When you have an idea and you think that your idea can change people’s lives but you are stuck with the ideation only and don’t have enough capital investment to bring your idea into a reality. This is where the app investors come into play. Investors are always ready to invest in your startup idea and provide funding so that you get the initial traction with your targeted audience.
We know it takes a lot of brainstorming of thinking something unique that can bring change in the world but sooner or later you realize that your idea is not enough, you have to bring your idea into the market and test out your initial product with the targeted customers.
Did You Know? Insufficient funds are the major cause of any startup to failure at its early stages.
With your amazing idea, you need a proper business and marketing strategy and most importantly the app investment. If your app idea seems revolutionary to the app investors then surely they will invest in your app within a few minutes.
Before pitching your business idea or app concept we would suggest you go through this amazing guide on how you can do proper preliminary research and find the best-suited app investors for your startup idea.
Before getting into the types of investors we would urge you to first go through the initial idea stage startup building process:
Let’s Get Started!
Know Your Niche Idea
Today it is very difficult to generate new ideas in this competitive world. There are millions of apps that can solve any problem in one go. Therefore, app investors don’t want to fund the idea that is already solving the pain points of the customers. You need to come up with an idea that is unique in the market and not copied. Mobile app investors don’t want to invest in a general idea.
You need to prove to the investors that you have really come up with something that can change the lives of your customers. You need to have precise knowledge about “how your idea is unique?” or “ How it can solve the pain points of your targeted audiences?”. Apart from this the main important question that investors could ask is “How you will ensure that the money they are investing will multiply with the app’s success?”
Importance of Pitch Deck
A Pitch deck is the most important fundamental tool in raising the initial investment for your startup idea. Before finding app investors for your app it is very important to develop your pitch deck. A Pitch deck is simply your PowerPoint presentation that describes the idea and explains the business model. The basic tip of creating a pitch deck is its simplicity. The more simple your slides are the more effective they will be.
High-intensity summary guide, your product/service offering, and the problem you are solving are some of the key things you need to include in your pitch deck.
Developing Minimum Viable Product (MVP)
MVP is the minimum viable product or the initial product that has enough features in it so that it can be rolled out in the market and note the initial response from the targeted customers. If you are really serious about getting funded from the investors then MVP could act as the icing on the ice for you.
This gives an idea to the investors to test your product so that they become confident enough to fund your startup idea. A demo of your app can with many bugs and eros but something is always better than nothing. This will give you an edge in getting closer to raising good funding for your business idea.
As we can see now you are ready with your initial product and its pitch deck now it’s time to jump into the types of investors that you need to look for in your fundraising initial investment.
Let’s dig deep into the types of investors:
Let’s move toward gaining the trust of investors for mobile app development:
Having just a pattern application thought won’t help as investors need to realize that you have truly thought about this thought. They need to see that you have broken down your competitors and your product can possibly prevail on the lookout.
What are the stages of mobile app funding?
Most mobile app startups break down due to a deficiency of funds, or sometimes it is very challenging to find an app investor. Thus, following the right way and timely executing the features will make you find the right app investor for your app. You are that much capable of proving your concept to the market movers because they can only invest their funds in strong ideas.