Not completely done with MVP and desperately need funding. What should I do?


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I quit my job and have been working full-time on my startup the last 3-4 months. I decided to take the risk of investing everything I had in order to get the product built quickly.

I hired two engineers and a designer and paid them with money out of my own pocket. Our MVP is almost ready but I'm completely strapped for cash.

Based on my calculations, I would need a little over $90K to get to launch.

While we don't have any paying customers yet, almost everyone we've spoken to has shown interest in using our solution.

What can I do to quickly secure about $100K of financing? I don't feel angel investors on AngelList would want to invest in a startup that doesn't have a prototype built yet. In fact most angels only invest in startups that have already had some traction.

The product is a SaaS application that solves a pain SEOs have: it helps them manage link building relationships and figures out which sites they should be establishing a relationship with (and guides them on ways to do it).

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asked Jul 8 '14 at 01:55
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Melissa Mainor
2 points
Get up to $750K in working capital to finance your business: Clarify Capital Business Loans

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