Startups Anonymous Est. 2013 · Read-only archive
Confessions

I have no idea what to do next. Great product? Yes. Big market? Yes (116M)Strong team? YesBut now what? No idea how to seek money. Send a pitch email and never get a response? Probably. So why bother? Move to San Fran? Not an option.

7 answers from the community

AAnonymous· Feb 10, 2015

You've got a great product. So what about revenue?

AAnonymous· Feb 10, 2015

Zero revenue because we need a healthy Angel round to get off the ground. See: https://startupsanonymous.com/question/bootstrapped-startup-needs-400k-move-forward-now

AAnonymous· Feb 11, 2015

If you're the poster asking for a $400k Angel round then the advice in that thread applies.

AAnonymous· Feb 12, 2015

Why is moving to SF not an option?

AAnonymous· Feb 14, 2015

$116M is not a big market for a VC. You should really consider how you can bootstrap.

AAnonymous· Feb 14, 2015

No, not $116M as in dollars. It's 116M in customer base. The market itself is $70B.

AAnonymous· Feb 17, 2015

Whenever I see a gigantic number like $70B, I roll my eyes.

What it tells me is - unless you're literally making gold from crap - you haven't done your market research.

$70B - which is assuredly a gigantic, top level market domain, is never addressable even by the absolutely largest multinationals. What is the <em>actual</em> demographic you serve? What is the <em>actual</em> need you fulfill, and the types of people or businesses that would pay you for that fulfillment? I guarantee it ain't $70B.