I run a non profit startup. I raised some seed funding from my family and friends, all totalling about $1500. This money however couldn't completely build the product and I have an unfinished product. Indeed, what I have doesn't match for the money I spent because I made some pretty bad hiring mistakes. I'm worried now because I need to get the product launched, I mean an MVP and I don't know what to do.
It seems like you are cash-strapped. Option 1 - you can do is give equity instead of cash. Option 2 - you can give experience and no cash. Both of these options will be slower than compensating cash. And, you will have to think about a marketing strategy once you get your MVP done.
Answered 10 years ago
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