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Kranthi

Stealth • 4m

How to start a startup like I have an idea. And is my next step now should I hire a good team and build the app and then raise funds? If so how can I hire team and give salaries with out even funds and it will take some amount at the initial stage. D

Sandeep Vijay

Stealth • 4m

Starting a Start-up is great, Because you need lot of courage to start something. Being an entrepreneur needs lot of confidence, talent, courage, self-belief and most importantly persistence. Before you start you need to know few things about the Start-up methodology. I have list down few for you. 1. Idea Validation - Validate your idea with your close surroundings like friends, Family and Colleagues. If you have access to industry experts, Pitch your idea to them and get their opinion and response. 2. Attend Meet-ups and Events related to your start-up, understand what's happening in the industry, Look if your idea can really make a difference. 3. Write down your complete idea in a piece of paper, this will help you understand your idea even deeper and better. 4. If your idea is a tech idea, and if you are a programmer. Develop a prototype of it.

1 replies3 likes

Replies (1)

Sandeep Vijay

Stealth • 4m

5. Once the prototype is ready, Meet the people who would be fit to build your idea with you, pitch it to them. Convince them to believe in your idea and start working with you. 6. Remember very few VC's fund pre-seed start-ups. So funding from VC's is nearly impossible at this stage. 7. Once your core team is ready, start building the MVP of the product. While building the MVP let the people know you are working on something, this is very important because of someone likes your idea, there might a chance of getting angel funding from them. Mostly friends and family. 7. Once the MVP is ready, valid your product by selling it to your closest people in the industry. 8. Look for Potential VC's who funds the similar industry to your start-up. Connect with the potential VC's via LinkedIn or Cold Mail them with your Pitch-Deck. Remember Solid Pitch-Deck can get you a meeting with them. 10. If the VC likes your idea and ready to fund. Congratulations, You are done.

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