funding decision

Intel / Eng
Jane D

Go to company page Intel Eng

PRE
Microsoft
BIO
Analytics, 'data' science
Jane D
Sep 25, 2019 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
  • New
    zforzoha

    New

    zforzoha
    Is it a product or a service? How much money will it be needing and in what intervals? What is the traction?
    Sep 25, 2019 2
    • Intel / Eng
      Jane D

      Go to company page Intel Eng

      PRE
      Microsoft
      BIO
      Analytics, 'data' science
      Jane D
      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, 2019
    • New
      zforzoha

      New

      zforzoha
      Find out how much you need and in what intervals. Find out the traction
      Sep 25, 2019
  • New
    zforzoha

    New

    zforzoha
    That’s nice. Have you thought of crowdfunding as well?
    Sep 25, 2019 0
  • Intel / Eng
    Jane D

    Go to company page Intel Eng

    PRE
    Microsoft
    BIO
    Analytics, 'data' science
    Jane D
    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, 2019 0
  • Intel / Eng
    Jane D

    Go to company page Intel Eng

    PRE
    Microsoft
    BIO
    Analytics, 'data' science
    Jane D
    OP
    Ok.
    Sep 25, 2019 0