Ask yourself these questions if you are a startup

‘’Money matters’’ we have all heard this phrase, especially in terms of start-ups and their first break in market. The concept of seed money is not very old in this part of the country, but it is making a serious entry into the market. Here is what Funding expert and Investment Director at JEL Capital, Noah Stone, had to say about why they are seeding again and what does it take to qualify.

Noah said that seed money is making an impact and attracting investors because this type of investment offers lofty returns with lower cash outlay. According to him, the most important factor for getting seed money in any start-up is the team behind the idea. An idea is important but so is the ability to speak the language of investors. But neither carries as much weight on its own as much as having the right people on your team to carry the idea and taking the startup to the finish line.

Here are few questions to ask yourself; regarding your team before pitching for seed funding:

1-Does your team have a real commitment to the idea? Are they determined and ambitious to make this startup succeed?

2-Is your team flexible? Are they willing to compromise, go with the flow, listen and apply change as necessary?

3-Is your team full time or willing to be full time?

4-Is your team willing to go where the money is?

In the end, Noah pointed out that while an excellent idea is crucial, the real key factor is an experienced team that has passion, ambition, determination and is fully committed to the idea. The team must be prepared to work full-time and believe that the opportunity cost is too high to not give it their all in speeding to the market.


News of the day

10 minutes Read 107 views

Arazi Ventures Nominated for the National Innovation Award...

December 7, 2017

Arazi Ventures has been nominated for the prestigious National Innovation Award 2017. NEST by Arazi Ventures is one…

View All
10 minutes Read 439 views

Pakistani Stores-Pakistan’s biggest online shopping search engine

December 5, 2017

The pace of technology is very fast. New inventions are taking place rapidly. The world has become the global village…

View All
2 minutes Read 75 views

Karachi based firm 24 World bags ‘Best Emerging...

December 5, 2017

Karachi based tech firm 24 World bagged the ‘Best Emerging Technology’ category award at the recently held Pakistan…

View All
22 minutes Read 777 views

20 Reasons – Why startups fail

November 28, 2017

Mostly startups have been triggered by the hype of success stories of about last two decades.

The reason why…

View All
8 minutes Read 83 views

Tech app Multibhashi eases English language barriers

November 27, 2017

Learning a new language is not difficult now a days. There are numerous websites online and tutorials available,…

View All

Latest Videos

Less than a minute Read 159 views

CEO VizRah, Mohammad Adeel Javed, talking about Vizrah...

August 20, 2017

We asked Adeel Javed about his initiative VizRah and how he aims to positively impact the society through…

View All
Less than a minute Read 467 views

Yellow Plate Restaurant introducing fast food with unique...

August 10, 2017

Our team visited Yellow plate restaurant at Shah Jamal market Lahore to tantalize our taste buds. The Owner…

View All
Less than a minute Read 180 views

Views of Khuram Bukhari (Co-Founder Ravvish) about Life,...

August 10, 2017

We conducted a written dialogue about life and success with Co-Founder Ravvish, Khuram Bukhari

View All
Less than a minute Read 485 views

Maryam Afzal Madni talking about MADDY, Apparel Branding...

August 8, 2017

Young and Energetic Maryam Afzal Madni talks about her brand MADDY and the challenges faced by her as…

View All
Less than a minute Read 257 views

Has Nawaz Sharif really solved Pakistan’s Energy Crisis...

August 3, 2017

Leading energy consultant, and policy specialist, Ms. Saadia Qayyum, sheds light on Pakistan’s Energy Crisis, and its solutions….

View All