<This will be different for each startup. An example is shown below.>
Pre-Seed Funding Request: $500,000
Use of Funds:
- Product Development (40% - $200,000): Focus on developing the MVP (minimum viable product), which includes the core platform features like X and Y.
- Sales and Marketing (20% - $100,000): Build brand awareness and establish early partnerships, focusing on X and Y.
- Operational Costs (20% - $100,000): Hiring critical roles like software engineers, product managers, and content developers to ensure smooth operations and product delivery.
- Workshops and Pilot Programs (10% - $50,000): Develop customized pilot programs and workshops to build initial traction.
- Miscellaneous (10% - $50,000): Cover legal fees, administration, and contingency funds.
Focus Areas to Secure Funding:
- Early Traction: Build initial traction to demonstrate proof of concept.
- Demonstrated Demand: Presell the product.
- Scalable Model: Highlight the potential for rapid scaling.
- Lean Operation: Demonstrate that the company will operate lean initially.
With $500,000 in pre-seed funding, [Startup] will be positioned to develop its platform, secure early customers, and build the foundation for sustainable growth.
<The following article is for your reference and is not part of your business plan.>
There are several ways to fund a startup, each with its own advantages, disadvantages, and implications for ownership and control. Here’s an overview of the most common funding options: