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Hey guys I am founder of a stock broking application "brokerbuddy" and we are in our early stage i have invested all my savings in the startup and now i am applying for a loan under ctsme sceme of 10 lakh for further development,do u think it's a mis

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Akhilesh Tripathi

Stealth • 5m

Hi Viral, First of thanks to your courage and dedication for product development. But I would like to suggest that don't take loan right now and don't chase for VC they are not going to help you any way in early stage. VC only help when you need money to scale or you have strong background like IIT/IIM or strong connections. I would suggest you should development product first atleast MVP and start a job in another this will help you money required to run the product. I also have gone through these things so I would suggest taking risk looks good but if by chance it fails you will start suffering to survive your products as money is really important these days as you have heard Nikil Kamat interview on making zerodha in 2024 it's very tough. Rest is your decision. Best of luck for your product.

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