When should I actually look for an investor?
Hey everyone,
I'll keep this brief. Like I mentioned in the title, I'd love to hear from people who have real, hands-on experience dealing with investors, and I’d also love to get some insight from investors themselves.
In your opinion, when should someone actually start looking for an investor? Is it as soon as you have the business plan, the foundation, and the strategy ready—especially if the project needs substantial upfront capital?
Or is it after you’ve hit some initial milestones that help prove the project’s viability and profitability?
To be honest, I'm a bit torn. I have some modest experience building businesses from scratch, and I’ve always valued bootstrapping with minimal funds, relying on solid agreements between everyone involved.
Because of that, I’m not the type to chase after investors just to get cash for rosy ideas and dreams sketched out on unrealistic plans.
So, I wanted to know: is my mindset wrong here? Or do you actually need an investor only for specific types of projects?
Thanks in advance!