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by dshankar
5306 days ago
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Since you're meeting VCs, I will assume you're raising money. 1.) Properly communicate how much money you are raising and why. Understand how much money they normally invest in a startup (don't ask for $5k from someone that normally invests $100k). Figure out how much money you need to operate for 12-18 months or more. This should be primarily based on expected team size & team growth. $10k per head per month is a good estimate (on the low end). A team of six needs approximately $750k for a year. 2.) Focus on the team if you're seed stage 3.) Have a prototype of what you're building 4.) Understand your market well |
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Are there VCs which go as small as $100k? (Honest question here -- all I typically see announced is the sizes of rounds and I don't know how large or small the individual funders in those rounds are.)