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Chamarti Sreekar
Passionate about Pos... • 5m
So if you've built a product, then here's how you could raise some VC money for it. 1.The first is show a working prototype. Show the VCs what it is that your product can do, what are the features that you've built. 2.The second is show some customer love. It does not need to be thousands of users, even a few users using your product to solve a very specific problem in their lives. 3.Third point, which is a very important point, is prove to these VCs that there are many such customers in the market. Show them that the market is very large and there are enough customers out there that you could actually go out and acquire if you had the money to spend on marketing. 4.The fourth point is how can you monetize these customers? So are you creating enough value for these customers that they are ready to pay for this product? Now there you need to think about monetization strategies. 5.The fifth one, which is prove to the VCs why you are the right team to build this product. This could be on the basis of your background, on the basis of the work that you've done in the past. But you have to prove to VCs that you are the best team to build this product. If you are able to do these five things, then I would say that you can raise money for a product very easily today
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