Funding for my startup
Hey guys, I am currently struggling with my startup and it’s product launch. Having talked to most of the VCs and getting ghosted, what should I do? I have built the product and it’s ready to be launched, have a small team but I am a solo founder. Applied to YC and even got referral from 2-3 YC founders, still no interview. Looking for $500k. Let me know if anyone knows anyone ❤️
Ready to be launch? Launch it then! Be frugal with expenses and start getting initial feedback. Use any cohort of early adopters like PH or HN.
VCs, in these times, are very iffy on funding pre seed rounds. Even YC is funding companies who have launched and have some revenue.
All the best in your journey! Don't give up
YC and most VCs tend to avoid solo founders.
You are a pre-launch, solo founder with no revenue or traction in your favour. It would be hard to raise at favourable terms in this market (not impossible).
Get some initial traction. Optionally, get a cofounder who can add immense value.
I'm a YC solo founder. It's not impossible to get in but it took me 3 attempts. I think what worked is I kept on moving/building in the meanwhile, somehow or other. So every application had some progress. Is there any way you can just launch a MVP and focus on traction or do you have to have 500k to start with?
SuperSaiyanGoku
Stealth
a year ago
I need the 500k to start with. If you are in YC as a solo guy can we talk here, would really help ❤️
https://bishalsaha.com/contact
SuperSaiyanGoku
Stealth
a year ago
Please do contact
Kaam36
Stealth
a year ago
@SuperSaiyanGoku which industry are you working in? let's connect, i might be able to connect you with some folks.
SuperSaiyanGoku
Stealth
a year ago
I am working on fintech and in please do contact here
https://bishalsaha.com/contact
SpicyApple
Stealth
a year ago
@SuperSaiyanGoku which industry?
SuperSaiyanGoku
Stealth
a year ago
Fintech
misterwhistler
Stealth
a year ago
Solo founder will be a big red flag for many investors. If you are launching then if it is profitable then go for it. Otherwise look for a potential team and co-founder. Initial funding majorly is done on the team. Traction and all are just small validation points to signal " ok you can do it". Team , Industry & Idea are key themes for investors. Also in India connections play a major role. Reference game has to be strong.
StoicPhilosopher
Stealth
a year ago
@SuperSaiyanGoku what are you working on? Can we connect??
Birdsarentreal
Student
a year ago
This is the hard part where an investor doesn't see the potential and just worries about MVP, traction, shitttt.... have gone through these myself. Keep grinding.