How does funding work

Cisco / Product
lK23f2

Go to company page Cisco Product

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Cisco Meraki
lK23f2
4d 4 Comments

Hi blind,

This is just about something I’m curious about and a lot of you are wildly successful so I’d love to learn.

1) When you have a great idea, how “developed” (I know this isn’t a great way of wording it but I can’t think of anything better) does the idea need to be before one can begin to shop around for investors?

2) is there a process to searching for funding? Is this purely a networking situation, cold calling/emailing, or is there a relatively established way to get an idea/product in front of the right people.

Again, I know I’m wording this eloquently but I’m also a moron.

Cisco meraki
4 yoe TC 235k

#startup

Upvote this if you’re also curious to see an answer, will help to get this visible to the right folks.

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TOP 4 Comments
  • New
    aTDo26

    New

    aTDo26
    I’ve consulted for a few pre/seed stage start ups. One guy got a few million in pre-seed funding with a Tableau dashboard and a dream. Seemed like most of the success was from networking and good salesmanship.

    Another had a POC product that looked pretty advanced but the underlying code was basically duct taped together.

    So how developed does it need to be? Not very. Neither of these companies were wildly successful though, both have petered out at Series A/B.

    I do think you either need a good network though.
    4d 0
  • Lyric
    shiv-roy

    Go to company page Lyric

    PRE
    Google
    shiv-roy
    Consider YC if you’re serious
    4d 0
  • New
    Fixer71

    New

    Fixer71
    For VCs, it’s got to be something that scales crazy fast. I’ve seen them let companies die because they couldn’t get to a billion fast enough.
    4d 0
  • Apple
    lapislaz

    Go to company page Apple

    lapislaz
    Connections mostly.
    4d 0