Early Stage Funding · Investors

How do gain funding for an idea/concept for a startup?

Cedric Streeter Founder & CEO of Kaos Records, LLC and Concert View is my new startup!

Last updated on October 20th, 2019

How does one garner funding for an idea/concept for a startup? (please excuse grammatical errors or misspelling)

Paul Garcia marketing exec & business advisor

October 20th, 2019

The quick answer is you spend your own money. Investors do not ever invest in ideas. They invest in plans. To win the involvement of an investor typically you must reduce their risk as much as possible. You do this by having a well-researched plan, validating your marketing strategy, testing your assumptions, and validating your product-market fit. This first-hand research on your part typically costs (almost) no money, just time, so there's no excuse for not doing it. Again, ideas do not get funding, low-risk plans do. No one pays you to "figure it out."

David M

October 22nd, 2019

Cedric, I would be interested in learning more about your startup. Track on your website is solid. You have the background of interning with Roc a Fella? Same Kaos? I always encourage a solid business plan because so few write them. But you are in a business that is different than most and requires unique strategy. Assuming "concert view" is something to do with recording artists, you have to deal in the world of recording companies and agents. So creating a solid business plan by the business world's standards is not enough. You have to weave in a level of entrepreneurial strategy that even the best of traditional entrepreneurs usually are not competent in. But you absolutely have to flush out the idea through detailed evaluation of points and questions in a business plan. Connect with me and we can chat more.

Clay Nichols Helping other startups grow after launching 2 successful startups.

October 22nd, 2019

Demonstrate how you could make them money.

I.e., show the demand for the SOLUTION, which means how painful and costly the PROBLEM is.

You can do that without having the solution in your hands.

It's also the part that most engineer-based startups skip b/c they want to build ASAP.