At Nexus(our startup), we're passionate about revolutionizing the way people invest in Stocks and crypto. But as any startup founder can attest, the path to success is often filled with obstacles.
Recently, we encountered a significant roadblock in our quest for funding. A potential investor turned us down, citing that hit us hard: we didn't have a fully functioning MVP.
Now, you might be wondering, what exactly our MVP was showing? Well it wasn't the flashy trading platform we dream of. Instead it considered a basic interface with stock prices displayed here and there. The cold reality is that users couldn't buy or sell any assets, nor could they access other advanced features. Why, you ask ?
The answer lies in the complex regulatory landscape of the financial industry. To facilitate the trading functionality, a platform must obtain a SEBI license. This license requires rigorous compliance with financial regulations, and crucially proof of "financial backing".
Investors won't understand that we need a significant amount of funding to take off. Without it, we'd be swimming in the shallow waters.
