Questions

Currently I am in early stage of client acquisition for my very unique product as on cloud solution for Salary appraisals in HRTech. Some of my seniors in industry have said, they are willing to invest. Is it the right time to seek funding or should I spend some more money and resources to get some clients on board and then reach them. Thanks in advance.

We've recently raised $500k pre revenue on a startup.

There is not a 'right time' because every investment avenue, fund or 'investor' is very different. You need to understand what type of investors you're pursuing first and then determine what their requirements are. Only then will you know what the right time is.

If it helps, I like to describe it as a black box of confusion, with very little transparency and tons of time wasted going after the wrong people. The more you can understand what's out there, you can better tailor your pitch and timing around your options.


Answered 7 years ago

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