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Global Startup Community: Entrepreneurship is hard - Let's help each other succeed in business.
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avii
avii • Mar 29, 2012

How To Procure Seed Capital For Startup?

If you guys say no to loan, then from where procure seed capital ?
Kaustubh Katdare
Kaustubh Katdare • Mar 29, 2012
Moving your post to a new thread as it calls for its own discussion. There are several ways to raise the seed capital for your startup venture. The first and the most recommended way is to bootstrap your venture (that is, pay from your own savings). If you don't have any savings; ask for money from your parents, friends or get a part time job to fund your company.

Then there are several angel investors who will invest in your company to get it started. There are several seed funds available all over the world. You will have to read about them and if you have any specific questions; post them here.
ISHAN TOPRE
ISHAN TOPRE • Mar 29, 2012
avii the thread was about Personal loans and no one is against seed capital.

For you making up seed capital is even more easy. Take part in engineering competition. In any good contest, you can expect a prize in a range of INR 200, 000/- or there are business plan contests which will take up responsibility of funding your whole venture and guide you to boot πŸ˜€

In any case go by what The_Big_K said in post #2 for procuring seed capital. However the option of loan should only be exercised in the end when nothing else is available. Always remember that it is easy to avail loan facility but difficult to repay it. Take loan only after you can earn even after repaying the full amount to bank. :
ISHAN TOPRE
ISHAN TOPRE • Mar 29, 2012
Also if we are talking about seed capital, this thread should not go unnoticed https://www.crazyengineers.com/community/threads/what-is-seed-capital.53112/ πŸ˜€
avii
avii • Mar 29, 2012
You guys got me wrong. I wasn't asking 'ways' to procure seed capital, I was just asking how do you manage money for start up ?

I took loan & started with it. Well, not exactly.

I don't ask friends for money. If it is 100-200 then all good. but trust me, when you borrow high amount from friend, it will ruin your relationship if things get ugly. I never asked & never gonna do.

Relatives like cousins, nephews are good, if they can afford to give you.

I asked my dad & invested that 'high' amount in stocks & did intra-day trading*. Made profit, returned money to dad & started on that profit money. Lucky, my business did not needed lots of amount to start up.

*also learnt a good lesson from dad that why one shouldn't do intra-day trading.
avii
avii • Mar 29, 2012
Issue
For you making up seed capital is even more easy. Take part in engineering competition. In any good contest, you can expect a prize in a range of INR 200, 000/- or there are business plan contests which will take up responsibility of funding your whole venture and guide you to boot πŸ˜€
Any links to such contests ?

Let me tell you, I just this 'CSE Engineer' in my user profile. I donno a goddamn thing about programming 😁
Kaustubh Katdare
Kaustubh Katdare • Mar 29, 2012
I started with my salary and I being an online business (it wasn't a business back then) I could pay the bills from my salary; and I did that for almost 3 years. πŸ˜€
ISHAN TOPRE
ISHAN TOPRE • Mar 29, 2012
avii
*also learnt a good lesson from dad that why one shouldn't do intra-day trading.
I like this tip. Same thoughts. πŸ˜€

P.S: You need to keep looking for such contests πŸ˜€
avii
avii • Mar 29, 2012
The_Big_K
I started with my salary and I being an online business (it wasn't a business back then) I could pay the bills from my salary; and I did that for almost 3 years. πŸ˜€
yup, I read that from CE story πŸ˜€

Issue - nice, you are also into stock market πŸ˜€ May be we should have a separate thread for stock market discussion, what say πŸ˜‰
ISHAN TOPRE
ISHAN TOPRE • Mar 29, 2012
Nope I am not into stock market. I keep on hearing that in my family. But I can discuss things if you start a thread.

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