Funding options for your startup or project

Kayode Odeleye

1yr ago

4 replies

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

Venture Capital

25%

Bootstrapping

25%

Angels

50%

Debt

Replies

Glen Oliveiro @oglen

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.

Jan 24, 2023

Kayode Odeleye @kayovin1

@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

Jan 31, 2023

Ashkan Eliasy @dr_eliasy

Angels because they are supportive, less aggressive and more approachable, particularly at pre-seed and seed stages.

Jan 13, 2023