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  1. #1
    afavero is offline Junior Member
    Join Date
    May 2011
    Posts
    1

    When should I seek Investors?

    I am building new way to manage your life online. I have the entire thing mapped out, lawyers figuring out the legal problems, programmers about half way through the first phase of the site, and an end goal for monetizing that I believe will rocket this thing to the top.

    The thing that keeps bothering me is, its taking too long to build. I have all the foreseeable pieces except for the funding to hire the amount of programmers I need to make something like this come to life, in the time frame I would like to see. As of now it will take about 4 months before the second phase is complete and we go live.

    My question is, at what point should I seek out investors? I would like to fund this myself all the way through. However, 4 months of waiting will drive me insane when that time frame could responsibly be cut in half with funding.

    What stage should I even consider taking on investors? Would It even be a good idea?

  2. #2
    moneymaker013 is offline Junior Member
    Join Date
    Feb 2011
    Posts
    9
    It really depends. If you really think you can complete the product (with the quality you want) with out investors, then I would go that route. Of course on the same token a lot of marketing has to do with who comes out first and who is a copy cat, so if you feel your product is in danger of a competitor soon, then I would seek an investor, so that you could get to the market. Hope this helps.

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