Convergence VC

One of many essential things for a startup company is a capital or funding. Many startups are failed to grow bigger because they are lack of funding; even they are failed before releasing products or service. Therefore, it is really important to plan your startup financial for the sake of avoiding failure. These days, there are many ways to get money to develop your startup. Numerous programs which support startup funding are also often held, especially in developed countries. With a good preparation, a startup can be funded by many parties. Here are some possible ways to get your startup funded without any risk.

The first one is by having self-funding or bootstrapping. It means that you provide the financial needs by yourself by using personal money. You can also use money borrowed from your friends or family. It is a simple and easy way to do startup funding. If you can’t do that, you can move to business loan provided by banks or non-banking companies. However, it usually requires a lot of conditions which is quite hard to be applied. If it is impossible for you, then you can move to a crowdfunding platform. In crowdfunding platform, you need to present your product in detail to attract customers. If they are interested in your product, your financial needs will be safe.

Another way to get your startup funded is by looking for a venture capitalist. However, it is quite difficult since the capitalist has some strict considerations for dropping an investment. Even though it is hard, it doesn’t mean impossible. Usually, they are interested in a company which has a unique idea and qualified team. Lastly, you can also try a startup competition or look for an angel investor. In final, startup funding can come from various ways. All you need to do is looking for the opportunities.