Tag: #venturecapital

Important Steps Startup Founders Must Follow to Raise Money
Coaching, Startup Talk

Important Steps Startup Founders Must Follow to Raise Money

According to a recent survey, 94% of new businesses fail during the first year of operation. Lack of funding is one of the major reasons. Capital is the backbone of any business. Entrepreneurs usually ask how to raise money for their startups. Here we have listed some of the steps on how to raise startup capital for your business. 1) Decide on your Main Feature(MVP) What is the one thing that your product does very well? MVP is based on the concept that you can provide sufficient customer value by delivering minimal features that early adopters will use. A lean team can usually build one feature fast than burning out. 2) Create a prototype The prototype not only shows how the product will work but, even more importantly, it proves that you’re a knowledgeable entrepreneur de...