Startup Funding

What do we need to work on to get seed funding for a product having a prototype, orders collected from trade exhibitions ?

Anil Vora Happily selling inventions in 38 countries

March 28th, 2017

If we follow the policy of ‘sell it before we build it’ by making a prototype, display at trade exhibitions, get interest from big-box retailers, how does one go about raising funds to pay the China factories and deliver the goods ? Any suggestion ?

Dane Madsen Organizational and Operational Strategy Consultant

March 28th, 2017

If this is a consumer device, you could do Kickstarter. Be warned, however, there are Kickstarter trolls that take your idea and have a knockoff in the market before you. If it is industrial you need to figure out the demand and have a few prototypes made before you proceed. Your focus group of one will miss much that will make it a commercial success. You may can find contract manufacturers that can build you anything at a price, but they are not cheap. Once you know the cost, then you should find angels that can get excited about it.

Anil Vora Happily selling inventions in 38 countries

March 29th, 2017

Dane Thank you. I did say--orders collected which is 28,000 pieces