How to find venture capital for my start-up?
- posted by: MikiBelavista on 2016-11-28
- tagged:
startup-costs, venture-capital
- score: 2
I will open company in Brazil(technical consultancy).I need at least 70k USD to buy the equipment.How to find someone(venture capitalist I guess) to financially support this?I have worked only in Academia(outside the business world) but I have sufficient technical knowledge.
Answer 11602
- posted by: Nitai on 2016-11-29
- score: 7
There are different stages how to run and build a business. When you are just starting out, you are expected to invest a lot of time and money, i.e. your money.
Before a VC invested in your company you need to have customers and revenue. Before that, no one will realty invest in you.
That said, this is usually how it goes:
- Friends and family: Ask family and friends to invest. This is how you get off the ground. The usual investment can be up to a 100k.
- Angel investors: once your business plan has proven to have a future you can look for angel investors. The barrier is usually not so high as with VC’s. Investment range is usually up to 1 million.
- Series A: Here we are talking millions and usually VC’s have knocked on your door already. Investment amount can be millions.
- Series B: Welcome to the millionaires. Your business is really growing like crazy and you want to expand further.
I hope this gives some insight. I wish you all the success.
Answer 11613
- posted by: D J Sims on 2016-12-01
- score: 2
Its really not possible to just get funding.
The people who get funding are generally:
- In the Harvard/Stanford alumni social circle
- Have lots of rich friends
- Or have some sort of institutional backing already e.g. Quora
You are better off making another way and then funding out of pocket.
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