I'm the founder of a social network startup. My family and friends gave me seed money enough to build the product, and though its far from complete, I think the app is like 60% done. The problem is that I live in Ghana, where VC is virtually non-existent. My programmers are in Serbia. It's however obvious that we need external financing to pull our app through. My original plan was to finish the app, bootstrap and get some users, and then reach out for funding. I've formed some good connections on LInkedIn, but I'm wondering if it's even possible to convince someone over the internet to invest in your startup and I don't even know how to do that. Luckily one of my programers is traveling to San Francisco in a month and he wants to help find an investor. The app would be like 90% at that time. Is it possible to get an investor when your app is not completely done? How do we even go about this process of finding investors? I've already read some investment blogs, and followed Paul Graham. I need some real guidance here, possibly someone who will advice me through this process, from now till closing the deal.
I have 25 years of experience working with early stage technology companies and investors.
I’m often asked about fundraising strategies for VC funds and angel investors. After raising capital and exiting from multiple startups and investing through 15 venture funds and dozens of angel investments I have seen thousands of deals.
I’ve found that the most productive use of time for both of us is scheduling a call through my profile.
Answered 5 years ago
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