You have a great idea but not funds… welcome in the real world! A very interesting post about this matter, if you search some investors, you should read it. [note mg]
When I talk to my friends who are not currently at startups, or the Silicon Valley, the perception is that VCs and individual investors are throwing around investment dollars like drunken sailors. Outsiders think that there is a bubble, and that any company with two engineers and an idea will get funded (though there is some truth to that in certain cases).
The reality is, competition has never been fiercer for startups, especially at the seed stage, to close a round. The pendulum may have swung for Y Combinator companies, but not everyone else.
I am a non-technical co-founder of Scripted.com – a marketplace for businesses to hire freelance writers. We recently closed a $1M seed round led by an institution (Crosslink Capital) – I wanted to highlight some of the lessons I learned along the way, and pass along a few tidbits for those of you who may be in the same situation.
Read more: http://tcrn.ch/JiUFbv
See on techcrunch.com