l'm working on a project that combines top two internet industries (social media and e-learning) to create a first of its kind. The project tosses the world to a unique way of connecting with others around the globe that's based on learning and capacity advancement without loosing the interactivity of a regular social media platform.
The product development has started but currently needs funds to continue. I don't want to go crowdfunding because of the sensitivity of the project. I talked to an angel investor but seem to have his focus in other areas, further tries to get to talk to more investors have not been successful as there are really very few early stage investors out there and they are difficult to find.
I was wondering if anyone in this beautiful community could help with any piece of information, advice or ideas of other options that I can leverage to get funds.
I think it's a lot harder nowadays to get funding because of the sheer quantity of startups that are well, starting up. Seed/angel investors have moved up, further along the lifecycle, where before, an idea would land you seed funds but now, you not only need to have an MVP, you need to have paying customers (if you're a B2B business) or have at least 10000 MAUs (for B2C businesses). Do you have government grants you can apply for? Or perhaps go the incubator/accelerator route?
It really depends on how much money you need. If you need less than $10K, I would try to fund it yourself and get your product to the next level. The further along you are before you start talking to investors - the better.
When it comes to seed stage... there is crowdfunding, friends & family, credit cards, and/or a private loan from a bank.
As the experts say, you need to decide what your "MVP" is... Minimum Viable Product. Feel free to connect and message me. I would love to learn more about your startup.