The best fundraising method is 1. Know the space better than the VCs 2. Achieve results faster than the “silicon valley standard” 3. Believe in yourself and your team - as a founder you are always investor #1https://twitter.com/paulg/status/1090180727315070976 …
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it’s hard to build a product without any money. it’s hard to get a paying customer without any product. at least imo.
Depends on the product. Facebook probably cost in the hundreds, if not tens, of dollars to get rolling, whereas Boom will have to raise tens if not hundreds of millions.
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Absolutely. But even if it costs hundreds of dollars, the engineers have to be paid a bare minimum wage. And that's the reason for a seed round - raise a seed round for 2-3 engineers to work for a year establish product market fit with the CEO and maybe a Head of BD/VP of Sales
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The engineers don't have to be paid anything if they're you, which is part of the reason startups started by technical people do better.
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