0 users, $2.5 million for seed

[ashleyisshort]

• We are building a new social media, it’s unique, we have
• very solid pitch,
• Great number calculations, realistic,
• We already invested $20K into the product beta and
• We are a team of 8 - programmers, managers, designers, marketers
  -We have a great board advisory from people working for world-class companies such as Microsoft
• Founders have previous startup experience building products but no exits

We don’t have any users yet, we need to invest a lot into marketing (ofcourse) that’s why we ask for $2.5 million for 10% to run for the 12 months

Is that do able? How does it sound?

 

[rockfish37]

@ashleyisshort No.

 

[ashleyisshort]

@rockfish37 Thanks

 

[margaretjean]

@ashleyisshort $25mil valuation for something with zero users? Maybe in 2021.

 

[ashleyisshort]

@margaretjean Well how else you launch a social media without a ton into ads..

 

[adams17]

@ashleyisshort You launch it on your own dime.

 

[ashleyisshort]

@adams17 Thought about this and honestly this is the other option if we don’t get a good deal..

 

[kisekwa]

@ashleyisshort Keep looking but honestly no one is going to go for that. Ideas don’t sell.

You might have to get the initial traction on your own dime

 

[hiccup]

@ashleyisshort Have your users do the marketing for you, look at bereal and how they did it. They made free content promoting their app on TikTok to get initial users who then enjoyed the app and got their friends to use it who wanted to see what they posted. If you can’t integrate something that makes your app shareable then it won’t do that well even with paid ads