{"id":1938,"date":"2022-08-22T12:00:31","date_gmt":"2022-08-22T12:00:31","guid":{"rendered":"https:\/\/architsingh.com\/webioticnew\/?p=1938"},"modified":"2022-08-31T13:16:58","modified_gmt":"2022-08-31T13:16:58","slug":"a-guide-on-how-to-get-funding-for-an-app","status":"publish","type":"post","link":"https:\/\/architsingh.com\/webioticnew\/a-guide-on-how-to-get-funding-for-an-app\/","title":{"rendered":"A Guide on How to Get Funding for an App"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_4,3_4&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; disabled_on=&#8221;off|off|off&#8221; module_class=&#8221;post_header&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; width=&#8221;70%&#8221; custom_padding=&#8221;||||false|false&#8221; global_module=&#8221;5435&#8243; saved_tabs=&#8221;all&#8221; 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title_text_align=&#8221;left&#8221; title_text_color=&#8221;#000000&#8243; title_font_size=&#8221;48px&#8221; title_line_height=&#8221;1.2em&#8221; meta_font=&#8221;Nexa Regular||||||||&#8221; meta_text_align=&#8221;left&#8221; meta_text_color=&#8221;#2ea0d2&#8243; meta_font_size=&#8221;15px&#8221; meta_line_height=&#8221;1.6em&#8221; title_font_size_tablet=&#8221;42px&#8221; title_font_size_phone=&#8221;36px&#8221; title_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;1280px&#8221; module_alignment=&#8221;center&#8221; global_module=&#8221;5436&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title title=&#8221;off&#8221; meta=&#8221;off&#8221; admin_label=&#8221;Feature Image&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; title_font=&#8221;Nexa Bold|700|||||||&#8221; title_text_align=&#8221;left&#8221; title_text_color=&#8221;#000000&#8243; title_font_size=&#8221;48px&#8221; title_line_height=&#8221;1.2em&#8221; meta_font=&#8221;Nexa Regular||||||||&#8221; meta_text_align=&#8221;left&#8221; meta_text_color=&#8221;#2ea0d2&#8243; meta_font_size=&#8221;15px&#8221; meta_line_height=&#8221;1.6em&#8221; title_font_size_tablet=&#8221;42px&#8221; title_font_size_phone=&#8221;36px&#8221; title_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; module_class=&#8221;blog-cnt-row&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1280px&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Helvetica||||||||&#8221; text_text_color=&#8221;#26282d&#8221; text_font_size=&#8221;18px&#8221; text_letter_spacing=&#8221;0.03em&#8221; text_line_height=&#8221;1.8em&#8221; header_2_font=&#8221;Helvetica Bold||||||||&#8221; header_2_text_color=&#8221;#26282d&#8221; header_2_font_size=&#8221;50px&#8221; header_2_line_height=&#8221;54px&#8221; header_3_font=&#8221;Nexa Bold||||||||&#8221; header_3_text_color=&#8221;#26282d&#8221; header_3_font_size=&#8221;24px&#8221; header_4_font=&#8221;Nexa Bold||||||||&#8221; header_4_text_color=&#8221;#26282d&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div class=\"jsx-1255046075 diff-row\" tabindex=\"0\" role=\"row\" data-index=\"24\" data-known-size=\"32\" data-item-index=\"24\">\n<div class=\"jsx-3445039989 diff-line side-left start end diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk\">It&#8217;s always exciting coming up with a new idea for an app and what problems it can solve for users.<\/span><\/div>\n<div class=\"jsx-3445039989 diff-line side-right start end diff-line-empty dont-select\">\u00a0<\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row\" tabindex=\"0\" role=\"row\" data-index=\"26\" data-known-size=\"32\" data-item-index=\"26\">\n<div class=\"jsx-3445039989 diff-line side-left start end diff-line-modified diff-line-with-removes\"><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">And of course, it&#8217;s always fun to think about how you can monetize your app to make the big bucks. But creating an app is no easy feat.<\/span><\/div>\n<div class=\"jsx-537317257 diff-line-number\" data-content=\"21\">\u00a0<\/div>\n<div class=\"jsx-3445039989 diff-line side-right start end diff-line-modified diff-line-with-inserts dont-select\"><span class=\"jsx-3852835299 diff-chunk diff-chunk-inserted diff-chunk-modified\">While almost anyone can come up with a brilliant mobile app idea, most people don\u2019t have a clue how to fund it.<\/span><\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row\" tabindex=\"0\" role=\"row\" data-index=\"27\" data-known-size=\"17\" data-item-index=\"27\">\n<div class=\"jsx-3445039989 diff-line side-left start end\">\u00a0<\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row\" tabindex=\"0\" role=\"row\" data-index=\"28\" data-known-size=\"48\" data-item-index=\"28\">\n<div class=\"jsx-3445039989 diff-line side-left start end diff-line-modified diff-line-with-removes\"><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">Not only do you need developers to code your app, but<\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-equal diff-chunk-modified\"> you <\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">also <\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-equal diff-chunk-modified\">need <\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">designers<\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-equal diff-chunk-modified\"> to <\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">create a great UX\/UI, testers to make sure there aren&#8217;t any bugs, marketers to spread the good word about your app, and more team members to bring it all together.<\/span><\/div>\n<\/div>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/cckUpXXrjtY\" width=\"500\" height=\"281\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"34\" data-known-size=\"17\" data-item-index=\"34\">\n<div class=\"jsx-3445039989 diff-line side-left start active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">So how do people actually fund their mobile apps? Rich family members? Investors?<\/span><\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"36\" data-known-size=\"32\" data-item-index=\"36\">\n<div class=\"jsx-537317257 diff-line-number\" data-content=\"35\">\u00a0<\/div>\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">In our guide, we\u2019re going to review how you can get funding for your mobile app project.<\/span><\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2352 size-full\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-3.jpg\" alt=\"\" width=\"1000\" height=\"675\" \/><\/p>\n<h4>Table of Contents<\/h4>\n<ol>\n<li><a href=\"#chapter1\">How Much Funding Do You Need<\/a><\/li>\n<li><a href=\"#complexity\">Simple vs Complex<\/a><\/li>\n<li><a href=\"#pitch\">Perfect Your Elevator Pitch<\/a><\/li>\n<li><a href=\"#chapter2\">Finding Funding<\/a><\/li>\n<li><a href=\"#seed-funding\">Seed Funding<\/a><\/li>\n<li><a href=\"#venture-capitalist\">Venture Capitalist<\/a><\/li>\n<li><a href=\"#private-investors\">Private Investors<\/a><\/li>\n<li><a href=\"#personal-network\">Personal Network<\/a><\/li>\n<li><a href=\"#crowdfunding\">Crowdfunding<\/a><\/li>\n<li><a href=\"#bank-loans\">Bank Loans<\/a><\/li>\n<li><a href=\"#co-founders\">Co-Founders<\/a><\/li>\n<li><a href=\"#chapter3\">Stages of Funding<\/a><\/li>\n<li><a href=\"#pre-seed\">Pre-Seed<\/a><\/li>\n<li><a href=\"#seed\">Seed<\/a><\/li>\n<li><a href=\"#series-a\">Series A<\/a><\/li>\n<li><a href=\"#series-b\">Series B<\/a><\/li>\n<li><a href=\"#series-c\">Series C and Beyond<\/a><\/li>\n<\/ol>\n<h2 id=\"chapter1\">Chapter #1: How Much Funding Do You Need<\/h2>\n<p>Before we dive into options for funding, it\u2019s important to first understand how much money you\u2019re going to need for your project.<\/p>\n<p>I get it. You have a great idea and you want to run with it as soon as possible.<\/p>\n<p>That\u2019s great! But slow it down.<\/p>\n<p>You want to make sure you do this the <em>right way <\/em>so you can save yourself time and money.<\/p>\n<p>This means taking time to think <em>deeply <\/em>about your idea.<\/p>\n<p>You\u2019ll want to flesh out how your app will look and what kind of features it will have with a prototype and you\u2019ll also want to validate your idea with user and usability testing.<\/p>\n<p>You can learn more about the first steps to take in our <a href=\"https:\/\/architsingh.com\/webioticnew\/5-step-beginner-guide-for-your-brilliant-app-idea\/\" data-abc=\"true\">5 Step Beginner\u2019s Guide For Your Brilliant App Idea<\/a>.<\/p>\n<p>Just keep in mind that all of these steps are crucial to helping you determine the costs involved in creating an app. So don\u2019t skip a step!<\/p>\n<p>The worst thing you can do is to begin a project having little to no understanding of the <a href=\"https:\/\/architsingh.com\/webioticnew\/app-development-costs-breakdown\/\" data-abc=\"true\">app development costs<\/a>.<\/p>\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>DID YOU KNOW?<\/strong><\/strong><br \/>While having too little funding for your project can clearly put you in hot water, did you know that too much funding is also a bad thing?<\/p>\n<p>Remember, the more money you raise, the more you\u2019re giving away your company at the initial phase of the business.<\/p>\n<p>Here are a few questions to ask yourself when <a href=\"https:\/\/architsingh.com\/webioticnew\/how-much-it-costs-to-make-an-app\/\" data-abc=\"true\">contemplating app development costs<\/a>:<\/p>\n<ul>\n<li>What kind of functionality will your app have?<\/li>\n<li>What are the features you\u2019d like to see in your app?<\/li>\n<li>How complex are these features and functionality?<\/li>\n<li>Are you going to hire freelancers or an agency?<\/li>\n<li>What will the design of your app look like?<\/li>\n<li>Will there be any integration points, like APIs or 3rd party systems?<\/li>\n<\/ul>\n<p>Ruminating on these questions will help paint a clearer picture of the work your app is going to demand.<\/p>\n<h3 id=\"complexity\">1.1 Simple vs Complex<\/h3>\n<p>Keep in mind that building a high-quality mobile app can cost anywhere from $10,000 to $500,000, but it depends on several factors.<\/p>\n<p>You should understand the difference between a\u00a0simple mobile app and a complex mobile app. Then we\u2019ll get into your funding options in the next chapter, I promise.<\/p>\n<p>Let\u2019s say you\u2019re a dentist who wants a simple and clean website people can visit to learn more about your business and even book appointments. Maybe it has a contact form too.<\/p>\n<p>That\u2019s it.<\/p>\n<p>Ask any developer and they\u2019ll tell you that this is a fairly basic app. You could probably get it done for a few thousand dollars. Maybe a little more, maybe a little less.<\/p>\n<p>But let\u2019s say you want this same app to offer a few extra features, like the ability to create a profile and login. That\u2019s going to require a database that stores user information.<\/p>\n<p>Other features that add more to the <a href=\"https:\/\/architsingh.com\/webioticnew\/backend-servers-for-mobile-apps\/\" data-abc=\"true\">complexity of this app <\/a>might be things like:<\/p>\n<ul>\n<li>The ability to pay for appointments or other products through the mobile app<\/li>\n<li>Having the app available on multiple platforms<\/li>\n<li>Having <a href=\"https:\/\/architsingh.com\/webioticnew\/benefits-of-push-notifications\/\" data-abc=\"true\">push notifications<\/a><\/li>\n<li>Top-level UX\/UI design<\/li>\n<\/ul>\n<p>This can easily double the cost of your project because it\u2019s adding more layers of complexity, which translates to more time. And of course, time is money. And developers aren\u2019t cheap.<\/p>\n<p>Not that you have a better understanding of the pieces involved in building an app, let\u2019s talk first about how to <em>approach <\/em>investors.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2355 size-full\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-2.jpg\" alt=\"\" width=\"1000\" height=\"667\" \/><\/p>\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>PRO TIP:<\/strong><\/strong><br \/>If you want a better idea of what your mobile app project will cost, most agencies will offer a free consultation that can highlight the hours the project will demand so you can get a hard figure.<\/p>\n<h3 id=\"pitch\">1.2 Perfect your elevator pitch<\/h3>\n<p>Whoever you\u2019re approaching for money, you better believe you\u2019re going to need an <a href=\"https:\/\/blog.hubspot.com\/sales\/elevator-pitch-examples\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">A+ elevator pitch<\/a>.<\/p>\n<p>An elevator pitch is pretty much how it sounds. You have a full elevator ride to deliver an awesome speech to someone.<\/p>\n<p>And so it needs to be:<\/p>\n<ul>\n<li>Short<\/li>\n<li>To the point<\/li>\n<li>Easy to understand<\/li>\n<\/ul>\n<p>Ok, you\u2019ll probably have more than 30 seconds with the investor or whoever you\u2019re shaking down for money, but the point is, you want to fine tune your app idea pitch so well that it\u2019ll be perfectly clear what your app does, what problems it solves, and how it will generate revenue.<\/p>\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>RECOMMENDATION:<\/strong><\/strong><br \/>App investors are looking to hear a pitch that\u2019s <em>short, informative, and captivating<\/em>.<br \/>Practice this pitch until your delivery is flawless. Trust me. It makes a difference.<\/p>\n<h2 id=\"chapter2\">Chapter #2: Finding Funding<\/h2>\n<p>There are <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/102015\/series-b-c-funding-what-it-all-means-and-how-it-works.asp\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">several ways you can fund your mobile app <\/a>project, but let\u2019s start with the most popular option, which is seed funding or angel investors.<\/p>\n<h3 id=\"seed-funding\">2.1 Seed Funding<\/h3>\n<p>Seed funding is also commonly referred to as angel Investors. These are individuals (and sometimes businesses) who invest in startups in the <em>early <\/em>phase.<\/p>\n<p>These investors want to hear about your app, but more importantly, your strategies on <a href=\"https:\/\/architsingh.com\/webioticnew\/how-to-make-money-creating-apps\/\" data-abc=\"true\">how your app will make money <\/a>and what the return on investment (ROI) will look like.<\/p>\n<p>They\u2019ll also expect for you to <em>prove <\/em>that your app idea has demand in the market.<\/p>\n<p>Remember, investors want to be sure that they\u2019re making a smart investment by funding you. Your job is to prove that to them.<\/p>\n<p>In return for funding your app, angel investors will typically request a\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/s\/shares.asp#:~:text=Shares%20are%20units%20of%20equity,value%20of%20the%20company%20rises.\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">share in your company<\/a>.<\/p>\n<p>So if your app is successful, you\u2019ll owe a share of your business to your angel investor. This amount can range anywhere from 10% to 25% of your company\u2019s shares.<\/p>\n<p>It depends on how much funding you get from them.<\/p>\n<p>On the flip side, if your app fails, you won\u2019t have to pay the money back.<\/p>\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>PRO TIP:<\/strong><\/strong><br \/>Keep in mind that it\u2019s not easy to get angel investor funding. App startups are seen as risky. After all, anyone can have an idea.<br \/>You need to be 100% prepared to show investors your app\u2019s potential in the market. You should have some kind of <a href=\"https:\/\/www.businessofapps.com\/insights\/prototype-vs-proof-of-concept-vs-mvp-in-mobile-app-development\/\">prototype, proof of concept, or minimum viable product (MVP)<\/a> to help illustrate your points.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2362 size-full\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App.jpg\" alt=\"\" width=\"1000\" height=\"688\" \/><\/p>\n<h3 id=\"venture-capitalist\">2.2 Venture capitalist<\/h3>\n<p><a href=\"https:\/\/www.affinity.co\/blog\/5-best-types-of-mobile-apps-for-vcs\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">Venture capitalists also offer startups with the funding <\/a>they need, and most of these investors come from managed venture capital firms.<\/p>\n<p>Unlike angel investors, however, venture capitalists will typically only provide funding once the app is already in development.<\/p>\n<p>They see your app-in-progress and determine if it has potential for quick growth.<\/p>\n<p>Since venture capitalists come from a big firm and aren\u2019t just an individual with money to spare, they can usually fund larger sums of money than angel investors.<\/p>\n<p>Of course, more money invested means more shares you\u2019ll have to give up.<\/p>\n<h3 id=\"private-investors\">2.3 Private investors<\/h3>\n<p>Another way you can fund your mobile app project is through private investors. This type of investor will often come in the form of a local business who works in the same niche as your app.<\/p>\n<p>If your app benefits them in some way, they might want to help with the funding.<\/p>\n<p>For example, let\u2019s say you have a\u00a0<a href=\"https:\/\/www.digitaltrends.com\/home\/best-food-delivery-apps\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">food delivery app <\/a>or an app that takes restaurant reservations.<\/p>\n<p>You may find some local restaurants that would like to work with you and leverage your app to keep them ahead of the competition.<\/p>\n<p>This is a good option if your app idea fits into a particular industry or niche.<\/p>\n<h3 id=\"personal-network\">2.4 Personal network<\/h3>\n<p>Your personal network includes friends and family, which can be a reliable source of funding for your mobile app.<\/p>\n<p>These are the people that know you best, believe in you, and are willing to support your project with fewer strings attached than an angel investor or a venture capitalist.<\/p>\n<p>But that doesn\u2019t mean you should approach your personal network with a half-baked idea.<\/p>\n<p>Remember, you\u2019re still borrowing money from someone, so you should always have a solid plan and a proper pitch ready.<\/p>\n<p>This is a good idea if you have a smaller project you\u2019re trying to bootstrap without bringing in real investors or if you\u2019re just trying to get some money to fund some kind of prototype for your app.<\/p>\n<h3 id=\"crowdfunding\">2.5 Crowdfunding<\/h3>\n<p>You\u2019ve probably heard of crowdfunding websites like <a href=\"https:\/\/www.gofundme.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">GoFundMe <\/a>and <a href=\"https:\/\/www.kickstarter.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">Kickstarter<\/a>, but if you haven\u2019t, these are popular funding platforms which can be donation-based, debt-based, or equity-based.<\/p>\n<p>In short, it\u2019s a place where anyone can fund your project.<\/p>\n<p>They\u2019re also good places to promote your app to a specific audience. You can pitch your idea, raise money, and spread the word about your app.<\/p>\n<h3 id=\"bank-loans\">2.6 Bank loans<\/h3>\n<p>Another avenue to get funding for your mobile app is with a\u00a0<a href=\"https:\/\/www.nerdwallet.com\/best\/loans\/personal-loans\/bank-loans\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">bank loan<\/a>. But it\u2019s worth saying, this isn\u2019t a popular option for startups.<\/p>\n<p>If you take out a loan from a bank to fund your project, they don\u2019t care if it fails or succeeds. You\u2019ll have to pay them back either way, and with interest.<\/p>\n<p>While it\u2019s good to be optimistic about your mobile app venture, you have to be realistic and acknowledge the possibility of failure.<\/p>\n<p>It\u2019s much safer to consider this option for funding once your app is already proven viable and you\u2019re just looking for expansion money.<\/p>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"421\" data-known-size=\"17\" data-item-index=\"421\">\n<h3 id=\"co-founders\" class=\"jsx-3445039989 diff-line side-left start active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">2.7 <span id=\"left-r421-m0\">Co-F<\/span>ounders<\/span><\/h3>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"422\" data-known-size=\"32\" data-item-index=\"422\">\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">Finally, some entrepreneurs opt to source the beginning phases of their project with their own savings or by bringing on another <span id=\"left-r422-m0\">co-f<\/span>ounder.<\/span><\/div>\n<div class=\"jsx-3445039989 diff-line side-right active diff-line-empty dont-select\">\u00a0<\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"424\" data-known-size=\"32\" data-item-index=\"424\">\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">Not only can a partner help shoulder some of the hard work that goes into kickstarting a new app, but they can also help pitch in some funding.<\/span><\/div>\n<div class=\"jsx-3445039989 diff-line side-right active diff-line-empty dont-select\">\u00a0<\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"426\" data-known-size=\"48\" data-item-index=\"426\">\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">Just keep in mind, you don\u2019t want to rely on your own savings to fund your entire project. For that, some of our previously mentioned options, like investor money, is really the best route you can take.<\/span><\/div>\n<div class=\"jsx-3445039989 diff-line side-right active diff-line-empty dont-select\">\u00a0<\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"428\" data-known-size=\"64\" data-item-index=\"428\">\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">But getting investor funding when you\u2019re just starting out isn\u2019t easy, which is why its perfectly normal to put in some initial funding of your own just to get your project moving. This initial capital can be used to hire designers to create mockups for your app, which can then be used to approach investors for more funding.<\/span><\/div>\n<\/div>\n<div class=\"jsx-1255046075 diff-row diff-row--selected\" tabindex=\"0\" role=\"row\" data-index=\"430\" data-known-size=\"32\" data-item-index=\"430\">\n<div class=\"jsx-537317257 diff-line-number\" data-content=\"429\">\u00a0<\/div>\n<div class=\"jsx-3445039989 diff-line side-left active diff-line-removed\"><span class=\"jsx-3852835299 diff-chunk active\">It can also be used to hire a developer to code a very basic version \u2013 or MVP \u2013 of your app ideas, again, which can be useful when pitching to investors.<\/span><\/div>\n<\/div>\n<h2 id=\"chapter3\">Chapter #3: Stages Of Funding<\/h2>\n<p>Now that you\u2019re more familiar with the funding options available, let\u2019s review the different stages of funding.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2363 size-full\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-4.jpg\" alt=\"\" width=\"1000\" height=\"667\" \/><\/p>\n<h3 id=\"pre-seed\">3.1 Pre-seed<\/h3>\n<p>Pre-seed funding happens at the very beginning of your mobile app project. This is the phase where you\u2019re in the midst of fleshing out and really evaluating your app idea.<\/p>\n<p>This is a good time to bring in your personal network or maybe private investors so you have some money to build some form of <a href=\"https:\/\/proto.io\/mobile-app-prototyping?gclid=Cj0KCQiAwf39BRCCARIsALXWETwkqBlTuJdyHrzp4C3Z3-920o7sTFCaYO_TDiIG-nEoNg5ipQmczVkaAr67EALw_wcB\" target=\"_blank\" rel=\"noreferrer noopener\" data-abc=\"true\">prototype<\/a>.<\/p>\n<p>Remember, the mobile app world is an incredibly competitive market. If you have something other than just an idea, it\u2019ll give you a leg up when it comes time to bring in investors.<\/p>\n<h3 id=\"seed\">3.2 Seed<\/h3>\n<p>This is the first stage of receiving substantial funding. It\u2019s more money than you\u2019ll get from your personal network or out of your own pocket.<\/p>\n<p>This is a good time to approach angel investors, and possibly venture capitalists if you\u2019re lucky.<\/p>\n<p>Seed money is most often used to bring on board a\u00a0<a href=\"https:\/\/architsingh.com\/webioticnew\/solutions\/\" data-abc=\"true\">development team and other specialists <\/a>for your mobile app project.<\/p>\n<p>Hopefully by the end of this stage, you have a validated idea and an MVP, which can be presented to bigger investors to get more funding.<\/p>\n<h3 id=\"series-a\">3.3 Series A<\/h3>\n<p>Series A funding is about your startup\u2019s <em>active growth, <\/em>and it\u2019s also the first stage in venture capital funding.<\/p>\n<p>Remember, venture capitalists want to fund startups who are demonstrating their high growth potential, which is why you\u2019re far less likely to get money from them in earlier funding stages.<\/p>\n<h3 id=\"series-b\">3.4 Series B<\/h3>\n<p>If you\u2019ve made it to series B funding, you\u2019re in a very good place and your app just might make it.<\/p>\n<p>This stage of funding is about quicker development and more expansion. Your shares will go up in price, so you can sell fewer shares to venture capitalists and have greater control over your startup.<\/p>\n<h3 id=\"series-c\">3.5 Series C and beyond<\/h3>\n<p>At this stage, your mobile app is alive and well. You\u2019re making enough revenue to cover operational expenses without the need for extra funding from third parties.<\/p>\n<p>Series C and beyond stages are about major upgrades to your app and large-scale expansion to reinforce your company\u2019s existing success.<\/p>\n<p>Series C is usually the final stage in funding, but some companies may choose to go through more rounds.<\/p>\n<h2>Final Thoughts<\/h2>\n<p>It\u2019s easy to stress about money, but finding funding for a mobile app project can actually be exciting and rewarding.<\/p>\n<div class=\"jsx-1255046075 diff-row\" tabindex=\"0\" role=\"row\" data-index=\"473\" data-known-size=\"64\" data-item-index=\"473\">\n<div class=\"jsx-3445039989 diff-line side-left start diff-line-modified diff-line-with-removes\"><span class=\"jsx-3852835299 diff-chunk diff-chunk-equal diff-chunk-modified\">It forces you to really think and brainstorm about your <\/span><span class=\"jsx-3852835299 diff-chunk diff-chunk-removed diff-chunk-modified\">idea. Let us help you take the first step forward with our <a href=\"https:\/\/architsingh.com\/webioticnew\/simple-starter\/\">Simple Starter<\/a> package. With this, you receive a technical writeup for your app, wireframe sketching, and target user analysis \u2013 all of which will help you secure funding for your project.<\/span><\/div>\n<\/div>\n<p>And once you get your hands on some funding, whether it\u2019s from your own personal network, crowdfunding, or seed investors, you\u2019ll be ready to take your project to the next level.<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][et_pb_comments _builder_version=&#8221;4.11.4&#8243; _module_preset=&#8221;default&#8221; form_field_background_color=&#8221;#FFFFFF&#8221; form_field_focus_background_color=&#8221;#FFFFFF&#8221; header_font=&#8221;Helvetica||||||||&#8221; header_text_align=&#8221;left&#8221; title_font=&#8221;Helvetica|700|||||||&#8221; title_text_align=&#8221;left&#8221; title_text_color=&#8221;#2ea0d2&#8243; title_font_size=&#8221;25px&#8221; title_line_height=&#8221;1.2em&#8221; meta_font=&#8221;Helvetica||||||||&#8221; meta_text_color=&#8221;#000000&#8243; body_font=&#8221;Helvetica||||||||&#8221; body_text_align=&#8221;left&#8221; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;1.6em&#8221; form_field_font=&#8221;Helvetica||||||||&#8221; form_field_text_align=&#8221;left&#8221; custom_button=&#8221;on&#8221; button_text_color=&#8221;#2ea0d2&#8243; button_bg_color=&#8221;#FFFFFF&#8221; button_border_color=&#8221;#2ea0d2&#8243; button_font=&#8221;Helvetica||||||||&#8221; button_use_icon=&#8221;off&#8221; button_alignment=&#8221;right&#8221; text_orientation=&#8221;left&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#e5e5e5&#8243; border_radii_fields=&#8221;on|5px|5px|5px|5px&#8221; border_width_all_fields=&#8221;1px&#8221; border_color_all_fields=&#8221;#c6c6c6&#8243; global_module=&#8221;5439&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; button_bg_color__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover=&#8221;#2ea0d2&#8243; button_bg_enable_color__hover=&#8221;on&#8221; button_border_color__hover_enabled=&#8221;off|hover&#8221; button_text_color__hover_enabled=&#8221;on|hover&#8221; button_text_color__hover=&#8221;#FFFFFF&#8221;][\/et_pb_comments][et_pb_text disabled_on=&#8221;on|on|on&#8221; admin_label=&#8221;Up Next&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Helvetica|||on|||||&#8221; text_text_color=&#8221;#9e9e9e&#8221; text_font_size=&#8221;20px&#8221; width=&#8221;100%&#8221; max_width=&#8221;50%&#8221; module_alignment=&#8221;left&#8221; custom_margin=&#8221;-50px|0px|0px|0px|false|false&#8221; custom_margin_tablet=&#8221;0px||||false|false&#8221; custom_margin_phone=&#8221;0px|0px|0px|0px|false|false&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; custom_padding=&#8221;50px||||false|false&#8221; custom_css_main_element=&#8221;float: left;||margin-bottom:0px !important;&#8221; disabled=&#8221;on&#8221; global_module=&#8221;6525&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Up Next<\/p>\n<p>[\/et_pb_text][et_pb_post_title title=&#8221;off&#8221; 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header_font=&#8221;|700|||||||&#8221; header_text_color=&#8221;#000000&#8243; header_font_size=&#8221;0px&#8221; header_line_height=&#8221;1.1em&#8221; body_font=&#8221;Helvetica Bold|700|||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;35px&#8221; body_line_height=&#8221;1.2em&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_margin_tablet=&#8221;&#8221; custom_margin_phone=&#8221;0px||0px||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; disabled=&#8221;on&#8221; global_module=&#8221;5442&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_sidebar][et_pb_text admin_label=&#8221;Read Time&#8221; module_class=&#8221;timer_d&#8221; _builder_version=&#8221;4.11.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Helvetica||||||||&#8221; text_text_color=&#8221;#26282d&#8221; text_font_size=&#8221;20px&#8221; custom_margin=&#8221;0px||50px||false|false&#8221; 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module_class=&#8221;post-sticky&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;    margin: 0;||    top: 40px;||    text-align: center;||    float: right;||    right: 0;||max-width:350px;||overflow: scroll;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title title=&#8221;off&#8221; date=&#8221;off&#8221; categories=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; disabled_on=&#8221;on|on|on&#8221; admin_label=&#8221;Author&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; meta_font=&#8221;Journal||||||||&#8221; meta_text_align=&#8221;center&#8221; meta_text_color=&#8221;#0ab1db&#8221; meta_font_size=&#8221;35px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; disabled=&#8221;on&#8221; global_module=&#8221;5438&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][et_pb_code disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; position_origin_f=&#8221;top_right&#8221; vertical_offset=&#8221;40px&#8221; text_orientation=&#8221;center&#8221; height=&#8221;100vh&#8221; custom_padding=&#8221;||||false|false&#8221; link_option_url=&#8221;https:\/\/architsingh.com\/webioticnew\/calendar\/&#8221; global_module=&#8221;5437&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"header-sticky-post\"><!-- [et_pb_line_break_holder] -->  <img decoding=\"async\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/pam-1.png\" \/> <span class=\"author_name\">Pam<\/span><!-- [et_pb_line_break_holder] --><\/div>\n<p><!-- [et_pb_line_break_holder] --><img loading=\"lazy\" decoding=\"async\" width=\"874\" height=\"722\" class=\"wp-image-6141 aligncenter size-full\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/grey_calender_002-1.png\" alt=\"\"  \/>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;fixed-image&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; z_index=&#8221;4&#8243; custom_margin=&#8221;-30px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_module=&#8221;6228&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/newsletter_bg.png&#8221; title_text=&#8221;newsletter_bg&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; position_origin_a=&#8221;center_left&#8221; z_index=&#8221;3&#8243; width=&#8221;100%&#8221; max_width=&#8221;35%&#8221; custom_css_main_element=&#8221;position: absolute;||width: 100%;||height: 100%;||top: 50%;||left: 0;||&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_class=&#8221;form-section&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;rgba(255,255,255,0)&#8221; background_enable_image=&#8221;off&#8221; background_size=&#8221;contain&#8221; background_position=&#8221;center_left&#8221; z_index=&#8221;5&#8243; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; custom_padding=&#8221;0px||||false|false&#8221; background_last_edited=&#8221;on|phone&#8221; background_enable_image_phone=&#8221;off&#8221; global_module=&#8221;6229&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row disabled_on=&#8221;on|off|off&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; scroll_scaling=&#8221;0|50|50|100|70|100|85%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/heart.png&#8221; title_text=&#8221;heart&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Your inbox wants some love.&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Nexa Regular||||||||&#8221; text_text_color=&#8221;#010101&#8243; text_font_size=&#8221;48px&#8221; text_orientation=&#8221;center&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;28px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Your inbox <strong>wants some love.<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;on|off|off&#8221; module_id=&#8221;email-optin&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;rgba(255,255,255,0.77)&#8221; width=&#8221;70%&#8221; custom_padding=&#8221;41px|60px|41px|60px|true|true&#8221; border_radii=&#8221;on|5px|5px|5px|5px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_horizontal=&#8221;2px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Stay informed with Webiotic latest&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Journal||||||||&#8221; text_text_color=&#8221;#2fa2d5&#8243; text_font_size=&#8221;45px&#8221; text_line_height=&#8221;1.3em&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;25px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; custom_css_before=&#8221;    width: 64px;||    height: 64px;||    background: url(https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/C-C_01A.png) no-repeat;||    background-size: 100%;||    content: %22%22;||    position: absolute;||    top: -66px;||    right: -86px;&#8221; global_colors_info=&#8221;{}&#8221;]Stay informed with Webiotic latest[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f9395-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"9395\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/webioticnew\/wp-json\/wp\/v2\/posts\/1938#wpcf7-f9395-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"9395\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.0.6\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f9395-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/div>\n<div class=\"row cus_dis\">\n\t<div class=\"col-md-5 padding-right\">\n\t\t<div class=\"form-group\">\n\t\t\t<p><label for=\"exampleInputEmail1\"><\/label><br \/>\n<!--input class=\"form-control\" type=\"text\" name=\"FNAME\" placeholder=\"First, introduce yourself\"--><span class=\"wpcf7-form-control-wrap\" data-name=\"FNAME\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text form-control\" aria-invalid=\"false\" placeholder=\"First, introduce yourself\" value=\"\" type=\"text\" name=\"FNAME\" \/><\/span><small id=\"emailHelp\" class=\"form-text text-muted\">No need for formalities (just your name)<\/small>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"col-md-5 padding-right\">\n\t\t<div class=\"form-group\">\n\t\t\t<p><label for=\"exampleInputEmail1\"><\/label><br \/>\n<!--input class=\"form-control\" type=\"email\" name=\"EMAIL\" placeholder=\"Email Address\" required--><span class=\"wpcf7-form-control-wrap\" data-name=\"EMAIL\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email Address\" value=\"\" type=\"email\" name=\"EMAIL\" \/><\/span><small id=\"emailHelp\" class=\"form-text text-muted\">Ok, some need for formalities <\/small>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"col-md-2\" style=\"text-align: center;\">\n\t\t<p>(ohh, Intrigued!)\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"col-md-12\" style=\" width:100%;\">\n\t\t<div class=\"form-group text-right\" style=\"display: block;\">\n\t\t\t<p><input class=\"btn btn-info\" type=\"submit\" value=\"join the list\" style=\"cursor: pointer;\" \/>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<style>.wpcf7-response-output {\n font-family: 'Nexa Regular',Helvetica,Arial,Lucida,sans-serif;\n font-size: 20px;\n font-weight: 700;\n}\n\t<\/style>\n<\/div><input type='hidden' class='wpcf7-pum' value='{\"closepopup\":false,\"closedelay\":0,\"openpopup\":false,\"openpopup_id\":0}' \/><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|off|off&#8221; module_id=&#8221;next-step-section&#8221; module_class=&#8221;calendar-sections&#8221; _builder_version=&#8221;4.11.3&#8243; _module_preset=&#8221;default&#8221; background_enable_image=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||||false|false&#8221; global_module=&#8221;3218&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;Featured Clients&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Nexa Regular||||||||&#8221; text_text_color=&#8221;#1e78cc&#8221; text_font_size=&#8221;18px&#8221; header_2_font=&#8221;Nexa Regular||||||||&#8221; 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_module_preset=&#8221;default&#8221; border_width_right=&#8221;1px&#8221; border_color_right=&#8221;#e8e8e8&#8243; border_width_right_tablet=&#8221;&#8221; border_width_right_phone=&#8221;0px&#8221; border_width_right_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/trump.png&#8221; title_text=&#8221;trump&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;|20px|||false|false&#8221; border_width_right_tablet=&#8221;&#8221; border_width_right_phone=&#8221;0px&#8221; border_width_right_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/labellamafia.png&#8221; title_text=&#8221;labellamafia&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; border_width_left=&#8221;1px&#8221; border_color_left=&#8221;#e8e8e8&#8243; border_width_left_tablet=&#8221;&#8221; border_width_left_phone=&#8221;0px&#8221; border_width_left_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/star-new.png&#8221; title_text=&#8221;star-new&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;|||20px|false|false&#8221; border_width_left_tablet=&#8221;&#8221; border_width_left_phone=&#8221;0px&#8221; border_width_left_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;off|on|off&#8221; module_class=&#8221;featured-images-amp&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/New-Project.png&#8221; title_text=&#8221;New Project&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; width=&#8221;90%&#8221; max_width=&#8221;1920px&#8221; module_alignment=&#8221;center&#8221; custom_padding=&#8221;50px||||false|false&#8221; border_color_top=&#8221;#dddddd&#8221; border_color_bottom=&#8221;#eeeeee&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_divider color=&#8221;#eeeeee&#8221; divider_position=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;500px&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||100px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_text admin_label=&#8221;So, what&#8217;s the next step?&#8221; module_class=&#8221;why-its&#8221; _builder_version=&#8221;4.16&#8243; text_font=&#8221;Nexa Regular||||||||&#8221; text_text_color=&#8221;#333333&#8243; text_font_size=&#8221;56px&#8221; text_orientation=&#8221;center&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;28px&#8221; text_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>So, what&#8217;s the <strong>next step?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;48%&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;&#8221; width_last_edited=&#8221;on|desktop&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;margin: auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;talk-content&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Nexa Regular||||||||&#8221; text_text_color=&#8221;#000000&#8243; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.3em&#8221; text_orientation=&#8221;right&#8221; module_alignment=&#8221;left&#8221; text_orientation_tablet=&#8221;&#8221; text_orientation_phone=&#8221;center&#8221; text_orientation_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Talk with a real app developer<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_button button_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjY2NiJ9fQ==@&#8221; button_text=&#8221;Free 15 min consultation&#8221; button_alignment=&#8221;left&#8221; button_alignment_tablet=&#8221;center&#8221; button_alignment_phone=&#8221;&#8221; button_alignment_last_edited=&#8221;on|phone&#8221; module_class=&#8221;calendar-btn&#8221; _builder_version=&#8221;4.16&#8243; _dynamic_attributes=&#8221;button_url&#8221; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;15px&#8221; button_text_color=&#8221;#2fa2d5&#8243; button_bg_color=&#8221;#ffffff&#8221; button_border_width=&#8221;1px&#8221; button_border_color=&#8221;#2fa2d5&#8243; button_border_radius=&#8221;10px&#8221; button_font=&#8221;Nexa Regular|700|||||||&#8221; button_use_icon=&#8221;off&#8221; custom_padding=&#8221;15px|30px|15px|30px|true|true&#8221; button_text_color_last_edited=&#8221;off|desktop&#8221; global_colors_info=&#8221;{}&#8221; button_text_color__hover_enabled=&#8221;on|hover&#8221; button_text_color__hover=&#8221;#ffffff&#8221; button_bg_color__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover=&#8221;#2fa2d5&#8243; button_bg_enable_color__hover=&#8221;on&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Updated<span class=\"span-reading-time rt-reading-time\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\"> 12<\/span> <span class=\"rt-label rt-postfix\">min read<\/span><\/span> It&#8217;s always exciting coming up with a new idea for an app and what problems it can solve for users. \u00a0 And of course, it&#8217;s always fun to think about how you can monetize your app to make the big bucks. But creating an app is no easy feat. \u00a0 While [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:paragraph -->\r\n<p>While almost anyone can come up with a brilliant mobile app idea, most people don\u2019t have a clue how to fund it.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>After all, <a href=\"https:\/\/architsingh.com\/webioticnew\/app-development\/\">creating a mobile app<\/a> is no easy feat. Sure, you need developers to build it, but you also need designers, QA testers, someone to market your app, and someone to lead and manage.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>So people with great ideas will quit before they even begin. But that\u2019s not you, right?\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Because you\u2019re here!<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>In our guide, we\u2019re going to review how you can get funding for your mobile app project.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:image {\"id\":1945,\"sizeSlug\":\"large\"} -->\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-1945\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-3.jpg\" alt=\"How to Get Funding for an App\" \/>\r\n<figcaption>Getting funding for an app is no easy task<\/figcaption>\r\n<\/figure>\r\n<!-- \/wp:image --><!-- wp:heading -->\r\n<h2>Chapter #1: How Much Funding Do You Need<\/h2>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Before we dive into options for funding, it\u2019s important to first understand how much money you\u2019re going to need for your project.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>I get it. You have a great idea and you want to run with it as soon as possible.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>That\u2019s great! But slow it down.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You want to make sure you do this the <em>right way<\/em> so you can save yourself time and money.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This means taking time to think <em>deeply<\/em> about your idea.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You\u2019ll want to flesh out how your app will look and what kind of features it will have with a prototype and you\u2019ll also want to validate your idea with user and usability testing.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You can learn more about the first steps to take in our <a href=\"https:\/\/architsingh.com\/webioticnew\/5-step-beginner-guide-for-your-brilliant-app-idea\/\">5 Step Beginner\u2019s Guide For Your Brilliant App Idea<\/a>.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Just keep in mind that all of these steps are crucial to helping you determine the costs involved in creating an app. So don\u2019t skip a step!<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>The worst thing you can do is to begin a project having little to no understanding of the <a href=\"https:\/\/architsingh.com\/webioticnew\/app-development-costs-breakdown\/\">app development costs<\/a>.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"style\":{\"color\":{\"background\":\"#d2eeff\"}}} -->\r\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>DID YOU KNOW?<\/strong><\/strong><br \/>While having too little funding for your project can clearly put you in hot water, did you know that too much funding is also a bad thing?<br \/><br \/>Remember, the more money you raise, the more you\u2019re giving away your company at the initial phase of the business.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Here are a few questions to ask yourself when <a href=\"https:\/\/architsingh.com\/webioticnew\/how-much-it-costs-to-make-an-app\/\">contemplating app development costs<\/a>:<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:list -->\r\n<ul>\r\n<li>What kind of functionality will your app have?<\/li>\r\n<li>What are the features you\u2019d like to see in your app?<\/li>\r\n<li>How complex are these features and functionality?<\/li>\r\n<li>Are you going to hire freelancers or an agency?<\/li>\r\n<li>What will the design of your app look like?<\/li>\r\n<li>Will there be any integration points, like APIs or 3rd party systems?<\/li>\r\n<\/ul>\r\n<!-- \/wp:list --><!-- wp:paragraph -->\r\n<p>Ruminating on these questions will help paint a clearer picture of the work your app is going to demand.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>1.1 Simple vs Complex<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Keep in mind that building a high-quality mobile app can cost anywhere from $10,000 to $500,000, but it depends on several factors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You should understand the difference between a <a href=\"https:\/\/medium.com\/flutter-community\/12-top-mobile-app-development-ideas-that-can-change-the-world-in-2020-598cb995834e\" target=\"_blank\" rel=\"noreferrer noopener\">simple mobile app<\/a> and a complex mobile app. Then we\u2019ll get into your funding options in the next chapter, I promise.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Let\u2019s say you\u2019re a dentist who wants a simple and clean website people can visit to learn more about your business and even book appointments. Maybe it has a contact form too.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>That\u2019s it.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Ask any developer and they\u2019ll tell you that this is a fairly basic app. You could probably get it done for a few thousand dollars. Maybe a little more, maybe a little less.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>But let\u2019s say you want this same app to offer a few extra features, like the ability to create a profile and login. That\u2019s going to require a database that stores user information.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Other features that add more to the <a href=\"https:\/\/architsingh.com\/webioticnew\/backend-servers-for-mobile-apps\/\">complexity of this app<\/a> might be things like:<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:list -->\r\n<ul>\r\n<li>The ability to pay for appointments or other products through the mobile app<\/li>\r\n<li>Having the app available on multiple platforms<\/li>\r\n<li>Having <a href=\"https:\/\/architsingh.com\/webioticnew\/benefits-of-push-notifications\/\">push notifications<\/a><\/li>\r\n<li>Top-level UX\/UI design<\/li>\r\n<\/ul>\r\n<!-- \/wp:list --><!-- wp:paragraph -->\r\n<p>This can easily double the cost of your project because it\u2019s adding more layers of complexity, which translates to more time. And of course, time is money. And developers aren\u2019t cheap.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Not that you have a better understanding of the pieces involved in building an app, let\u2019s talk first about how to <em>approach<\/em> investors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:image {\"id\":1948,\"sizeSlug\":\"large\"} -->\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-1948\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-2.jpg\" alt=\"how to get funding for your app\" \/><\/figure>\r\n<!-- \/wp:image --><!-- wp:paragraph {\"style\":{\"color\":{\"background\":\"#d2eeff\"}}} -->\r\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>PRO TIP:<\/strong><\/strong><br \/>If you want a better idea of what your mobile app project will cost, most agencies will offer a free consultation that can highlight the hours the project will demand so you can get a hard figure.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>1.2 Perfect your elevator pitch<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Whoever you\u2019re approaching for money, you better believe you\u2019re going to need an <a href=\"https:\/\/blog.hubspot.com\/sales\/elevator-pitch-examples\" target=\"_blank\" rel=\"noreferrer noopener\">A+ elevator pitch<\/a>.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>An elevator pitch is pretty much how it sounds. You have a full elevator ride to deliver an awesome speech to someone.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>And so it needs to be:<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:list -->\r\n<ul>\r\n<li>Short<\/li>\r\n<li>To the point<\/li>\r\n<li>Easy to understand<\/li>\r\n<\/ul>\r\n<!-- \/wp:list --><!-- wp:paragraph -->\r\n<p>Ok, you\u2019ll probably have more than 30 seconds with the investor or whoever you\u2019re shaking down for money, but the point is, you want to fine tune your app idea pitch so well that it\u2019ll be perfectly clear what your app does, what problems it solves, and how it will generate revenue.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"style\":{\"color\":{\"background\":\"#d2eeff\"}}} -->\r\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>RECOMMENDATION:<\/strong><\/strong><br \/>App investors are looking to hear a pitch that\u2019s <em>short, informative, and captivating<\/em>.<br \/><br \/>Practice this pitch until your delivery is flawless. Trust me. It makes a difference.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading -->\r\n<h2>Chapter #2: Finding Funding<\/h2>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>There are <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/102015\/series-b-c-funding-what-it-all-means-and-how-it-works.asp\" target=\"_blank\" rel=\"noreferrer noopener\">several ways you can fund your mobile app<\/a> project, but let\u2019s start with the most popular option, which is seed funding or angel investors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.1 Seed Funding<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Seed funding is also commonly referred to as angel Investors. These are individuals (and sometimes businesses) who invest in startups in the <em>early <\/em>phase.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>These investors want to hear about your app, but more importantly, your strategies on <a href=\"https:\/\/architsingh.com\/webioticnew\/how-to-make-money-creating-apps\/\">how your app will make money<\/a> and what the return on investment (ROI) will look like.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>They\u2019ll also expect for you to <em>prove<\/em> that your app idea has demand in the market.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Remember, investors want to be sure that they\u2019re making a smart investment by funding you. Your job is to prove that to them.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>In return for funding your app, angel investors will typically request a <a href=\"https:\/\/www.investopedia.com\/terms\/s\/shares.asp#:~:text=Shares%20are%20units%20of%20equity,value%20of%20the%20company%20rises.\" target=\"_blank\" rel=\"noreferrer noopener\">share in your company<\/a>.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>So if your app is successful, you\u2019ll owe a share of your business to your angel investor. This amount can range anywhere from 10% to 25% of your company\u2019s shares.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>It depends on how much funding you get from them.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>On the flip side, if your app fails, you won\u2019t have to pay the money back.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph {\"style\":{\"color\":{\"background\":\"#d2eeff\"}}} -->\r\n<p class=\"has-background\" style=\"background-color: #d2eeff;\"><strong><strong>PRO TIP:<\/strong><\/strong><br \/>Keep in mind that it\u2019s not easy to get angel investor funding. App startups are seen as risky. After all, anyone can have an idea.\u00a0<br \/><br \/>You need to be 100% prepared to show investors your app\u2019s potential in the market. You should have some kind of <a href=\"https:\/\/www.businessofapps.com\/insights\/prototype-vs-proof-of-concept-vs-mvp-in-mobile-app-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">prototype, proof of concept, or minimum viable product (MVP<\/a>) to help illustrate your points.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:image {\"id\":1946,\"sizeSlug\":\"large\"} -->\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-1946\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App.jpg\" alt=\"\" \/><\/figure>\r\n<!-- \/wp:image --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.2 Venture capitalist<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p><a href=\"https:\/\/www.affinity.co\/blog\/5-best-types-of-mobile-apps-for-vcs\" target=\"_blank\" rel=\"noreferrer noopener\">Venture capitalists also offer startups with the funding<\/a> they need, and most of these investors come from managed venture capital firms.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Unlike angel investors, however, venture capitalists will typically only provide funding once the app is already in development.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>They see your app-in-progress and determine if it has potential for quick growth.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Since venture capitalists come from a big firm and aren\u2019t just an individual with money to spare, they can usually fund larger sums of money than angel investors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Of course, more money invested means more shares you\u2019ll have to give up.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.3 Private investors<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Another way you can fund your mobile app project is through private investors. This type of investor will often come in the form of a local business who works in the same niche as your app.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>If your app benefits them in some way, they might want to help with the funding.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>For example, let\u2019s say you have a <a href=\"https:\/\/www.digitaltrends.com\/home\/best-food-delivery-apps\/\" target=\"_blank\" rel=\"noreferrer noopener\">food delivery app<\/a> or an app that takes restaurant reservations.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You may find some local restaurants that would like to work with you and leverage your app to keep them ahead of the competition.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This is a good option if your app idea fits into a particular industry or niche.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.4 Personal network<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Your personal network includes friends and family, which can be a reliable source of funding for your mobile app.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>These are the people that know you best, believe in you, and are willing to support your project with fewer strings attached than an angel investor or a venture capitalist.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>But that doesn\u2019t mean you should approach your personal network with a half-baked idea.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Remember, you\u2019re still borrowing money from someone, so you should always have a solid plan and a proper pitch ready.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This is a good idea if you have a smaller project you\u2019re trying to bootstrap without bringing in real investors or if you\u2019re just trying to get some money to fund some kind of prototype for your app.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.5 Crowdfunding<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>You\u2019ve probably heard of crowdfunding websites like <a href=\"https:\/\/www.gofundme.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">GoFundMe<\/a> and <a href=\"https:\/\/www.kickstarter.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kickstarter<\/a>, but if you haven\u2019t, these are popular funding platforms which can be donation-based, debt-based, or equity-based.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>In short, it\u2019s a place where anyone can fund your project.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>They\u2019re also good places to promote your app to a specific audience. You can pitch your idea, raise money, and spread the word about your app.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>2.6 Bank loans<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Another avenue to get funding for your mobile app is with a <a href=\"https:\/\/www.nerdwallet.com\/best\/loans\/personal-loans\/bank-loans\" target=\"_blank\" rel=\"noreferrer noopener\">bank loan<\/a>. But it\u2019s worth saying, this isn\u2019t a popular option for startups.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>If you take out a loan from a bank to fund your project, they don\u2019t care if it fails or succeeds. You\u2019ll have to pay them back either way, and with interest.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>While it\u2019s good to be optimistic about your mobile app venture, you have to be realistic and acknowledge the possibility of failure.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>It\u2019s much safer to consider this option for funding once your app is already proven viable and you\u2019re just looking for expansion money.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading -->\r\n<h2>Chapter #3: Stages of Funding<\/h2>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Now that you\u2019re more familiar with the funding options available, let\u2019s review the different stages of funding.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:image {\"id\":1947,\"sizeSlug\":\"large\"} -->\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-1947\" src=\"https:\/\/architsingh.com\/webioticnew\/wp-content\/uploads\/2020\/12\/Webiotic_Blog_Article_A_Guide_on_How_to_Get_Funding_for_an_App-4.jpg\" alt=\"\" \/><\/figure>\r\n<!-- \/wp:image --><!-- wp:heading {\"level\":3} -->\r\n<h3>3.1 Pre-seed<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Pre-seed funding happens at the very beginning of your mobile app project. This is the phase where you\u2019re in the midst of fleshing out and really evaluating your app idea.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This is a good time to bring in your personal network or maybe private investors so you have some money to build some form of <a href=\"https:\/\/proto.io\/mobile-app-prototyping?gclid=Cj0KCQiAwf39BRCCARIsALXWETwkqBlTuJdyHrzp4C3Z3-920o7sTFCaYO_TDiIG-nEoNg5ipQmczVkaAr67EALw_wcB\" target=\"_blank\" rel=\"noreferrer noopener\">prototype<\/a>.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Remember, the mobile app world is an incredibly <a href=\"https:\/\/www.smashingmagazine.com\/2017\/12\/improving-mobile-app-competitive-analysis\/#:~:text=The%20mobile%20app%20industry%20is,alone%20downloaded%2C%20can%20be%20difficult.\" target=\"_blank\" rel=\"noreferrer noopener\">compe<\/a>titive market. If you have something other than just an idea, it\u2019ll give you a leg up when it comes time to bring in investors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>3.2 Seed<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>This is the first stage of receiving substantial funding. It\u2019s more money than you\u2019ll get from your personal network or out of your own pocket.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This is a good time to approach angel investors, and possibly venture capitalists if you\u2019re lucky.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Seed money is most often used to bring on board a <a href=\"https:\/\/architsingh.com\/webioticnew\/solutions\/\">development team and other specialists<\/a> for your mobile app project.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Hopefully by the end of this stage, you have a validated idea and an MVP, which can be presented to bigger investors to get more funding.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>3.3 Series A<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>Series A funding is about your startup\u2019s <em>active growth, <\/em>and it\u2019s also the first stage in venture capital funding.\u00a0<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Remember, venture capitalists want to fund startups who are demonstrating their high growth potential, which is why you\u2019re far less likely to get money from them in earlier funding stages.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>3.4 Series B<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>If you\u2019ve made it to series B funding, you\u2019re in a very good place and your app just might make it.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>This stage of funding is about quicker development and more expansion. Your shares will go up in price, so you can sell fewer shares to venture capitalists and have greater control over your startup.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} -->\r\n<h3>3.5 Series C and beyond<\/h3>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>At this stage, your mobile app is alive and well. You\u2019re making enough revenue to cover operational expenses without the need for extra funding from third parties.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Series C and beyond stages are about major upgrades to your app and large-scale expansion to reinforce your company\u2019s existing success.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>Series C is usually the final stage in funding, but some companies may choose to go through more rounds.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:heading -->\r\n<h2>Final Thoughts<\/h2>\r\n<!-- \/wp:heading --><!-- wp:paragraph -->\r\n<p>It\u2019s easy to stress about money, but finding funding for a mobile app project can actually be exciting and rewarding.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>It forces you to really think and brainstorm about your idea.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You\u2019ll have to start <a href=\"https:\/\/architsingh.com\/webioticnew\/mobile-app-strategy\/\">strategizing about how your app can be successful<\/a> and how it can earn revenue.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>You can make a prototype and work on a great elevator pitch for potential investors.<\/p>\r\n<!-- \/wp:paragraph --><!-- wp:paragraph -->\r\n<p>And once you get your hands on some funding, whether it\u2019s from your own personal network, crowdfunding, or seed investors, you\u2019ll be ready to take your project to the next level.<\/p>\r\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-1938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-app-development","category-strategy-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Guide on How to Get Funding for an App<\/title>\n<meta name=\"description\" content=\"While almost anyone can come up with a brilliant mobile app idea, most people don\u2019t have a clue how to fund it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/architsingh.com\/webioticnew\/a-guide-on-how-to-get-funding-for-an-app\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Guide on How to Get Funding for an App\" \/>\n<meta property=\"og:description\" content=\"While almost anyone can come up with a brilliant mobile app idea, most people don\u2019t have a clue how to fund it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/architsingh.com\/webioticnew\/a-guide-on-how-to-get-funding-for-an-app\/\" \/>\n<meta property=\"og:site_name\" content=\"Webiotic\" \/>\n<meta property=\"article:published_time\" 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