Home – New Forums Starting your journey Any experience with Venture Capital?

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  • #994337
    Flyingbandit
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    I’m wondering if anyone has any experience with getting funding from Venture Capitalists?
    I mean, do they only help existing businesses grow, or are there any VC funds who help start ups take off from scratch with their ideas?

    #1196119
    Warren Cottis
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    You would have to prove that you can turn lead into gold… you are the ultimate Alchemist to get that support

    #1196120
    Dave Gillen – Former FS Concierge
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    Rarely would they throw money at ideas unless you are a famous inventor with a proven track record of monetising your ideas.

    Usually you’ll need to find a way to prove there is money about to be made. If you’re talking about your app, there are some sources of funding and support to get a prototype or first version built and test your market: For example: http://accelerator.rivercitylabs.net/ which recently had a batch of teams go through this process.

    You could also try attending a Startup Weekend near you to find some developers and get something built and tested. https://startupweekend.org/

    You need to find a way to build something and get your first customers/users cheaply before anyone (including you) would invest a decent amount of money in your business.

    Good luck!

    Dave

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