You will connect with venture capital (VC) firms and angel investors to get more investment.
Now, you need to get more cash to get things one level up. You have given a share of 10% to your father for the seed funding.
#GOODDEED STARTUP INVESTMENT SERIES#
And, if it does for at least two years, you will be eligible to get series A funding. If it survives, your investors will be able to double their money in just a few years, and if it fails, they will lose all their hard-earned money in months.įor this article, we will assume that the startup will survive. The problem is, this is one of the riskiest investments.īecause you can’t prove that your business will survive. It can be around $50,000 or $500,000 depending on how convincing presentation you make and the amount you require to take your business off the ground. Seed funding is the initial startup funding you get for your business. Let’s see how many rounds does an average startup goes through and why. If a startup has to survive, it will go through multiple rounds of funding. Once you have funding from your relatives, you can survive for a year or two, But once you are out of that what do you do? Read below. Later, they were able to turn this initial funding for startup into millions of dollars for themselves, and their family, with sheer hard work and smart decisions. In fact, top business celebrities like Nick Woodman, Donald Trump, Kim Kardashian, Elon Musk, Jeff Bezos, and many others took funds from their parents when they were in the early stages of their business. Your mom, your dad, they will believe you even if your idea is picking trash – trash can sell too. And, the bad news is that you can’t get funding for your startup from anyone who is not even believing your idea. Getting funds for your startup is not easy, especially when it has no product or service to offer.
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