New app seeking pre-revenue funding

New IAM🐼
Apr 7 12 Comments

I've recently launched a new stock charting app on the Play Store. I have bootstrapped it with my friend/co-founder from the start but monthly expenses have creeped up pretty high with server fees, API fees, freelance developer cost, etc.

We have a bit of user traction and been actively seeking funding but we keep hitting the same roadblock. No revenue, yet. We have plans in the coming few months to implement a subscription service. Just not quite there yet.

Do you know any great resources or contacts for getting pre-revenue funding? Or any tips?

(PS - Seattle contacts would be a plus for in person exchange with an investor of company)

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TOP 12 Comments
  • What’s the monthly cost, MAUs, retention rate, user acquisition costs etc. Where are you using the money? if you don’t know or able to provide some of this, you are not ready for funding yet. Also, just want an investor to fund monthly bills is a red flag to an investor.
    Apr 7 2
    • New ApWI10
      what is MAU ?
      Apr 7
    • Cruise Automation sl1msh4dy
      Monthly active users. DAU is same except daily
      Apr 7
  • Amazon hot 🍞
    Maybe you're not aware of how many people have done exactly what you've done. Nothing you wrote screams exceptional.
    I wouldn't invest. You need something to differentiate and show success, for example "our app has week over week growth averaging 1000% for the past 6 weeks." Now you would have my attention.
    Apr 7 1
    • New ApWI10
      You do not need to be super exceptional to get a user base. You need to be have a good working model.
      Apr 7
  • Tesla bICb68
    Nobody expects revenue, but you have to have a strong business model.
    If you don’t have your app on iPhone you’ve already failed.
    Share the link please.
    Apr 7 0
  • Facebook public2
    Since when is no revenue a blocker for funding? Something doesn't add up. What are vcs telling you?
    Apr 7 1
    • New IAM🐼
      OP
      It's a mix of lack of revenue and currently a small user base. It may be a bit premature to seek funding maybe but things are just getting pricey having to self fund everything. Need an investor that sees the same vision and potential that I do maybe
      Apr 7
  • OpenTable Meliodas
    No one is going to pay for a stock charting app on Android. Stock charting is offered by everyone for free and Android users are frugal. That is why you can’t find funding.
    Apr 7 0
  • New oramsa
    If you want to cut down on freelance developer cost, dm me
    Apr 16 0
  • Airbnb bluejayy
    Name of the app?
    Apr 7 0
  • New luvr
    You have not even listed value proposition of your app. Until then it's just another app. If you can't explain it to this community, you need to work on your USP.

    Try buying traffic and get some user base going.
    Apr 7 0

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