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Where do startups usually get funding in the early stages? Is it usually just friends and family? I have a friend who is trying to do an engineering startup which needs almost a million dollars in the first year to get it off the ground. Where would he even get access to this kind of money so early in the game (I guess designing computer hardware is expensive?)? He has a bunch of patents filed so is IP is protected, but I can't dream of any investors that would put so much money in so early. Where would he go: hedge funds? wall street? And in today's environment is it likely he would get that type of funding? Edit: This guy's company isn't a pipe dream or fly by night. He's done a bunch of prototypes and has numerous patents filed, and has a proper CEO that isn't some buddy of the street. I'm just wondering where all this capital would even come from.
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Sep 23, 2011 23:09
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| # ¿ May 3, 2024 00:45 |
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unixbeard posted:Go to SF and start sucking cocks. There is a boom on right now driving by walls of money looking for a home thanks to zero interest rates. There's a bunch of VC events or just try and set up meetings with whoever will listen. One mil isn't really that much, if anything you want to aim high, a guy with 100 mil would probably rather give 10 mil to 10 people than 1 mil to 100 people. So basically he's got to get a powerpoint deck together and pitch to whoever will listen? I'm sure his CEO is trying to ring people up and set up meetings right now for them, if he's a decent CEO. I'm just curious as to the funding environment because he seems to be nervous about the availability due to the ongoing economic crisis.
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Sep 24, 2011 02:46
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