Are you first-time entrepreneurs? If not, you might not even need an accelerator. Pitching accelerators is essentially pitching investors, so getting interest from three accelerators is an indication that you might be ready to raise. If you are first-time entrepreneurs, an accelerator could be ...
Just be transparent and if you can, get a formal letter from that former partner about the situation. Things like that happen!
Two key issues in your question: (1) when you say "majority are making millions" you're not seeing the hundreds of startups that failed in the same space... (2) if it's such a great idea, you should have traction. CHALLENGE: Adding photos to menus is tricky... Good pics are very expensive, an...
I would bootstrap as long as possible. As long as you're able to engage engineering resources for continual product enhancement; the customer support team to ensure customers are churn-proof happy; the marketing team to generate awareness, leads, and optimize the sales process; and the sales te...
Millions of dollars flowing through your platform and you can't monetize it? You can't monetize the website, but you expect to be able to monetize on mobile? Those seem like major disconnects to me. Any investor you approach would think the same thing. Are you a marketplace like Etsy? If so, se...
I haven't spent much time in the philanthropy world, but I've worked with a lot of digital product startups to help them refine their pitches and raise millions of dollars in funding, ranging from seed stage late-stage startups. It sounds like you have two separate, but related, questions here:...
Hi I know you need start up funding and your best bet is to borrow capital or to partner with someone. While there are advantages is getting yourself out there real fast, there are still some pros and cons. I would suggest the following: a) Sit down and do a business plan or a projection for the ...
I would look to see what stage you're at as a start. I've ben through this many times. 1. First study the VC and the partner 2. See what else he has invested in 3. They may be looking to round up their vertical with something similar or to acquire smaller players. If you're not a competitor, ...
I actually pre-sold copies of my book in order to pay for the inital setup and printing costs. Here's my suggestion: 1) Create a list of people you'll invite to the raffle 2) Don't just email people, call them to get them excited about the raffle and ask if they'd participate 3) Have a compelling...
It depends on the size of your round but the honest truth is that none of them are effective by themselves. They can be helpful in constructing the total round, but would almost never be able to raise 100% of the round, assuming you're talking about a true seed round of at least $750k. If you...