How to attract SeedFunding for a very early stage startup
How to attract SeedFunding in India for a very early stage startup.
thanking in advance.
Good Answers (3)
Mogens T.
Entrepreneurship Evangelist
Best Answers in: Starting Up (10), Business Plans (7), Small Business (3), Incorporation (2), Internationalization and Localization (1), Contracts (1), Internet Marketing (1)
Hi
First you need to write down your ideas and plans for your startup. Then you have something to show any investor /SeedFunding.
If you want to get an overview on how to start a business, a good place to start is at www.dynamicbusinessplan.com. From here you can develop your own idea using the framework you read about in Link no. 1.
As a framework to build your own business - and to satisfy the information need from the bank - you should fill out the business plan template which you can download in a word document.
The business plan template asks you about 80 business questions. Answer the ones you find relevant for your kind of business.
You find the business plan and budget templates in Link no. 2
You find specific information about starting a business in India from Link no.3 Maybe you also here can find any governmental seed capital
Good luck in your new venture.
ys
Mogens
Links:
Siddharta G.
Creating lean and agile tools to help companies deliver better software, faster | siddharta@silverstripesoftware.com
Hi Vijay, Assuming that you have got your business plan and company pitch in place, then there are various avenues to find seed funding.
1. Angel Investors & High Net Worth Individuals: There are angel investors in India and there are also angel networks. Mumbai Angels, Band of Angels India and Indian Angel Network are some of them (I've put the links in the Web Resources). Also check out funds like SeedFund (seedfund.in)
2. Personal, Friends & Family: Obvious source, especially if the seed capital required is low.
3. Attend startup focused events: TiE meets in your local city, Proto.in, Headstart.in, OpenCoffee Club in your city. Not only is it an opportunity to meet other entrepreneurs (some who might have got funding), you may also run into angels or people who know them. Some organisations like TiE have small funds that they use for seed investments. You may also find entrepreneurs who have sold their companies and are interested in funding small amounts. Network at these places to find the people you want to talk to. Many of these events also have sections where you can pitch to VCs.
Generally speaking, closing funding is still hard. However, it is quickly improving with more events, coverage and awareness of startups in India. Hope the above pointers help.
Links:
Robert W. P.
Global Business Advisor | Author | Global Entrepreneurship Institute
Best Answers in: Venture Capital and Private Equity (8), Starting Up (6), Business Plans (2), Economics (1), Business Development (1), Business Analytics (1), Small Business (1)
Hello Vijay,
I hear what you are saying. Wow, this topic seems to be very popular on the LinkedIn forum here!
Just take your time to carefully research and understand how the private equity, risk capital, venture capital works.
I have included our Web resources about venture capital in the link below.
We mentor many entrepreneurs and know what you are facing right now. Here's some information we share with them:
How do we manage the venture drill process?
http://blog.gcase.org/archives/127
How do we negotiate a deal with investors?
http://blog.gcase.org/archives/128
What are angel investors?
http://blog.gcase.org/archives/80
What are venture capitalists?
http://blog.gcase.org/archives/79
How do we find investors?
http://blog.gcase.org/archives/124
How does a venture capital firm screen deals?
http://blog.gcase.org/archives/180
How do you know you have the right investor?
http://blog.gcase.org/archives/217
How does the venture capital industry work?
http://blog.gcase.org/archives/98
What is the venture drill for raising money?
http://blog.gcase.org/archives/86
We are the think tank for global entrepreneurs. Founded in 1998, the Global Entrepreneurship Institute is a non-profit 501(c) 3 educational organization with the specific mission of advancing studies on entrepreneurship around the world.
We have helped entrepreneurs raise more than $100 million and create companies that are worth hundred of millions of dollars. We can help you with your business plan and to help facilitate introductions to investors and professional service advisors.
Please feel free to contact me via my email address below.
Dream It! Plan It! Do It!
Robert W. Price
Global Entrepreneurship Institute
robert@gcase.org
http://www.gcase.org
http://www.linkedin.com/in/robertwprice
Links:
More Answers (1)
James M.
Enterprise Architect at Hewlett-Packard
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Would you consider moving the startup to the US?
