Recent content by xfurrier

  1. X

    Selling membership as a way to raise money

    It's the first time we're doing something like this, and there is always "a possibility" (read certainty) that we are underestimating the challenges. However, we believe in this, we are keen to learn and adjust as needed.
  2. X

    Selling membership as a way to raise money

    Yes, we've done a proper business plan, projections, preparing the pitch deck, etc. And, we believe it will be interesting to the investors. The idea of the first stage it to put ourselves in the best possible position when we talk to the investors.
  3. X

    Selling membership as a way to raise money

    MVP will be done by the two of us, both with IT background. 6+ months, 60-80K. That's for the prototype service / app / platform. We've got a few very grateful ppl happy to get our lifetime subscription (10K).
  4. X

    How startup founders get paid?

    With some money from friend and family, we're hoping to get 6-ish month runway. More we find, the longer the runway. The less we spend, the longer the runway. Part of the raised money will go towards our (modest) living expenses. What are our options to get paid? An obvious choice would be the...
  5. X

    Selling membership as a way to raise money

    Already got 3 jobs 😅 and Xbox has never been my thing. The idea is to drop these 3 jobs and have a proper go at this new project. If it work, great. If not - back to 3 jobs. With an idea, a prototype within 3 months (to prove that we can do things quickly and well) and a (small) number of...
  6. X

    Selling membership as a way to raise money

    Of course it's not a reflection of the market - I get that. However, it could be presented (to some extent) like that, although I'm not putting many eggs into that basket. Some of the friends benefitted from our idea/service already and they encouraged us to take it a step further. They are...
  7. X

    Selling membership as a way to raise money

    Initially, we won't need marketing. The whole business cannot succeed without a good and well-placed investor - it's the nature of the business and the environment where we would operate in. At that stage a substantial marketing budget will be required, but that's not a worry now. There are a...
  8. X

    Selling membership as a way to raise money

    Two of us are launching an IT (SaaS) startup, and there is interest from friends and family to support the startup. We'll will work on a prototype over next 6 months and will try to fundraing. Rather than taking loans and/or giving away shares to f&f (there are reasons why we cannot do that)...
See more
Top Bottom
Community
Articles
Menu