Do you have an idea for a startup and you want an investor? There are different fundraising options for different stages of an early stage startup and it’s good to go after the right ones. Before I explain the difference between them, I want to tell that the best source of funding are customers. That’s what I’d focus on if I were starting a new startup.
Validating my ideas and getting some customers is much more important than attending meet ups and many conferences. Because when you manage to validate the problem, get some customers and then realize that you need more money, it will be much easier to fundraise.
The fundraising options that I have some experience with are:
- FFF (Friends, family and fools)
- Accelerators
- Angel investors
- Venture capitalists (VC)
I've described each of the options in the post on my blog - What are the fundraising options for your new startup?