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Murali

MBBS, MD • 21d

Hi, What is the best approach to convert an "Unique 💡" into reality? 1) Bootstrapping and start with low budget, build an MVP later go for full app development. 2) Approaching the Venture Capitals. I already wireframed the idea and looking for UX/UI designers and App developers ( approached many but lack of trust issues I'm unable to explain everything to them). Is it wise to go to venture capitals or individual investors at this stage ( kind of a pre seed stage) ? "As the idea is unique". Please help regarding this. Thank you.

Bootstrapping with MVP

Full fledging with VC

Votes: 49

3 replies11 likes

Replies (3)

Amanat Prakash

Building xces • 21d

Bro, let's be honest and real—pre-seed and early-stage investments are mostly just marketing tactics. Every VC and angel investor claims to be founder-friendly and willing to invest in early-stage startups, but the reality is different. They only invest in those who have connections with them. Without a strong network or a proven track record, no one is going to invest in your idea. They want numbers, an MVP, revenue, a customer base, customer reviews, feedback, etc. Even then, the chances are slim because, for some VCs, seed funding means having a monthly revenue of 50 lakh or more.

1 replies1 like

Amit Maurya

Educate Bharat • 20d

give your number

0 replies

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