Raise Capital For Your Mobile App Startup

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One of the interesting startups today is, Mobile app startup. For instance, every mobile developer is feeling that his/her idea is unique and thinks, “Wish, I get funding for my mobile app startup” They forget that customers know nothing about the idea, but they are interested in the final product- how it will be useful to them.

You may have a revolutionary idea for the next big app. However,  without funding for  your winning app, that idea will probably never see light of day.

Unlike a business startup, where the entrepreneur knows exactly what he or she’s going to do, what products or services will be offered and how, what will be the monetization model, etc., app developers have little idea about any of these at the initial stages of building the mobile app. User testing throws up curve balls that often call for drastic changes. Most apps go through so many modifications and iterations that the final product will look radically different from the initial idea. For this reason, creating a bound business plan and approaching banks for loans becomes really tough.

So what do you do? Here are a few thoughts to get you started.

Find the perfect co-founder to shoulder the responsibility of launching a new app. A co-founder is a lot more than a friend or shoulder during bad times. Pick a co-founder based on your needs. A tech-savvy co-founder can help you design and build a prototype of your app from scratch without spending a penny on outside developers.

Many startups are tempted to approach Venture Capitalists (VCs) for seed funding. However, the fact remains that less than 3% of seed funding comes from VCs. Instead, angel investors or strategic investors are strong contenders for kick starting your brand new app.

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Adekemi is a Pastor by calling and Dentist by profession. She is the Co-founder of ‘Komplete Woman’ an organization whose aim is to inspire and mentor young women to discover their purpose early. She is an associate fellow of the Royal commonwealth society. She is passionate about God, writing, poetry and influencing the younger generation to fan the flame of their potential.