Failing to raise £150,000 and my personal lessons to learn

  1. Seed Funding (£0 — £250,000)
    The initial funding to help a business get off the ground
  2. Series A (£1,000,000 — £9,000,000)
    Second round to help boost the business and scale
  3. Series B (£25,000,000 — £60,000,000)
    The third round of funding to help solidify the business, scale to millions of users and take the business to multiple countries
  1. Business Plan
  2. Logo
  3. Some ambitious lads
  4. Website
#Quote 1
#Quote 2
#Quote 3
  1. Have a product
    It’s so easy to have an idea but you have to prove to investors that you have a valuable product or an idea that is so unique and distributive that it’s worth the investment. Which is very hard to do.
  2. Have sales
    Without any proven sales your business is worthless. You have nothing to give and the investor has everything to lose.
  3. Get user feedback
    Without users, you can’t make money. So you need users and their feedback to help build the product and then make it into a viable business.
  4. Put your money where your mouth is — Invest your own money
    If investors are going to be putting it, potentially millions, they want to know that you’ve invested into the business as well. So if you truly believe in it — invest in yourself.

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