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  2. Funding options for your startup or project

Funding options for your startup or project

Kayode Odeleye
4 replies
Hello hunters, If you had a choice, which funding option would you choose and why?

Replies

Ashkan Eliasy
Caena
Caena
Angels because they are supportive, less aggressive and more approachable, particularly at pre-seed and seed stages.
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Glen Oliveiro
If you can afford it, bootstrap in the early days. Next step for me personally would be Angels to get at least a few hundred '000 to scale the business. Once the proof points are there, and your start-up is able to tangibly demonstrate the trending up on your revenue chart, then you've got strong financial metrics to go to VCs for the next growth phase.
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Kayode Odeleye
Kayode Odeleye
Who Wants to Be a Unicorn (Unicorn Game)
Who Wants to Be a Unicorn (Unicorn Game)
@oglen Glen, bootstrapping is painful That said it is by far the best approach in the early days. I’ll go as far as to say founders should avoid VCs completely Angels, grants, cashflow, side gigs. Anything but VCs unless it’s absolutely necessary
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