I started my company a few months ago and I have always been on guard for potential funding that would help me grow it faster. At the very early stage, I would pitch my idea to angel investors that were all asking me for a proof of concept and a prototype, while others dictated me what team members I should bring on board (I still remember vividly the guy who insisted I get a tech co-founder even though my venture is a retail company). I was facing the chicken-and-egg problem: I needed capital to move forward but I needed a prototype to get funding. Fortunately, scientists solved the problem (it's the egg that came first), but in the seed funding case I don't think a solution has been found. I have friends who received funding in two weeks by pitching the idea and relying heavily on data that came from market research, while others took very long time to raise a round and their company has already been generating revenue.
To read the full, original article click on this link: Anastasia Roumelioti: Early Stage Funding? More Like Fun-'dying'
