Explore various funding sources during pre-seed and seed funding rounds:
Community Development Financial Institution (CDFI):
- CDFIs invest in businesses in low to moderate-income communities, focusing on economic development and job creation.
Government Agencies and Programs:
- Governments offer programs, loans, grants, and incentives to promote entrepreneurship and economic development.
Angel Investors and Venture Capitalists:
- High-net-worth individuals invest in early-stage companies in exchange for equity, providing funding for high-potential MVPs.
Crowdfunding:
- Pool small amounts of money from a large number of people through crowdfunding, especially effective for MVPs with compelling stories.
Friends and Family:
- Leverage support from friends and family who believe in your business idea and are willing to take the investment risk.
