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What Type of Investor does your Startup Need?
This article is mainly for Entrepreneurs who need to determine what type of investor they should look for if they need to raise money. But that answer depends on what stage your current startup is at?
So lets not waste time and dive into the topic. The different stages are
- Idea
- Confirmation
- Creation
- Validation
- Repeatability
- Scalability
- Profitability
- Predictability
Now discuss each of them a little bit.
Idea : This is the stage where you just had an idea and you think it can be a profitable business
Confirmation: You just discussed this idea with some potential customer. And they confirm that they have a need that can be satisfied by the product idea you have .
Creation : After you get the confirmation, you went ahead and created a prototype or MVP(Minimal Viable Product).
Validation :You show it to a potential Customer . And he/she likes the experience and wants to buy it or bought it . That means you are in validation stage.
Repeatability: If you can convince more than 1 Customer to buy your prototype, then you…
