funding decision

Intel / Eng
Jane D

Intel Eng

PRE
Microsoft
BIO
Analytics, 'data' science
Jane Dmore
Sep 25 6 Comments

how do we decide for start up which funding option is better ? like collect from friends, or angel investors or go to VC. we have all working product me and my cofounder debating. For future scaling purposes I prefer VC. In the awake recent CEOs kickout VC route not liking it. thoughts folks?

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TOP 6 Comments
  • Is it a product or a service? How much money will it be needing and in what intervals? What is the traction?
    Sep 25 2
    • Intel / Eng
      Jane D

      Intel Eng

      PRE
      Microsoft
      BIO
      Analytics, 'data' science
      Jane Dmore
      OP
      It is a service. We don’t know how much we need. Expecting 100000 orders in a year with avg order value of $5.
      Sep 25
    • Find out how much you need and in what intervals. Find out the traction
      Sep 25
  • That’s nice. Have you thought of crowdfunding as well?
    Sep 25 0
  • Intel / Eng
    Jane D

    Intel Eng

    PRE
    Microsoft
    BIO
    Analytics, 'data' science
    Jane Dmore
    OP
    We have are planning to gain 1000 users in NC area. Target is month. No active registrations yet as we didn’t release to test users. But in two months we want to onboard 1000 users.
    Sep 25 0
  • Intel / Eng
    Jane D

    Intel Eng

    PRE
    Microsoft
    BIO
    Analytics, 'data' science
    Jane Dmore
    OP
    Ok.
    Sep 25 0

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