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by joeblow9999 2523 days ago
how does one even get funding without having an MVP in place? just a detailed mock up? honestly, im shocked you can get funded with just a detailed mock up.
2 comments

Two most common ways:

1. friends and family round.

2. Prior entrepreneur with a known or provable solid track record.

My guess for OP is #1 given the question, but maybe not.

Also, this actually used to be a fairly standard way to raise capital 20 years ago, you'd go to angels or other high net worth individuals with a basic business plan and pitch deck and raise on an idea and team. You might have mock ups (or non-functional prototypes) and/or a really basic product started but rare it would even be classified as an MVP in todays terms.

Kevin Hale did a video on Startup Ideas and in it, he mentioned some of the business (wufoo, reddit, etc) that got into Y Combinator and/or received investment just with an idea without writing any code at all. So it does seem possible even if you're not an outlier. https://www.youtube.com/watch?v=DOtCl5PU8F0