When should I start looking for capital? - Startups.com most recent 30 from http://startups.com 2010-03-18T22:37:02Z http://startups.com/feeds/question/1283 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://startups.com/questions/1283/when-should-i-start-looking-for-capital When should I start looking for capital? Tyler Gillies 2009-11-08T18:44:06Z 2009-11-09T08:14:30Z <p>Im in the beginning process of a webapp that deals with advertising. When should I start looking for funding?</p> http://startups.com/questions/1283/when-should-i-start-looking-for-capital/1287#1287 Answer by Ryan Naylor for When should I start looking for capital? Ryan Naylor 2009-11-08T19:12:19Z 2009-11-08T19:12:19Z <p>When you absolutely need it. </p> <p>"Bootstrapping puts you in the right mindset as an entreprenuer. You think of money more as something you make than something you spend. That's the right lesson, that's the right <strong>habit</strong>, the right imprint on your business brain. You're better off as an entreprenuer if you practice making money than spending money."</p> <p><a href="http://gettingreal.37signals.com/ch04_Whats_the_Big_Idea.php" rel="nofollow">http://gettingreal.37signals.com/ch04_Whats_the_Big_Idea.php</a></p> http://startups.com/questions/1283/when-should-i-start-looking-for-capital/1344#1344 Answer by pbreit for When should I start looking for capital? pbreit 2009-11-09T03:26:00Z 2009-11-09T03:26:00Z <p>The most common reason for business failure is lack of capital so I would suggest looking immediately whether it's savings, credit cards, friends &amp; family or investors.</p> http://startups.com/questions/1283/when-should-i-start-looking-for-capital/1363#1363 Answer by Usman Sheikh for When should I start looking for capital? Usman Sheikh 2009-11-09T06:14:27Z 2009-11-09T06:14:27Z <p>Completely agree with Ryan here. The last thing you need to be focusing on right now is raising funds. If you are building a webapp the focus has to be on getting it out to customers as quickly as possible and seeing you get any traction. </p> <p>Once you have some sort of traction and a growing user base you will be in a much stronger position to raise money. </p> http://startups.com/questions/1283/when-should-i-start-looking-for-capital/1371#1371 Answer by adsbringcustomers for When should I start looking for capital? adsbringcustomers 2009-11-09T08:14:30Z 2009-11-09T08:14:30Z <p>I can tell you where not to go in the UK - government organisations like Business Link. Their aim is to help SMEs and they have grants etc but they prefer to help manufacturing organisations buy a forklift truck than a software product startup. They only understand tangible assets and you have to be an employer of more than 5 generally to get any assistance.</p>