Startup Funding

How to find funding for my mobile app

Deborah Callahan Founder of Wanderstarr.com

March 17th, 2017

I am trying to find a way to fund my mobile app. What are good places to connect with potential cofounders & what are some good questions to ask?

Mike Amerson Founder & creative director at iCandy games

Last updated on March 17th, 2017

I'm going to give you a bit of tough love here. it's unlikely you would find someone to fund an idea for your mobile app. publishers and investors don't fund ideas, they fund teams- and those teams usually have a demo or MVP that demonstrates the value even before they will give any consideration. If you're seeking money to form a team, you're going about it wrong. too many variables make it a huge risk For an investor or publisher. What if after you form a team people dont Jive? What if you can't accomplish what you say you will? What if the idea turns out to be only average? Or someone else beats you to the punch ? So much uncertainty this early in the developmemt process. It's best to form a team, first, then put something together and then approach an investor or publisher If you still need funding. However mobile apps typically don't need large teams to get something done. ive built several games for mobile with just 2 -3 person teams(including myself) if you aren't particularly skilled in code or art, then you can still design the idea and manage the Projec. I never sought funding for my mobile projects. I only sought out the right partners I could revenue share with that had skills that I needed to complete the job. getting buy-in from potential teammates about your project proves that people believe in it and trust you, at least enough to invest their time in it. That says a whole lot about who you are, and your project if you can keep it all together until completion. marketing your app after it's launched is also a major factor. Even great ideas need this nowadays because attention is the new currency and your competing with virtually everyone for that users attention, and engagement with your app. Even if it's a great app- success is still not guaranteed, you have to market it right. That's a whole other ball game, if you don't take this seriously- you will fail.

My suggestion is to form a team, build out a demo and if your idea is truly earth ground breaking- seek a publisher for marketing it. Luck is when preparation and opportunity meet- be prepared, and Good luck.

Deborah Callahan Founder of Wanderstarr.com

March 17th, 2017

Mike Amerson Thank you very much for your honesty, What you said makes so much sense, I am learning as I go & I take very seriously the feedback I receive.

Rammohan Raja Software, hardware and a little marketing.

March 23rd, 2017

This is what I learnt from my failures. Get users... that is what matters. Once you build the MVP get people to use it. If your users love it then investors will follow and you can dictate the terms to the investors.

Deborah Callahan Founder of Wanderstarr.com

Last updated on March 24th, 2017

Rammohan Raja would you be willing to talk with me a bit further about this?

Here's my email: wanderstarr@hotmail.com