First time entrepreneurs, for the most part, do not qualify for Concept Financing. If you are hitting up pre-seed VCs in search of Concept Financing, you are wasting your time.
If you are a technical founder with domain knowledge of what you want to build, validate your idea with CUSTOMERS.
SELL first, THEN BUILD.
SELL first. THEN do your MVP.
THEN SELL again.
Close deals.
If you are a non-technical founder with domain knowledge of what you want to build, Validate your idea with CUSTOMERS.
Then either find a technical co-founder to build your MVP, or use an outsourcing agency.
Lovable, a Swedish startup, has created an AI-assisted SW development product with which you can build an MVP in a month. Lovable agencies are offering development services for $50-80 / hour.
Either way, close deals.
One more time:
SELL first, THEN BUILD.
SELL first. THEN do your MVP.
THEN SELL again.
Close deals.
If you need help in figuring out what to build, how to position, how to sell, join 1Mby1M Premium.
The 1Mby1M curriculum teaches a proven Bootstrap First, Raise Money Later methodology.
It works.
Don’t reinvent the wheel.
Are you a first-time entrepreneur chasing pre-seed concept financing?
Are you a technical founder or a non-technical founder?