Investments

On the MoVe..

Anonymous

September 15th, 2019

I’m am the Founder of MoVe Technologies we are a startup, however we are at an important stage. We have a business plan and great financials to show growth in the immediate. How do we find investors all we need is funding for the creation of the app.

shlomi podgaetz Strategic adviser, angel investor and entrepreneur

September 16th, 2019

investors invests in businesses not in apps. So think about the business you are building and how the app plays a role.

I know very few people who will give money just to build an app as very few apps make money.


If you are just starting, normally you will need to build something with very limited funds (maybe do a small round from friends and family) to be able to build an MVP and get some product market fit validation and only after you should be reaching out to investors with a viable business concept

Milan Kazarka (mobile/iOS,PHP,) product development generalist - ( #hitech AI, TTS, Telematics, face recognition)

September 16th, 2019

Oh yeah - the creation of the actual product is a detail.


I don't want to go on a rant, but there's so many 'founders' who market the actual product development as 'the only thing we need is the actual thing we want to sell' and 'we just need to develop this and that'. I actually really appreciate people like Michal Stencl the founder of Sygic who has been a developer and then became sales / marketing expert. Outsourcing agencies that are on a race to bottom are actually not helping the whole notion, because they empower the idea that you can develop any idea - not consulting on the.. actual idea. So then the role of the technical co-founder or the developers becomes / is marketed as just a detail to overcome. It is not.

Brendan LaCorte Sales and Marketing founder working on a startup now looking for an experienced web developer.

September 16th, 2019

I would look for a firm that specializes in early-stage companies(seed investing) to get your product built. The earlier the stage of the company the more risk an investor is going to have and therefore the more equity they will want in your company. If you can get the app built yourself, get users on board, and start generating revenue you will have a much easier time seeking investment plus you won't have to give as much away.

Anonymous

September 16th, 2019

If you are developing an app , you should not be asking for cash from investors at all. You should develop a working software yourself (on a Ramen diet) and protect it by all means possible (web app, closed code). After you have a working product ( and, better yet, some client base and the rights to a web site), you can ask money for marketing. Asking for money now would get your concept stolen.

About angel -list ... find a few people who tried to get funding there for an app development and learn from their mistakes, not from the advises you hear on cofounderslab.com from random people (myself included).

Nirupam Anand Co-founder, Seamless Sports

September 17th, 2019

Agree with Shlomi below. Think about how the app is critical to the next step for your business and articulate that to get a good response from investors.


Also a good idea to think of other bottleneck areas that may need funding to show that you are comprehensive and not uni-focused on the app.

Marcin Brukiewicz Full-stack dev & MD

September 15th, 2019

There are few ways you can find investors for your startup. Here are just a few:

1. AngelList

2. Crunchbase

3. An awesome list of 100 VC funds in Europe: https://blog.salesflare.com/top-early-stage-venture-capital-investors-europe


You can also just try to find VC funds in your country/ city – they have pretty clear websites with an explanation how to apply.


PS See also things like YCombinator and their startup school.

Vedvyas V Cofounder & Director Maywell Electric Private Limited, Renewable Energy company

September 16th, 2019

Investors or VC's don't like to invest in apps, they are keen on prototypes. It will kill your time if you looking for same. Try to partner with one or two who can design an app and offer them a sweat equity in your startup.It is more possible way and you can have more access to customize your app whenever needed.

Ryan Farber I'm an individual looking to build some cool stuff

September 16th, 2019

Dear Anonymous,


Asking the question, "How do we find investors?" boggles my mind in todays age especially with Google and the wealth of knowledge we have to date.


This does not make your question dumb or stupid. I'm just hinting at digging a little deeper when it comes to your startup which you seem invested in. You have built at least a beta from what it sounds like when you said you have great financials to show growth in the immediate. You have also come up with a business plan which is awesome!


Here are a couple questions I'll leave you with:


1. What is stopping you from seeking the knowledge of how to find investors?

2. Could you have presented a different question with a more depth?

3. What are some other ways to build your app without investors?


Best of luck and keep the questions coming!

Emenike Olome Co-founder and CEO @LOANCITY.COM

September 15th, 2019

Angellist.com