Tips for raising capital for a startup?

Member

I know that investors want to see the proof in the pudding, so to speak, so I want to ensure I am able to raise some capital in order to gain more investors overtime and really get my ideas off the ground in a big way. Does anyone here have some successful tips for raising capital for a startup? I would prefer ones that took less time and effort but I am willing to put in both if makes a big enough impact.

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May 30, 2020 8:36 PM

One tip I can give is knowing everything about the industry you will be working with. You want to know about your competitors and you want to focus on value. Raising capital isn't hard, the hard part is the beginning process of learning the entirety of the industry your business or product falls under.

June 11, 2020 9:17 PM

Start by deciding on whether or not you want to be a a small time entrepreneur or have a big impact on people's lives. You can easily earn 6 figures as a small business owner. If you are looking to reinvent life or how we do things, you will need a lot of time, commitment, and know how because your goal will be to become part of the top 1%/.

June 16, 2020 6:33 PM

I agree with the post above. Your approach depends on the size of your ideas and plans. If you are going for something smaller and more local, you will have less hoops to jump through and less people to go through.

June 16, 2020 6:54 PM

Member

You are going tp be going up against a lot of different people with a lot of ideas that may be similar to yours. You want to prove yourself to investors and show them you are committed more than anyone else.

June 16, 2020 7:35 PM

Member

Just get your idea out to as many people as possible. You can do this offline as well. A lot of people focus online and often forget local investment circles. Some places hold financial conventions every year. Worth looking into in your area if you are looking to raise capital in person.

June 20, 2020 8:02 PM