We have self-funded the development costs and now we need additional capital for marketing and recruiting talent.
I am looking to invest in start-up companies. Lets talk further about what you are looking for.
Someone actually downvoted Tega for mentioning she is looking to invest in startups???!!! Wait what? And that is bad or deserving of a downvote how? Ivan, do you have a well thought out business plan? If not, create one with financials and footnotes. If you do, then research what investors are in your wheelhouse. Reach out to them.
1st of all, congratulations on your venture.
As you might have already been hearing from the preachers and guru start from your family members and friends. Couple of points.
Be very clear in communicating the risk involved and make them understand they might never see that money again, if things does not work the way it were planned. As these people have been in your life and you do not want to bitter your relationships.
If the above is not the path you want to take. Then 1st try to evaluate your idea and the work you have already done. To understand what is the money you are trying to raise and what percentage of the company you willing to depart with. Start raising funds on kiskstarter and other same kind of platforms. After that start approaching angle investors and venture capitalist. Make a list for these investors and rank them from your least favorites to your top ones. Start from the bottom as that will give you practice of pitching till you get to the top ones. wishing you all the best. Hope I was able to answer your question. Feel free to contact me on my email address email@example.com
Thank you & Take care
To attract outside investment you need team, technology, and traction. If you do not have all three of these, then you are best in a Friends and Family round. Once you prove the 1) market exists, and 2) you can get adoption, and 3) you have a committed team (leadership, not a fully staffed company) of people that know their role perfectly, then you may be able to attract angels. If you have great traction (defined as repeat customers growing daily/weekly/monthly) with a well understood acquisition cost and lifetime value, you may be able to jump to Seed funds instead of angels. In the current environment, with no provable traction at a significant ROI over CAC it will be difficult. Critical in this state is being able to articulate what you do, why anyone will care, who you will compete with, and why you will win. 9 out of 10 startups do not get funded, but 5 of those 9 is because they cannot articulate why anyone should care.