Fundraising tips for first-time startup founders

Re:Fundraising tips for first-time startup founders by neilxdsouza on Monday August 19, 2013 @01:24AM (#6235782)

Investing in India is very nascent. I think You need to have a fully working company with customers to raise seed money.

We have planned 5 products in our suite, 1 of which is in production use and 3 in advanced prototype and it was not enough to get into an accelerator program.

Also not sure if angel investors here understand what is seed money. Currently in the US, seed money that YC offers is about 11k to 18k USD. The angel firm we were speaking to mentioned an amount of about INR 10 million (which is way above even the US amount as seed).

INR 0.5 mil would be enough as seed money here, but I think nobody wants to take this early stage risk here.

We have eventually got into an accelerator program at iim-a, but that is because we won a contest.

*Edit (grammar)

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Re:Fundraising tips for first-time startup founders by ankit_oberoi on Monday August 19, 2013 @03:09AM (#6236009)

Correct. The Investor mindset is a bit different and they look for more safer bets.

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Re:Fundraising tips for first-time startup founders by LekkoscPiwa on Monday August 19, 2013 @04:29AM (#6236178)

Thank you for your replies. It's very similar to this, here in Poland. The emerging markets have a lot of common characteristics. However, I didn't expect risk taking aversion to be one of them. Maybe just an "American thing" to be bold and take risks. Might be this that can't be replicated elsewhere :-(

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Re:Fundraising tips for first-time startup founders by ankit_oberoi on Monday August 19, 2013 @08:16AM (#6236773)

umm.. I think its more to do with time. Someone sometime in your region will fund that crazy start up, waiting to explode. Others will follow suit after that.

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