Funding for Non-Tech Companies
I am trying to get a startup funded, but high tech seems a lot easier to get funding for. I am interested in the fashion industry and I think it is harder to get funding.
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penelope@penelopetrunk.com
It’s easy to get funding if you have a good idea. The idea is the hardest part.
Funding works if you present to investors a big possiblity of an exit. Investors want a big exit. If you can’t give them that then they are just investing for their ego — and you have a really small investor pool for that.
That’s why I said if you have a good idea (like, one with a big exit) then funding is easy.
Fashion, restaurants, etc, are not really fundable. There’s no exit except in rare cases.
While I can’t offer you funding, I could offer you some ideas to keep start up costs low for the fashion market. Feel free to reach out!