POSSIBLE WAYS TO GET FUNDING FOR YOUR TECH STARTUP
Even when the trajectory of your tech startup is impressive, commendable and you can lay claims to a high-profit margin, raising funds can be still be a herculean task. While it is beautiful to have great ideas, funding plays an important role in bringing the dreams and ideas to life. What then are the possible ways to get funding? Let’s get into it below!
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FUNDING FROM INCUBATORS AND ACCELERATORS.
Startup accelerator and incubators are organizations that provide a combination of services for online and mobile startups. This includes mentorship, funding, networking, training and much more. They are one of the greatest ways to get funding for your startup.
WHY DO YOU STAND TO GAIN?
The amazing benefits of getting funding from incubators and accelerators include access to many new markets, the mentorship will equip a startup with the technical know-how that will help bridge knowledge-gap and help them make better business decisions, it also helps startups gain insight into emerging markets. The list is endless.
A FEW ACCELERATOR/INCUBATORS YOU MAY WANT TO CHECK OUT.
This list is not exhaustible but have a look at Ycombinator, Venture Catalysts, BuilditAccelerator, Startup yard, Highline Beta and so much more out there.
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ANGEL INVESTORS.
An angel investor, also known as a business angel, informal investor, seed investor is a high-networth individual who provides capital for a business or startup, usually in for exchange for convertible debt or ownership equity. they give funding at the initial stage when the risk is quite high.
ARE THEY REALLY ANGELS? LET’S HAVE A LOOK BELOW!
The benefits of securing funding from an angel investor includes flexible and lower risk financing, guidance and mentorship, credibility and high networking and so much more.
A FEW ANGEL INVESTORS YOU SHOULD KNOW.
This list is inexhaustible but includes Jeff Bezos, Paul Buccheit, Jeff Clavier, Paul Graham and the list goes on.
There are definitely other ways to raise funds but for now, we leave you to these 2. We hope you find them helpful.
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