I run a non profit startup. I raised some seed funding from my family and friends, all totalling about $1500. This money however couldn't completely build the product and I have an unfinished product. Indeed, what I have doesn't match for the money I spent because I made some pretty bad hiring mistakes. I'm worried now because I need to get the product launched, I mean an MVP and I don't know what to do.
It seems like you are cash-strapped. Option 1 - you can do is give equity instead of cash. Option 2 - you can give experience and no cash. Both of these options will be slower than compensating cash. And, you will have to think about a marketing strategy once you get your MVP done.
Answered 9 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in