Starting up Mint
The straight shot: why should you raise money, and how much?
- Step 1: When you're ready with an Idea: Raise $100K from friends and family, and use it to build a prototype.
- Step 2: Once the prototype is done: Raise < $1M in seed capital, and get into market with an alpha launch.
- Step 3: After that initial launch has traction: Raise $5-10M, and use it to prove/scale the model.
Garage phase: what are the costs and milestones? (MINT's first $100K)