As a rule of thumb it's better for you to continue investing yourself as far as you can. The reasons are: 1. The later you raise money, the more your business should be worth 2. You are able to retain more control of the business 3. Fundraising is very time consuming and will divert your att...
First, you need to talk to an accountant to work out those details so everything is handled legally and correctly. The answer depends a great deal on what kind of company you have set up. If you're an LLC then the profits get distributed to the owners based upon the percentage they own. The rev...
Hi, If you have a good pitch deck and a decent BMC (business model canvas), "all" you need to do is start sending it to investors. There are lots of free, online lists on the internet. The problem isn't finding them, it's making sure that you send the right pitch deck, the perfect emails/contact...
The contract is governed by the state in which the "Subject" of the contract will operate If the Subject should change operating location then the governing body changes. This applies to state laws of course, but not federal laws for obvious reasons.
A prototype will not get you an investor, to be honest. This is just a fallacy. If you can fund the prototype, launch it in the market, get some traction from users. See if your mobile app resonates with your users. You need to track whether your app is able to retain those users so that they k...
The only due diligence a good angel will do are any of the following: 1) Ask anyone who they know that also knows you what they think of you; 2) Use your product to whatever extent possible. 3) Look at what others have invested in that may be competitive. 4) Talk with others who have failed with ...
If you need funding for your business one way or another then I don't see anything being wrong with having your client on board as an investor. Not only do they already know about your business, therefore saving you a fair bit of time and effort that you'd otherwise put into pitching your busine...
Hi there! Best of luck as you complete your college degree. From experience I will try to give you some insight into the world of startups and mobile apps. First some things to consider: 1. You live in a world of social klout 2.Apps must (specially iOS) must be very well developed, otherwise th...
Type of shares are generally split into two: common/ordinary (depending on the jurisdiction) and preferred. The former are granted to founders and employees (most commonly as options with a right to purchase common/ordinary shares). The latter are generally issued to investors and include special...
Having done over 35 different financing rounds over 7 companies I've built in Silicon Valley - you should be giving up 15%-25% dilution in each round with a plan to never raise beyond a Series-C. Investors get equity for money invested, don't start doing "special deals" or it could poison the we...