Bootstrapping
If you are at the ideation stage, you will start with borrowings/loans from your family, friends, and from your savings.
this is called Bootstrapping or Pre-Seed funding. At this stage startups mostly concentrate on building MVP( Minimum Viable Product).
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one of the main phases for any startup or a business is Funding, if it's done right, the growth of the startup will be so great. knowing about the types of funding is most important for any founder, hope this helps you :)
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Find your MVP
Think about what would make a good MVP (Minimum Viable Product) for your problem.
Get creative in what you consider an MVP. Maybe showing random strangers at Starbucks a napkin drawing of your app’s layout would be good enough for example.
Minimum Viable Product
The Minimum Viable Product is the simplest, most basic form of a product or service, which can be sold in the market. This doesn't have all of the bells and whistles but has enough features to work. Basically, it is good enough but not perfect.
Releasing an MVP allows one to get feedback at...
Build #step-1
- For a startup, you need to start creating a Minimum Viable Product (MVP) as soon as possible.
- MVP is a version of a product that allows you to start the Build-Measure-Learn cycle with minimal effort, spending as little development time as possible.
- Such a crude product may b...
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