SGC Angels

  Setting up a startup is an exciting and exhausting adventure, but before any idea can become a successful business, it requires funding. Pre- seed funding is one of the first and most important steps in fundraising. It helps turn an idea into a doable product or service.   This blog will guide you through pre- seed funding, how to obtain it and its importance for startup success.   What is Pre-Seed Funding?   Pre-Seed funding is the initial capital raised by a startup to develop its core idea, build a prototype and validate its market potential. This funding stage usually happens before the business starts incurring revenue and involves investments from founders, angel investors or family & friends.   Unlike all the later funding rounds, pre-seed funding’s major focus is getting a startup off the ground rather than scaling it. It also helps in covering essential costs such as product development, market research, hiring key team members and all the legal...

  While starting a business is an exciting journey, getting the capital that they need to get going is one of the most difficult tasks that entrepreneurs must deal with. Having enough money is important for growth and survival whether you're starting a tech company, a store, or a service-based business.      This blog will give you a run through the different ways to secure funding, how to be prepared along with help in increasing your chance of success.   Understanding Your Funding Needs        Before seeking investment, it is critical to understand how much capital is required and what it will be utilized for. Evaluate the start-up costs for your firm, such as equipment, office space, and website Figuring out what you need financially is an essential initial move in getting funding for your startup . What amount of working capital is needed to maintain operations until we reach profitability?        Types of Startu...