Lifecycle of an app
I have an MVP of an application I really wanted to work on -- My passion project. I want to understand the lifecycle of launching an app from someone who has done it before/knows about it. What should my next step be?
Have made a social media app launched it on campus and within few hours we have 200 users and almost 1.5k posts also there is good feedback and users are suggesting various use cases also we have a business model figured out How do i meet potential investors in bengaluru I will not take more than 10 minutes to show them the product What should i be doing at this stage
Congrats buddy š
Launching an app and getting initial traction is no mean feat.
IMHO, it's very early to approach any investor at this stage because 200 is quite an insignificant sample size.
Scale it to at least 10K+ users and your pitch may have some weight.
Also, when you have a reasonably sizeable audience, you can fine-tune your app further and make it more market-ready.
I have no money to do so as the app that i wanted to build is nowhere close to my vision i coded and made live the whole thing and i need money to scale it
You can pitch this and get AWS or GCP grants to cover your cloud computing costs.
Focus on building retention and engagement on the platform. Since it's a social media app, the monetization models would highly depend on the engagement. Don't go to VCs. If required, run it bootstrapped or take a Friends family round
I have figured out monetization and i need seed
How much are you looking to raise?
DM me your linkedin sir
Good start, but too early to meet any investors. First grow the app, solve retention problem which Iām sure will be there. Generate real revenue and eventually hope an investor invites you to talk.
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