How do you finance your startup's expenses?
Vali Lupoaie
20 replies
I invested more than 10k into Ollie from my own money in the last 3 months.
Without generating any revenue.
What about you?
Replies
![Rich Watson](https://ph-avatars.imgix.net/4172628/original.jpeg?auto=compress&codec=mozjpeg&cs=strip&auto=format&w=36&h=36&fit=crop)
Rich Watson@richw
was strictly out of pocket until we rolled out premium subscriptions
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@valilus It wasn't that bad, maybe at least 2,000. I didn't keep records of all the expenses, I have them somewhere just unorganized. The project itself is already in profit and compensating contributors- as for myself I haven't broke even yet.
It was 7 months from start of development to the day premium subscriptions were rolled out.
So far, I invested my own money into Ollie. So it's getting harder and harder to keep track of the increasing expenses.
What about you?
Startup revenue + own income + investors money
@sven_radavics This is the perfect combination!
What did come first?
Own income? Revenue or investors' money?
We invested a bit of our own money and also received some local startup grants.
There's some bureaucracy when it comes to them, but we didn't give up any equity and were able to speed things up a bit.
@sandra_idjoski this is such a great approach!
Did you manage to generate some revenue with your startup?
Hi!
100% with my own income, and it's been 4 years.
@valilus I haven't got a customer yet, I am not counting my friends or relatives on trying it out! ;D
I will be probably soon make a Free access to my SaaS and see how it goes until I get the chance to generate some revenue from it.
It's been only financed through my own income so far. Nothing fancy. I started the whole thing in 2016. I tried to do at least 50% of the process, to reduce the cost on the making the alpha version of the app.
I did spend a lots on others things and ended up not being used as well! But that's the "normal" process I guess of making it as an entrepreneur.
I am more of a product maker than a social person, it's been quite a rough ride to change my focus to get into those social platforms.
I am trying my best and it's been great so far.
That's about it. Cheers! (sorry for the late reply) :D
@valilus Hi! Sorry for the late reply. I am gonna try to give you some good insight about it.
The SaaS will be providing a platform for those who seek to pursue and perfect their education or business model in the field of agroecology.
It is defined as the study of the relationship between crops and the environment.
We are covering nearly all the aspects of agriculture, from weather data, to crop management, livestock farming, and more. There are 9 features, 2 being completed.
It's a model based on relying on the natural resources available within the targeted location, or what it possibly be produced to promote a sustainable system. The goal is to rely on the less possible external natural resources.
I think that will be the future of agriculture.
This tool will provide total transparency on the reality of the industry, particularly when it comes to the cost and revenue of each activity.
It works as a simulator where people can learn and build their business model and check if it's financially viable option for them. We minimize the risk for total control over their projects from start to finish.
The purpose is to raise awareness and reduce the risk of taking a route that may not be favorable to the person. It's also made for those in transition from conventional farming.
I also tried my best to build something that could let the users customize and create what they want without any type of restriction.
I built a project for my city hall towards building gardening areas around my small city. Which is neat!
I want people to fully express themselves and the app would simply help them to achieve their goals.
We are still working on the MVP version, if lucky, it should come out soon! ;D
Cheers.
The First and Stylish source of finances for startups is guests. Beforehand adopter guests specifically, who are different than the regular client that you'll use to produce scale. The people are in serious trouble and who see your product as a result of their veritably acute problem.
Once you have client engagement, the chances of getting other kinds of backing increase dramatically.
Hi there! this is Nancy & my goal is to help each and every visitor become more financially aware. You can visit here moneyaccounts.com
Hello there. A few days ago, I saw a quote about investments, and I liked it immediately. The quote says that investments are the kind of business where you should wait a long time to prove that you were right.
And I totally agree with this because investing is all about proving and believing. Tbh, I still envy those folks who had invested in zoom before the covid issue happened to us with Mortgage Broker Wigan. Guys, do you think Ollie is still worth investing in? Iād be really grateful to hear your thoughts about it. Thanks in advance.