Startup funding is the most critical and challenging part of the overall startup journey. The fund is required for building your product/service POC, a website, or an App. You need to hire and arrange a team, workspace, gadgets & tools. You also have to pay for registering the company, taxation, electricity, network.
Whether you are going to introduce a new technology or you have an idea to fill a gap in the market—you will need startup funds. Enough at least to get off the ground in your early days.
In simple words: you will need money to convert your life-changing ideas into reality.
This is a crucial stage because most of the startups fail due to their unsuccessful attempts to raise capital. Therefore, one should be aware of every option there is—to keep the startup going.
The good news is—there are all kinds of startup funding sources and tools available to support the size of your innovation at every stage.
Here are the 8 startup funding approaches that will help to fight the money problem: