What are the fundraising options for your new startup?
Do you have an idea for a startup and you want an investor? There are different fundraising options for different stages of an early stage startup and it’s good to go after the right ones. Before I explain the difference between them, I want to tell that the best source of funding are customers. That’s what I’d focus on if I were starting a new startup.
Validating my ideas and getting some customers is much more important than attending meet ups and many conferences. Because when you manage to validate the problem, get some customers and then realize that you need more money, it will be much easier to fundraise.
The fundraising options that I have some experience with are:
- FFF (Friends, family and fools)
- Accelerators
- Angel investors
- Venture capitalists (VC)
I've described each of the options in the post on my blog - What are the fundraising options for your new startup?
There also exist some platforms on which people can invest (lend money) and entrepreneurial minded people can borrow it
Ooh sounds interesting. Do you have any names?
@joannajablonka Since I'm from Belgium I only know some belgian names:
mymycroinvest - Belgium, France, the Netherlands, Switzerland, UK and Luxembourg
look&fin - Belgium, France
I'm sure you can find some more companies when you search for 'crowdlending'
@jerre Thank you for the comment, I agree. I mentioned only the ones that I have a personal experience with.
@joannajablonka There are also crowdfunding platforms like Kickstarter and Indiegogo or crowdinvesting platforms like Conda (in Austria and Slovakia).
Ok, I am too late here, what do you think of the crowdfunding platforms like gofundme, indiegogo and now steemit?
I don't have any direct experience with them. The startups that I've seen succeeded usually had a very good and professional campaign that was able to attract masses.
What about initial coin offerings? Does that falls under FFF 😂.
No but seriously I feel like people are going to just turn any odd project into some kind of crypto coin now.
The only hitch would be finding a finding a developer for the startup team.
That's a good point :) I'd most likely consider it a new way of crowdfunding or crowdinvesting.
Agreed, there has been tons of the ICOs recently and the new ones are advertising all over my social networks. I'm not sure what to think about them though. Some "ICO startups" are definitely onto something are some other ones will fail. I also need to learn much more about it because it doesn't sound like a bad idea at all.
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