You should network with startup scene in the field that you are trained in. Getting VC and angel funding is a huge part of it, and probably the easiest way to make your first few million. The best way to present your business proposal is to have a solid prototype, much better if you have customers already. I took this course, and that’s what I learned from it.
Else you have to either climb the corporate ladder, which is slow, or get lucky in investing which requires a substantial initial investment. For a few million, I would consider $100k the absolute minimum.
I’ll have to give the whole “make a product prototype” thing another try. I’ve been postponing that until have I employees, but maybe hacking together a prototype is good enough to impress some angel investor.
I’ve personally not had much success in seeking out VC and angel investors. Not that I actually tried. I’ve always focused on the technical side of things, but that’s just a result of my educational background. I think the skill required for this is just general social networking that aren’t really domain specific. The work involved to get funding has very little to do with the R&D side of things. It’s just how the world has come to be. Of the teams I’ve worked with on micro-startups of less than 5 people, we’ve not had much success seeking out funding sources, so I can’t really give you much advice there.
You should network with startup scene in the field that you are trained in. Getting VC and angel funding is a huge part of it, and probably the easiest way to make your first few million. The best way to present your business proposal is to have a solid prototype, much better if you have customers already. I took this course, and that’s what I learned from it.
Else you have to either climb the corporate ladder, which is slow, or get lucky in investing which requires a substantial initial investment. For a few million, I would consider $100k the absolute minimum.
I’ll have to give the whole “make a product prototype” thing another try. I’ve been postponing that until have I employees, but maybe hacking together a prototype is good enough to impress some angel investor.
I’ve personally not had much success in seeking out VC and angel investors. Not that I actually tried. I’ve always focused on the technical side of things, but that’s just a result of my educational background. I think the skill required for this is just general social networking that aren’t really domain specific. The work involved to get funding has very little to do with the R&D side of things. It’s just how the world has come to be. Of the teams I’ve worked with on micro-startups of less than 5 people, we’ve not had much success seeking out funding sources, so I can’t really give you much advice there.