have to decide how much you want to invest and how much investment it will take to favor attention from investors.

June 16, 2020 6:28 PM

Member

Go to public venues for businesses. Speak with people who made it and those who are in the process. You will likely find investors at these types of conventions.

June 16, 2020 7:27 PM

Member

I know this may sound silly but you can enter into Fedex's business start up contest. They hold it every year and first place gets $25,000 for their startup idea with over $7,000 in print and packing through Fedex.

June 20, 2020 7:58 PM

Member

Work with websites that are platforms for startup ideas like Kickerstarter. Those tend to be the easiest but you need to know how to market your ideas as well. Alternatively, you can take out a small business loan with your bank. Most banks have options for these.

June 22, 2020 7:44 PM