Our startup raised money by recruiting a connected VP of Sales of a big bank to become President. He eventually ran the business into the ground (bloated salaries/consultants, questionable hiring of friends….) but did raise for us a couple million many years ago which honestly us just out of a not great college might not be able to do ourselves.
@@gidd We the founders did well salary wise (around 100k per year) once we brought in the new President but it lasted around one year so overall for all 3 years we spent without a salary and what we invested ourselves we made less than minimum wage on average :-( . Still many years later do not regret having taken a shot at making it big.
Best advice for any beginner entrepreneur work and save money, start small, you dont need to be instantly profitable. Bringing in investors or partners isnt worth the risk or time in my experience. No one is ever going to believe or work as hard as you for free. Start with friends and family in small amounts if you really need to. If you can get thru the first year and become profitable, the investor risks are lower, investments and loans are better, and you give up less equity. I can see the potential, I believe in our projections. Now I am not sure if I even want investors.
Caya, this is all solid advice, not just for investment pitches--i.e. raising capital--but solid advice for almost any endeavor. Like, don't send your deck without permission is correlate-able to don't send your screenplay without permission :D Lastly, lookin' pretty dapper my friend. The jacket is fly.
Been following you for years on here and I gotta say. This may be the most well timed video you've ever posted with where we're at about to launch our MVP. Hands down best channel for first time entrepreneurs that are looking to learn about all the aspects of a business!
Remember that a startup is a business so don’t seek investors unless you REALLY have to. Bootstrap as much as you can and just focus on creative ways to get your startup to make money/gain traction.
I always thought like this until i realize someone with big money or have connections to someone with big money who see potential in your idea can twist the idea little bit and without you realize already steal your idea and can speed up the progress with that money. what do u think?
@@habiboktavian8922 I mean that is true but some people have this misconception that you have seek investors right away. Seeking an investment is kinda like if your company is lacking something that you can’t provide you turn to investors. I’d rather own 50% of a successful company than to own a 100% of one that is unsuccessful. But when you try to be creative at the early stage and gain traction, you will be powerful when you receive your first seed round. Plus it lets the investors know that you are in it to win it.
Agreed, cold emails should be buried at the bottom of your toolbox. Try to put a price tag of $50/$100 per outgoing email, and spending time building a network will look cheap again. Also, 11:39... UK Airbnb without Marmite for breakfast???
The next video should be about how to get an idea off the ground with no tech skills, no team, no real money, no network, just stoic you and your idea and your prototype and your fear of being suckerberged like Saverin or Winklevoss's.
I have a provisional patent, I have a supply chain, I have a distributor, I have a domain, I have Capital to purchase a thousand units I need to raise $14,500 for the injection mold
The only need for a basic product in 2021 is not necessarily true. I’m looking to do a back-end system for companies in specific industries and if doesn’t have quite a lot of functionality they won’t switch from the existing ones.
Hey Javier, do you have a 5 second transformation? If you can demo how you are better in 5 secs or less, you have a better chance. This 5 sec transformation is what will make your product go viral in a company.
@@derrickduplessy215 Hey Derrick! Thanks for your insight! I think 5 seconds might be a bit too short, but if its somebody involved in the industry a quick 5 - 10 second quick demo might be doable
Caya, you mentioned no code in this video. Can you elaborate on it . Will you do an episode on the no code platforms available and which one you think is best. I would definitely be interested in that so would many others.
Most VCs that write up about pitching almost always ask to have the deck with the email. Why do you think it's a mistake? Keep up the good work, this channel is great.
Thanks for the video. Just curious which financial institutions would you recommend to manage or park the investment or revenue over $250k which is the max FDIC insured amount? especially to avoid issues with limits, hold?
Awesome video Mr. Caya If i may, i want to ask a question. I think i have a great app idea but i cant code, i can learn but it takes time right!? So what i have to do.... pitching the deck straight away to investor or i have to make the early type of my app even tho' it takes a while? thanks
@@slidebean i already looked into these no-code tools but looks like their have some kind of limitations over the traditional coding method or is it tho' ? or i just maybe i just dont know how to fully use it!? thanks for your respond btw
hey Caya ,just wondering when you said ,in one of your videos, the valuation of a tech startup is determined by the potential of the startup and some other things ,I want to ask that when you said potential of the startup ,were you referring to potential as the potential seen by investors ? If so ,then wouldn't that be subjective ,I mean different for different investors?
Appreciate your videos, as always. Just a question: Why not self-fund your own ventures if development costs are 100k? Using profits earned through other ventures, You’d eventually be able to self-fund whatever you like. Self-funding future ventures using profits earned from past self funded ventures seems like the best approach, as you retain total control of everything you do. It’s okay to work with partners, but make sure equity distribution is consistent with what’s truly deserved. Thank you for your videos; they tend to be insightful. 🙏
Come on, this dude did not come from humble beginnings. Any from his country can tell you. So how can you make this happen when you really are starting from zero? That’s the answer many are looking for
Our current operation cost is about $200K, so I see that money leave our bank account every month. It’s a shit ton of money, I am just insensitive to it at this point.😅
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
One of the most honest startup advice seen on RUclips. It flows naturally.
Thank you!
@@slidebean help me setup art gallery
Yall r raising the bar for these startup youtubers and I'm so here for it! Love all the new creativity so much
Thank you so much!! I hope you're getting something insightful from each video
Our startup raised money by recruiting a connected VP of Sales of a big bank to become President. He eventually ran the business into the ground (bloated salaries/consultants, questionable hiring of friends….) but did raise for us a couple million many years ago which honestly us just out of a not great college might not be able to do ourselves.
Super creative 💡. I will skip the part where we make that person President. Thanks for sharing.
Sounds like John Sculley lol
Do you mind if I ask how much of that you kept/paid yourself
@@gidd We the founders did well salary wise (around 100k per year) once we brought in the new President but it lasted around one year so overall for all 3 years we spent without a salary and what we invested ourselves we made less than minimum wage on average :-( . Still many years later do not regret having taken a shot at making it big.
Since I started watching, the quality has gone up so much, and I find the topics more relevant to what I’m interested in, this is great!
Wow, thank you!
Oh no Mr. Jinping is now controlling Slidebean
Best advice for any beginner entrepreneur work and save money, start small, you dont need to be instantly profitable. Bringing in investors or partners isnt worth the risk or time in my experience. No one is ever going to believe or work as hard as you for free. Start with friends and family in small amounts if you really need to. If you can get thru the first year and become profitable, the investor risks are lower, investments and loans are better, and you give up less equity. I can see the potential, I believe in our projections. Now I am not sure if I even want investors.
This video is for startups in every possible stage of raising money. You know how to show wide perspective.
I Love you start fresh as if you reboot to pre-seed
Best channel for startuppers ever. Thank you!
Glad you think so!
Caya, this is all solid advice, not just for investment pitches--i.e. raising capital--but solid advice for almost any endeavor. Like, don't send your deck without permission is correlate-able to don't send your screenplay without permission :D Lastly, lookin' pretty dapper my friend. The jacket is fly.
Been following you for years on here and I gotta say. This may be the most well timed video you've ever posted with where we're at about to launch our MVP. Hands down best channel for first time entrepreneurs that are looking to learn about all the aspects of a business!
How'd ut go with the mvp?
Would greatly appreciate advice
You channel is the ultimate guide to everyone who wants to build a startup me included ofcourse 😅
Thumbnail say's all !!! literally every founder's initial story
Remember that a startup is a business so don’t seek investors unless you REALLY have to. Bootstrap as much as you can and just focus on creative ways to get your startup to make money/gain traction.
I always thought like this until i realize someone with big money or have connections to someone with big money who see potential in your idea can twist the idea little bit and without you realize already steal your idea and can speed up the progress with that money. what do u think?
@@habiboktavian8922 I mean that is true but some people have this misconception that you have seek investors right away. Seeking an investment is kinda like if your company is lacking something that you can’t provide you turn to investors. I’d rather own 50% of a successful company than to own a 100% of one that is unsuccessful. But when you try to be creative at the early stage and gain traction, you will be powerful when you receive your first seed round. Plus it lets the investors know that you are in it to win it.
@@kidzeus2433 yeah that's make sense... make the investors not only invest at the idea but to you too
Agreed, cold emails should be buried at the bottom of your toolbox. Try to put a price tag of $50/$100 per outgoing email, and spending time building a network will look cheap again. Also, 11:39... UK Airbnb without Marmite for breakfast???
Ur advice is always genuinely helpful
You are startup vibes and wisdom.👍
The next video should be about how to get an idea off the ground with no tech skills, no team, no real money, no network, just stoic you and your idea and your prototype and your fear of being suckerberged like Saverin or Winklevoss's.
Love the minecraft socks. Great video!
This was gold! Thank you
Hey caya - who dont you pivot to a connector- broker?. Match starts to investors and charge 5% from both sides if deal clicks?
WOW! This was great. We need lots of help!
I have a provisional patent, I have a supply chain, I have a distributor, I have a domain, I have Capital to purchase a thousand units I need to raise $14,500 for the injection mold
So you can't just email investors without someone else you both know to verify?
Yes , moralities , and laws to grays them. A legal system that loves graying.
I'm curious, why did you go to the UK instead to go to the US for investment?
Great work hope to collaborate with you on RUclips one day ❤❤Namibia 🇳🇦
Pitching to both Koshla & Sequoia on Tuesday... Wish me luck
Best of luck!
@@slidebean Thank you! Sequoia scheduled a second meeting with us, it will be the first venture into RE for them.
This was Gold!! Thank you
Glad you enjoyed it!
The only need for a basic product in 2021 is not necessarily true. I’m looking to do a back-end system for companies in specific industries and if doesn’t have quite a lot of functionality they won’t switch from the existing ones.
Hey Javier, do you have a 5 second transformation? If you can demo how you are better in 5 secs or less, you have a better chance. This 5 sec transformation is what will make your product go viral in a company.
@@derrickduplessy215 Hey Derrick! Thanks for your insight! I think 5 seconds might be a bit too short, but if its somebody involved in the industry a quick 5 - 10 second quick demo might be doable
As ever fabulously helpful, thanks
Hello thank you for your videos actually I want to show you my project idea and If you can help me to find an investor
Hey, is it possible for a foreign startup to seek funding form investors online ?
Can you do a video on how to find start up investors for african start ups?
My shortest answer is… I don’t know.
I try to make videos from my own experience, but African venture capital is really outside my knowledge
See future Africa initiative
Also ingressive Capital
YCombinator
Those doc marten's and poppin' green socks tho. 👌
What's going on with your website brother?? Trying to log into the investor finder, getting site errors.
Your videos are so realistic that they scare me and make me nervous because i know the things you are saying is true
Caya, you mentioned no code in this video. Can you elaborate on it . Will you do an episode on the no code platforms available and which one you think is best. I would definitely be interested in that so would many others.
I'll suggest it to the team!
Most VCs that write up about pitching almost always ask to have the deck with the email. Why do you think it's a mistake? Keep up the good work, this channel is great.
IP Issues I think. Like getting sued for that idea.
Thanks for the video. Just curious which financial institutions would you recommend to manage or park the investment or revenue over $250k which is the max FDIC insured amount? especially to avoid issues with limits, hold?
First comment! Thanks as always for the awesome content
You’re welcome! Thanks for watching 😬
Awesome video Mr. Caya
If i may, i want to ask a question. I think i have a great app idea but i cant code, i can learn but it takes time right!? So what i have to do.... pitching the deck straight away to investor or i have to make the early type of my app even tho' it takes a while? thanks
There's plenty of no-code tools out there to get you started. You also could look into have a CTO who is a co-founder.
@@slidebean i already looked into these no-code tools but looks like their have some kind of limitations over the traditional coding method or is it tho' ? or i just maybe i just dont know how to fully use it!? thanks for your respond btw
Great content! 👏👏👏
Which kind of camera are you using?
Very wise information 🙂 thank you 😉
This is it!
hey Caya ,just wondering when you said ,in one of your videos, the valuation of a tech startup is determined by the potential of the startup and some other things ,I want to ask that when you said potential of the startup ,were you referring to potential as the potential seen by investors ? If so ,then wouldn't that be subjective ,I mean different for different investors?
Your answer is in your question
@@CaneSugarCane Got it ,Thanks.
Thank you Caya for always producing great content!
My father’s invention could save 12,435,974 and more ! Just need investors for funding 🙏
Thanks for a video. It would be great if you can remove a music 🙈
Appreciate your videos, as always. Just a question: Why not self-fund your own ventures if development costs are 100k? Using profits earned through other ventures,
You’d eventually be able to self-fund whatever you like. Self-funding future ventures using profits earned from past self funded ventures seems like the best approach, as you retain total control of everything you do. It’s okay to work with partners, but make sure equity distribution is consistent with what’s truly deserved.
Thank you for your videos; they tend to be insightful. 🙏
4:51 I couldn't see your text the sun blurred it's.
Caya!!!!!!!
Why shouldn't you send your deck?
i like that grey pants.
When a Coffezilla and Slidebean cross over is coming up?
Get tagging Coffezilla on social media and we will see what we can do
Come on, this dude did not come from humble beginnings. Any from his country can tell you. So how can you make this happen when you really are starting from zero? That’s the answer many are looking for
Wanna grab a beer in London? Hit me
You are my inspiration. Keep going, one day these sucks will go away.
You say 100-200k as if it were pennies.. haha
Our current operation cost is about $200K, so I see that money leave our bank account every month.
It’s a shit ton of money, I am just insensitive to it at this point.😅
@@cayahere yea, I totally get that. I just heard that part and was like “oh, I guess this video isn’t for me.” 😂
Fast fooddd
little hunchback
Don't you guys wanna try shark tank? Hahahaha just kidding
One of the hideous things that must be done.
lol thubnail
Thanks @caya this would really help me.
yeaa. Bro i even gott an offfer to J**4 *. Dont wana expose nothing but. shit is going tobe fyre.
;;