Ask HN: How did you fund your early stage hardware startup?
3 comments
You will need to provide for info on what kind of drones you build for $2000 and their potential application. Otherwise the advice would be very generic. Potential investors would want to know the market size, existing players, your value proposition and their ROI.
$2,000 per drone is death. Lower your costs drastically if you want to survive.
Why is your business worth $5million?
Seems like we're in a liminal space where we can't advance the RnD enough working part time with my spare change, but we're also far away enough from a mature product to be an easy sell to investors.
We're exploring avenues to raise ~$250k in exchange for ~5% equity. How do you get investors on board with projects where the MVP is months away and requires that kind of capital up front?