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Anonymous
Hey I am on Medial • 20h
why it's very hard to get a funding at early stage or idea stage start-up. even we have more revenue model thn competitors and less price for customer thn them. but always Investors questions are around what if competitors copy your idea. and thn I'll reply that we have a unique design. what if customer had 2 choice. rather they pay 2 rs for Alto to use 1 km or they pay 2 rs for mercedes to use 1 km. what will you choose. that's why we came into market. we are providing premium service at competitors price. and competitors has traditional design. I said we have some unique things which competitors doesn't have. and also execution matters. but still my idea rejected. the question is why ? I've applied for the grant to incubation and they've rejected. and the reason is lack of innovation. I've innovative idea but for that I need more funding like 5-6 cr. and for that I am applying to grant so that I can least make a MVP and put product in Market to market fit check. I got rejected.
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